CORPORATE GOVERNANCE

MAJOR SHAREHOLDERS & SHAREHOLDER STRUCTURE

OF  "GALAXIDI MARINE FARM S.A."

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The major shareholders of Company's shareholder structure on December 31^st,2006 was as follows.

   Shareholder Name          Share Capital Held

• Athanasia Panteleimonitou,             58.9%

• Alexandra Condelli,                         5.8%

• Ioannis Condellis,                            5.8% and

• Other investors

   (less than 5% each),                      29.5%

                                       Total:     100.0%

The total number of the Company's shareholders was 2,896 on December 31^st, 2006 and the total company share capital was EURO 5,208,253.20 divided to 14,076,360 registered shares.