From Macedonia International News Agency (follow link for more and picture of the terrifying shark):

The Serbian hero was too drunk to remember what had happened, though one of his friends who witnessed the incident explained it all for the Belgrade based media. Dragan Stevic was dubbed by the Egyptian media as “Shark El Sheikh” and thanked him for saving their tourist season.

Milovan Ubirapa, one of Stevic’s friend who witnessed the incident explained that Dragan had decided to go to the beach for a swim after a long night of drinking. As Dragan and his friends approached the beach, he saw a fairly high positioned jumping board utilized earlier in the day by divers.

“Dragan climbed on the jumping board, told me to hold his beer and simply ran to jump. There was no time for me to react or to try to stop him, he just went for it” says Milovan. “Dragan jumped high and plunged down to the sea, but didn’t make as much splash as we thought he would”, explained Milovan.

The reason could be because Dragan Stevic ended up jumping straight on the shark which was lurking near the beach, probably looking for its next victim. Dragan had nailed it right in the head, killing it instantly. The Egyptian police found the shark washed out on the beach that morning (pictured above).