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DIAS Completes Share Capital Increase

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GREECE - DIAS Aquaculture Group has completed its share capital increase.

Today (31 December), DIAS Aquaculture SA, has announced that, in accordance with the provisions of article 9 par. 5 of Law 3556/2007 informs the investors that after the completion of the share capital increase, after the conversion of 7 (out of 10) convertible bonds into shares, issued on the basis of the Convertible Bond Loan Program and Subscription Agreement of 7 July 2010 approved pursuant to the resolution of the Annual General Assembly dated 25 June 2010 and the Board of Directors decision dated 07.07,2010, the company's share capital amounts to €14.175.004,00 divided to 30.159.583 common registered shares, of nominal value €0.47 each with equal voting rights.

This latest announcement follows yesterday's press release, which announced significant changes in the number of shares and voting rights, pursuant to Law 3556/2007:

"The company DIAS AQUACULTURE SA, announces pursuant to articles 14 and 21 of Law 3556/2007, decision 1/434/2007 and Circular No. 33 of the Capital Market Commission and following notification received on 30 December 2010, that the percentage of the total number of shares and voting rights of the shareholder of the company Stelios Pitakas marked a change greater than three per cent as a result of the exercise of the right to convert into common shares of the company 7 convertible bonds of nominal value of €1.5 million each by the only bondholder Linnaeus Capital Partners under the terms of the Program and Subscription Agreement dated 9 November 2010.

"Before the aforementioned change Mr S. Pitakas had directly 7.550.415 shares and voting rights (31.03 per cent of the total number of shares and voting rights) and after the change holds directly 7.550.415 shares and voting rights (25.03 per cent of the total number of shares and voting rights) of the Company."