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ALAPIS S.A.

Annoumcement

November 3, 2008

The company ALAPIS ABEE (hereafter the "Company"), announces pursuant to article 14 of L. 3556/2007 and following notification it received on October 30th 2008 by COMMERZBANK AG, that on October 29th 2008, the said company proceeded to the sale of Company's shares, and as a result, its total number of shares fell from 51.512.744 and 5,25 % on the Company's total number of shares, below minimum threshold for notification and its total number of voting rights fell from 49.032.744 and 5.00% on the Company's total number of voting rights, just below minimum threshold for notification.




     




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