Mandatory PO by Sostrom Services to Xenos

Subject: Mandatory Public Offer to all shareholders of Xenos Travel Public Ltd

Sostrom Services Ltd, whose major shareholder is Mr. Cleanthis Demosthenous announces that acting in agreement with Grandwind whose major shareholder is Mr. Yiannos Cassoulides (the Offerors) proceeded with the purchase of 18,299,274 shares of Xenos Travel Public Ltd on 30/11/2009, which corresponds to 51.09% of its issued share capital. The transaction was carried out at the price of €0.01 per share. Formerly, the Offerors or the persons that are regarded as acting in agreement with them pursuant to the Public Offering Law 2007, N41(I)/2007 did not hold shares.

As a result and based on article 13 of the Law, the Offerors announce the mandatory public offer for the acquisition of up to 100% of the Company’s issued share capital at the price of €0.01 per share cash.

The issued share capital of the Company stands at €1,790,893 divided into 35,817,850 ordinary shares of nominal value €0.05 each.

The Public Offer is subject to the safeguard of all necessary licenses and approvals by the Securities and Exchange Commission. The Offerors will take all necessary measures for this.

Marfin CLR (Financial Services) Ltd acts as consultant of the Offerors within the framework of the Public Offer. Also, Marfin CLR (Financial Services) Ltd acts as Underwriter within the framework of KDP 96/2008 of the CSE.

The Offerors have taken all necessary measures with USB Bank Plc, which will provide the relevant certification that the Company has all necessary means to pay the proposed consideration.

Further information on the Public Offer will be included in the Public Offer Document, which will be prepared pursuant to the provisions of the Law and the SEC directives on the content of the PO Document.

This announcement is released pursuant to articles 6 and 13 of the Law, as well as Directive DPE 1/2007 of the SEC.