CORPORATE GOVERNANCE

BOARD OF DIRECTORS OF GALAXIDI MARINE FARM S.A.

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Executive Members

1) Athanasia Sp. Panteleimonitou, Chairman & Managing Director, Businessman.

2) Alkis - Alkiviadis D. Vardis, Vice Chairman, Economist.

Non Executive Member

3) Alexandra Em. Condelli, Lawyer.

Non-Executive Independent Members

4) Anthipi X. Xioti, Lawyer.

5) Xristina D. Tsiara, Economist, Internal Audit Director.

The above members were elected according to the Annual 19^th General Meeting of Shareholders of the Company of 26.06.2007 resolution.