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CARDASSILARIS & SONS - CARDICO S.A.
Announcement

April 6, 2006

Kardasilaris & Sons - CARDICO S.A. would like to inform investors that the recent negotiations with COCA COLA HBC, concerning a possible cooperation agreement between the two companies, although conducted under ideal circumstances, was terminated following the realization that each company had a different understanding of the terms "cooperation agreement". Cardico extends its appreciation to COCA COLA HBC for its interest in reaching a cooperation agreement and also thanks the company for conducting the negotiations in an admirable manner. We would like to assure investors that CARDICO S.A. is focused on maintaining and extending the company's leading position within its sector by tenaciously enhancing the strength of its brand. This, in turn, will further the company's and investors' best interests.




     




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