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ALAPIS S.A.

Announcement

March 16, 2009

ALAPIS SA informs that the Company Profile 2008, which is available on the company's website, contains a table on page 6, whose heading "100% subsidiary companies" has been removed, as it was mistakenly placed there, since the table on page 6 includes not only the 100% subsidiaries but also other subsidiary companies that are consolidated with different participation rate.

More specifically: SUMADIJALEK AD CACAK (68.25%), EPEIROPHARM PHARMAKAPOTHIKI SA (56%), PHARMAKAPOTHIKI ANDREAS CHRISTOFOGLOU SA (60%), PHARMAKEMPORIKI SA (50.82%), PHARMASOFT LTD (99%).

Moreover, please note that this heading does not exist in any other company's publication.




     




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