Nireus Aquaculture : Announcement in relation to business development

(a) the establishment of definitive divestiture agreement with one or two candidate purchasers for the sale of (i) fish farms that produce approximately 10,000 tonnes mediterranean fish along with related packing units with the same capacity and (ii) hatcheries units that produce approximately 50,000,000 pieces of juveniles and the transfer to the candidate buyers the relevant know - how of the research and breeding programs, as well

(b) the approval of the European Competition Commission for the suitability of the candidate buyer or buyers and the terms of the above purchase and sale.

2. As it emerge from the relevant letter of the Hellenic Capital Market Commission to us, but also from the press releases, described in the aforementioned letter, it is stated that on 08/02/2019 the sale agreement under item 1 (a) has been signed.

3. We note that we are not party to the specific agreement and therefore we have not been notified upon.

4. In addition, to the best of our knowledge, the European Competition Commission's approval under point 1 (b), as above, has not yet been granted, as a result the both of the aforementioned conditions are not met.

After the fulfillment of this condition, our intention is that, after receiving the relevant information from the parties that are involved and in the contexts of existing contractual commitments / obligations, we will provide it to you so that the investing public to be informed.

It is noted that company is not party to aforementioned signed agreement on 02/08/2019 as above. Anything newer will be notified immediately.