PRESS RELEASES / ANNOUNCEMENTS

Announcement

The Board of Directors of Attica Enterprises announces the hand-over of Superfast III and Superfast IV to their new owners, the Government of the State of Tasmania (Australia) owned TT-Line Pty Ltd. of Tasmania.

The ships, as agreed last March, were sold at a price of USD 152 million (approx. Euro 167 million). The proceeds from the sale will produce substantial financial benefits for the company.

Voula, 10th May, 2002

The Board of Directors

For more information please contact:

Mr. Yannis Criticos,
Attica Enterprises S.A.,
Oel: +30 10 8919500,
Fax: +30 10 8919509,
e-mail: criticos@superfast.com