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ALUMIL MILONAS S.A.
Corporate announcement for executives' employment

February 28, 2008

Alumil Administration announces two new executives' employment, to cover the developing needs of the listed Group: Mr. Ioannis Marantidis assumes the duties of the Internal Audit Supervisor. Mr. Marantidis is a graduate of the Business Administration division, University of Macedonia in Thessaloniki. He also holds the professional post-graduate diploma of the Greek Chartered Accountants Assosiation, as well as a post-graduate degree in Financial Economics of the University of Brunel, Great Britain. Previous employment record includes positions in Finance Administrations, Treasury and external Audit.

Mrs. Licimara Guimaraes, former Internal Audit Supervisor, operates now as a Business Advisor for International Operations. This position was created to cover the operational and functional needs of Group subsidiaries internationally.

Furthermore, Mr. Filoktimon Vakalis is employed as Investor Relations & Analysis Officer. He holds a bachelor in Financial Economics and a MA in Accounting and Finance from the Business School of Kingston Upon Thames, UK. Mr. Vakalis previously worked as an external Auditor.

Both Mr. Marantidis and Mr. Vakalis are expected to assist Group strategic targets' accomplishment.Mr. Ioannis Kleidonaris, has resigned from the position of Accessories Commercial Director. These operations are now embedded in the Commercial Administration, under the Direction of Mr. Lambros Yannouchos.

ALUMIL is ranked among the largest aluminium extrusion and profiles production private European group (No 1 in Greece since 2000) establishing production sites, large sales networks and warehouses for products targeting architectural & industrial use, shipbuilding, transportation, etc. With 26 subsidiaries, 20 of which are spread throughout Europe, Africa and the Middle East, ALUMIL offers production sites in four Hellenic industrial areas, Romania, Bulgaria, Serbia, Bosnia and Albania. ALUMIL has successfully infiltrated into 45 markets in Europe, the Balkans, the M. East and in the U.S.A. A significant competitive advantage remains its widespread sales network in Greece and in every client-country. Parent company was founded in 1988 and since 1998 is listed in the Athens Stock Exchange. Included eight times in GrowthPlus' Europe's 500, ALUMIL's Group sales surpassed 243 m. euros in 2006, while EBITDA exceeded 39.5 m. euros.




     




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