Greece: Attica Announces Sale of RoPax Superfast VI

Attica Holdings S.A. announces that it has contracted to sell the RoPax vessel Superfast VI to Genting Group for a total cash consideration of Euro 54mln.

The delivery of Superfast VI is scheduled to take place at the beginning of April 2013. Superfast VI will be replaced in the Patras-Igoumenitsa-Ancona route by another vessel of the Group’s fleet.

From this transaction, Attica Group is expected to book capital losses of approximately Euro 6.3mln which will appear in the company’s 2012 financial results. After the repayment of the bank debt and all other expenses, the remaining cash is expected to reach Euro 21mln approximately.

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Attica Holdings, March 12, 2013