March 3, 2006 FANCO S.A. announces that the trading n the Athens Exchange of 1,099,000 new common nominal shares arising from the share capital increase by 329,700.00 Euro, due to the conversion of 1,099,000 bonds into 1,099,000 shares, from the Company's Convertible Bond Loan (C.B.L.), issued on 12/28/2005, of nominal value 329,700 Euro, divided to 1,099,000 bonds, with conversion price at 0.30 Euro per share commences on Thursday March 9, 2006, according to the resolution of the Second Repeat Shareholders' Extraordinary General Meeting on 4/20/2005 and Board of Directors' decision on 1/30/2006.
The above mentioned share capital increase, which does not constitute a direct amendment of the Corporate Charter, was approved by the Company's BoD on 1/31/2006, in application of the above mentioned General Meeting resolutions and was recorded in the Societe Anonyme Registry by the announcement number K2-1946/2.8.2006.
The ATHEX BoD, during its session on 3.2.2006 approved the listing of the above 1,099,000 Company's new common nominal shares, as a result of the bond conversion into shares.
By decision of the Company's BoD, the above new shares will start trading on the ATHEX on 3/9/2006. As of the same date, the starting price of the Company's shares on the ATHEX will be set according to the ATHEX Regulations and the new shares will be credited in the beneficiaries' accounts with the Dematerialized Securities System (D.S.S.).
