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M. J. MAILLIS S.A.

Announcement

April 1, 2008

The Management of the Company is concerned with the significant decline of its share price, during yesterdays trading, due to several press commentaries, which however have already been officially rejected.

We feel it is our duty, to suggest to our shareholders to be very careful with isolated press commentaries and to evaluate all available information including official press releases of the company. Significant reduction in share price can be objective of desirable undervalued trading which is in conflict with the best interests of our shareholders.



For further information, please contact: our Group's Investor Relations Department tel. +302106285000 or e-mail investor.relations@maillis.gr.

Distributed by Capital Link Inc. in New York at (212) 661-7566. (Mr. Nicolas Bornozis, President). This information can be also accessed at M.J.Maillis' website at www.maillis.gr, or in Capital Link website at www.capitallink.com with historical company news.


     




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