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ANNOUNCEMENT REGARDING THE COMPLETION OF THE MERGER BETWEEN NIREUS AQUACULTURE SA AND SEAFARM IONIAN SA

The company "NIREUS AQUACULTURE SA" announces to the Investment Community the completion of the merger -by the absorption - of the subsidiary named "SEAFARM IONIAN SA" participating with 26,454% in its share capital. The incorporation of the subsidiary "SEAFARM IONIAN SA" in the NIREUS group was made by the full consolidation method given that Nireus had the management control.

The merger was approved by :

• the decision with number 133423 dated on December 22nd, 2015 by the Ministry of Economic Development and Tourism that was registered to the General Commercial Registry (G.E.M.I.) on December 22nd, 2015 under the registration code number 481808,

• according to the 7/12/2015 decisions of the Repeated General Meeting of Shareholders of the acquiring SA., and the absorbed SA respectively,

• by the decisions of March 30rd, 2015 taken by the Boards of Directors of both companies for the transformation balance sheet dated on March 31rd, 2015

• the Articles 69-77 of Law 2190/20

• the articles 1-5 of Law 2166/93 and

• the notary act with reference number 21.703 dated on December 14th, 2015 drafted by Mrs Helen Katsafarou.

The same decision approved the amendment of Article 5 of the Statute of the company "NIREUS AQUACULTURE SA" (registered at G.E.MI with registration number: 007852901000) according to the decision dated on December 7th, 2015 taken by the Repeated General Meeting of Shareholders.

Specifically, the share capital of the NIREUS AQUACULTURE SA:

a) will be increased by the amount of the contributed share capital of the absorbed company SEAFARM IONIAN S.A. amounted to 12,952,331.20 euro after the cancellation of the shares that the acquiring NIREUS SA holds amounted to 3,477,588 euro; this is to say that the share capital will be increased by 9,474,743.20 euro.b) will be increased by the amount of 0.20 euro with the capitalization of reserves from the account "Difference from issuance of shares above par” , by issuing 31,582,478 new ordinary registered voting shares.

Following the above, the company's share capital will be increased to 87,183,889.20 divided into 290,612,964 common registered voting shares with nominal value of 0.30 euro each.

The company with new announcement will inform the Investment Community about the commencement of the trading regarding the new shares.

For further information, you may contact the Corporate Announcements Officer, Ms. Korina Melioti (via e-mail:

k.melioti@nireus.com / by phone: +30 2106698224)