LOUIS
New findings for the shipwreck of “Sea Diamond”

NOV, 17.2008

Further to the announcement dated November 2, 2007 on the findings of a new mapping by the specialized company Akti Engineering in the area where “Sea Diamond” sunk, Louis plc announced that:

The Hydrographical Service of the Greek Navy, proceeded with a new mapping of the area and its findings confirm fully the findings of Akti Engineering. Specifically, the results of the measurements carried out by the Hydrographical Service confirmed that the reef against which “Sea Diamond” struck is 131 meters off the coast and not only 57 measures as it was erroneously mentioned in the official marine map. According to the same map, the depth is 18 – 22 measures and not 3.5 - 5 measures as it is indeed.

The aforementioned official findings vindicate the company’s views that based on the official map at that time, the itinerary that “Sea Diamond” followed at its approach to Santorini was “absolutely safe”, Louis plc announced.