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ANNOUNCEMENT

The Board of Attica Holdings S.A. wishes to announce that it reached an agreement with an Italian Company represented by Mr. Romano Artioli for the acquisition of 6,745,471 shares of Minoan Lines Shipping S.A. representing 9.51% of the share capital of Minoan at a price of Euro 3.30 per share.

The finalisation of the transaction is subject to regulatory approval by the Athens Stock Exchange regarding regulations of block trading transactions.

The Board of Directors
21st February, 2005

For more information please contact:

Attica Group
Mr. Yannis Criticos
Member of the Board
tel. : +30 210 891 9500
fax : +30 210 891 9509,
e-mail: ir@attica-group.com

www.attica-group.com
www.superfast.com
www.bluestarferries.com