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F.G. EUROPE S.A.

FG Europe announces completion of stock transfer of AIOLIKI KYLINDRIAS S.A. to its subsidiary company R.F. ENERGY S.A

April 27, 2007

According to PD 350/1985 Article 5 - par. 5a the Board of Directors of F.G. EUROPE SA informs that the transfer of the shares of the 99,7% subsidiary company EOLIKI KYLINDRIAS S.A. to the subsidiary company of the Group, R.F. ENERGY SA was finalized. The Board of Directors of R.F. ENERGY SA, in which F.G. EUROPE SA participates with 40%, decided the share capital increase of Euro 5 million through cash injection that will be covered by the existing shareholders according to their holding percentage in the share capital of R.F. ENERGY SA. The increase was assessed necessary to finance the investments for the development of the wind parks through the subsidiaries KALISTI ENERGIAKI SA and EOLIKI KYLINDRIAS SA.




     




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