The company EUROPEAN RELIANCE S.A. announces, based on L.3556/2007 (art. 3 and art. 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that on January 25, 2008, the Vice President and Executive Member of the Board of Directors (bound person according to article 13 of Law 3340/2005), Mr. Nikolaos Charalampos Chalkiopoulos sold 4.000 common shares, with a total net value of Euro 9.994,96.