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FANCO S.A.

New Board of Directors

May 22, 2006 The Shareholders' Annual Ordinary General Meeting unanimously approved Mr. Nikolaos Georgakellos' election by the Board of Directors as new member of the Board at its 314A/5.3.06 meeting, in replacement Mr. Vassilios Theodoropoulos who resigned. Therefore, the composition of the Board of Directors is the following:

please click here to view the announcement in pdf format



For further information, please contact: Mr. Athanassios Margellos, Head of Investor Relations (Τel: +30 210-5708164),(E-mail: investors@klonatex.com), Mr. Ioannis Kalogeras, Communications & Public Relations Director (Tel. +30 210-5708030), (E-mail: press@klonatex.com) or with the Company at tel.: +30 210-5708000, Fax: +30 210-5708200. Website:www.fanco.gr or Mr. Nicolas Bornozis, President at Capital Link Inc. in New York at (212)661-7566. This and additional information can also be accessed on Capital Link's website.

     




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