The Board of Directors of "ALFA-BETA" VASSILOPOULOS S.A. decided the commencement of the procedures for the merger of the Company with its subsidiary P.L. LOGISTICS CENTER - DIANOMES - APOTHIKEFSIS - LOGISTICS - SOCIETE ANONYME, according to the provisions of article 78 of C.L. 2190/1920 and of L.2166/1993.

The merger will bring to the Company in the years to come operational and financial benefits through a more rational and effective organization and coordination of its supply chain. Moreover, through the further enhancement of the centralization of purchases, better and more beneficial commercial agreements will be achieved.

It is noted that 31/03/2008 has been set as the transformation balance sheet date.