June 30, 2008 The Company announces that the Company's Ordinary General Meeting of Shareholders was held on Monday 30th June 2008 and was attended by 38 shareholders, either in person or by proxy, representing 29.422.479 shares out of a total 43.948.600 shares, i.e. 66,9475% of the paid up share capital. The shareholders adopted the following resolutions:
1. Unanimously approved the Annual Financial Statements (Corporate and Consolidated) for the year 2007 (from 01.01.2007 to 31.12.2007) and the relevant Report of the Board of Directors and the Certified Auditor's Report. Unanimously approved the discharge of the members of the Board of Directors and the Auditor from any liability for damages for the fiscal year 2007.
2. Unanimously approved the remuneration received by the members of the Board of Directors during the fiscal year 2007 and pre-approved their remuneration for the year 2008 and the 1st semester of 2009.
3. Unanimously elected M. Stavros Papandonis, Reg. No. 14331, as ordinary auditor, and M. Georgios Batsoulis, Reg. No 14001, as substitute auditor from the Certified Auditors Accountants Company Protypos Hellenic Auditing Company SA, Reg. No 111, and unanimously approved their fees for the year 2008.
4. Unanimously approved to grant permission, in accordance with article 23, par. 1, of Codified Law 2190/20, for the participation of the Company's Board of Directors members and managers in the Boards of Directors or the management of companies pursuing the same or similar goals.
5. Unanimously approved the modification of a share allocation plan for BoD members, the company’s staff and the Group companies, as well as for persons constantly providing services to the Company and its related companies in accordance with art. 42, par. 5, under the form of a stock option plan established by virtue of the Company's Shareholders General Meeting resolution dated 13/7/2007 (Stock Option Plan)
6. Unanimously approved the acquisition, through the Athens Stock Exchange, of the Company's own shares, in accordance with art. 16, par. 1 & 3, of Law 2190/1920, amounting up to 550.000 shares for the period 1/7/2008 - 31/5/2009, with a maximum price of Euros 3 per share and a minimum price equal to the share's nominal value, i.e. Euros 0,60 per share, aiming at their allocation through the aforementioned Stock Option Plan.
7. Unanimously approved the amendment and codification of the Articles of Association, and in particular a) of article 2 because of the transfer of the Company's seat b) the adaptation of article 5 because of the exercise of stock option rights during the years 2006 and 2007 c) of articles 6, 7, 10 to 41, as well as of any other relevant provision of the Articles of Association aimed at their harmonization with the provisions of Codified Law 2190/1920 Regarding Sociétés Anonymes and other provisions, as amended by Law 3604/2007, and the adoption for functionality purposes of soft law provisions.
8. No dividend will be distributed by the Company for the year 2007. There were no other announcements or issues to be addressed.
