In the 23rd Annual General Meeting, which was held on June 23rd 2006, 41 shareholders representing 37.931.035 shares or 68,50% of total shares, committed their shares and participated in the General Meeting either themselves or via proxy. The General Meeting unanimously decided the following:
1. Approved the Annual Financial Statements (both consolidated and non-consolidated) for the accounting year 2005 (1.1.2005 - 31.12.2005), as well as the corresponding reports of the Board of Directors and the Auditors
2. Approved the distribution of the earnings of the accounting year 2005 (1.1.2005 - 31.12.2005) and the dividend payment of ? 0,065 per share. All the holders of the company's shares at the closing of the trading day of the Athens Stock Exchange of August 10, 2006, are entitled to receive the cash dividend. As of Friday the 11th of August 2006, the stock will be traded ex-dividend. Decided that Monday the 21st of August 2006 will be the starting date that dividend will be cashed via the network of an associate commercial bank. The details on the dividend payment will be announced in the near future.
3. Relieved the Board of Directors and the Auditors from all liabilities for the accounting year 2005 (1.1.2005 - 31.12.2005).
4. Elected the Chartered Auditors for the year 2006 (1.1.2006 - 31.12.2006). Mr. Tsamakis Andreas was set as the Auditor and Mr. Koutras Grigoris his replacement.
5. Approved the fees paid to the members of the Board of Directors for the accounting year 2005 (1.1.2005 - 31.12.2005) and pre-approved the corresponding fees for the year 2006 (1.1.2006 - 31.12.2006).
6. Granted permission to the members of the Board of Directors and the Senior Executives of the Company, as stated in Law 2190/1920, article 23, paragraph 1, to become directors or senior executives in other companies having the same or related objectives with our Company.
7. Approved the proposed expansion of the scope of our company, as suggested by the Board of Directors, to include the following activities: manufacture, assembly, representation, import, trading and renting of shipping ware, crafts, engines and components and others recreation requisites and sea sports, supplying of services maintenance, security and repairing of the above, construction and operation of marina, aquariums, thematic parks, supplying of accounting services, supplying of computerization of the account department, creating and trading software, supplying of internet access services and commissariat, storage, choice and packing, transportation and distribution of all kind of products on the others' account. Also, approved the relevant amendment of the third section of the company's article of association.
8. Authorised the members of the Board of Directors to act accordingly in order to implement and complete the capital expenditure programme of the Company, as described in the section "Objectives and Prospects" of the Management Report of the Board of Directors for the accounting year 2005. Also, the Chairperson of the Internal Audit Committee informed the General Meeting on the actions taken by the Internal Audit Department during the accounting year 2004.