PRESS RELEASE - Chania 25.01.08 ANEK LINES S.A. announces, following the relevant information dated 25/01/2008, provided to our company that Sea Star Capital Plc («Sea Star» or the «Company») has reached an agreement to acquire from Atlantica S.P.A Di Navigazione, 25,030,503 ordinary shares, representing 15,5% in the share capital of ANEK S.A. («ANEK»), which is listed on the Athens Exchange, for €47,557,956 or €1.90 per share. The acquisition of the ANEK shares will be financed with own funds. Following this, the Company’s participation in ANEK will amount to 52,422,237 ordinary shares or 32.5% of its share capital. The Company has also reached an agreement to sell to Atlantica S.P.A Di Navigazione 18,942,487 ordinary shares of Minoan Lines S.A. («Minoan Lines») for €100,205,756 or €5.29 per share, representing 26.71% in the share capital of Minoan Lines, also listed on the Athens Exchange. Sea Star’s financial advisors on these transactions are Credit Suisse Securities (Europe) Limited and Deutsche Bank AG, London Branch while the general coordination was carried out by Piraeus Bank. The Company's Board of Directors hereby confirms that these transactions fall within the framework of its strategic objective to strengthen its presence in the passenger shipping sector, and create value for its shareholders. The Board of Directors of Sea Star confirms that these transactions are being effected at arm’s length, and that neither of these transactions is related or affects, directly or indirectly, the interest of the Company’s Secretary or the interest of any “specified person” according to the meaning quoted in the Cyprus Stock Exchange Law. In addition, no specified person is associated in any way with the transactions, the contracting parties or the persons acting as intermediates in the transactions. ANEK Lines Press Release