M.J.MAILLIS S.A. announces that the Board of Directors in its meeting of 30/08/2007, appointed Mr. Victor Papaconstantinou, Group CFO, as its new member, in replacement of Mr. Charalambos Stavrinoudakis. The Board also appointed Mr. Ioannis Kourouglos as Vice-Chairman of the Board. The new Board is organized as follows:

Michael J.Maillis: Chairman of the Board and Managing Director.
Ioannis M. Kourouglos: Vice-Chairman of the Board.
Victor K.Papaconstantinou: Executive Member.
Maria M.Maillis: Executive Member.
Sotirios N. Orestides: Independent - Non Executive Member.
Ilias P. Gounaris: Independent - Non Executive Member.
Lito A.Ioannidou: Independent - Non Executive Member.