Nireus Aquaculture : Disposal of fractional shares

NIREUS SA informs investors that, with the Decisions 1.640-1.641/18-05-2017 as issued by the Head of the Division of Research of the Hellenic Capital Commission, the following was decided:

1. The authorization, to NIREUS S.A, for the disposal of 3.838 common registered shares arising from unallocated fractional balances which resulted from the Company's increase in share capital due to the merger by absorption of 'SEAFARM IONIAN SA'.

2.The authorization, to NIREUS S.A, for the disposal of 352 common registered shares recorded in the account of 'NIREUS AQUACULTURE SA' which absorbed the company 'FEEDUS AEBE'. The aforementioned shares are a result of the unallocated fractional balances arising from the merger of the companies 'SARANTIS AEBE' and 'FEEDUS AEBE'.

3. The appointment of CYCLE SECURITIES S.A. as the member of the Athens Stock Exchange so that procedures on the sale of shares be carried out.

4. The disposal of the shares will take place on Tuesday, May 30, 2017, as stated in Article 2.3.6 of the Rules of the Athens Stock Exchange. The starting price for the sale of shares cannot be less than 2% from the closing price of the day preceding the disposal.

5. CYCLE SECURITIES S.A. must inform NIREUS SA, the Central Securities Depository and the Hellenic Capital Markets Commission on the outcome of the sales.

Following procedures on the completion of the sales proceeds will be deposited in the Deposits and Loans Fund. NIREUS SA will proceed with an updated announcement, indicating the outcome of the sale and the process by which the beneficiaries are to receive the corresponding available proceeds to which they are entitled.