Minoan Regulatory News (MIN)

7 Nov 2008 16:08



7 November 2008

MINOAN GROUP PLC

("Minoan" or "the Company")

Appeal Hearing

The Company announces that, after three postponements, the Plenary Session of the Greek Council of State has today heard the appeal against the approval of the Environmental Terms for the development of the Cavo Sidero Project granted last year by the Greek Government. 

We are pleased that the hearing provided the legal teams of the six approving Ministries of the Greek Government, the Company, the Foundation, and the local communities the opportunity to rebut the objections.

Following translation of the public documents, a more detailed announcement will be made next week.

For further information visit www.minoangroup.com or contact: