The Company announces that the Extraordinary General Meeting of Shareholders was held on 24/07/2008, and was attended by 5 shareholders, either in person or by proxy, representing 29.053.621 common nominal shares out of a total 43.948.600 shares, i.e. 66,11% of the paid up share capital. The shareholders unanimously approved the following:

A) The increase of the number of BoD members from seven to nine.

B) The election of the new Board of Directors which was formed into a body during its 1st meeting on 24/7/2008, as follows:

1. Theodoros Kiakidis, son of Theophilos, President, non-ex. member.

2. Michael Panagis, son of Neoklitos, Vice-president and CEO, ex. member.

3. Aggelos Plakopitas, son of Nikolaos, non-ex. member.

4. Konstantinos Gklavas, son of Hristos, non-ex. member.

5. Konstantinos Gianniris, son of Ioannis, independent non-ex. member.

6. Menelaos Tassopoulos, son of Athanasios, independent non-ex. member.

7. Eva Paraskevopoulou, non-ex. member.

8. Mavroidis Aggelopoulos, son of Stylianos, non-ex. member.

9. Dimitris Pazaitis, son of Ioannis, non-ex. member.

The members of the above Board of Directors were elected for a three-year term ending on 23.7.2011. However, in accordance with the provisions of law and the Company's Articles of Association, this term may be extended until the next General Meeting and to four years the most. There were no other announcements or issues to be addressed.