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ELLÉNIÊÉ TECHNODOMIKI TEB S.A.

Announcement of Important Event

September 24, 2007

The Company ELLINIKI TECHNDOMIKI TEB S.A. announces that it signed a contract between the company ATTIKI GAS SUPPLY COMPANY and the AKTOR ATE-ERGO ATE Joint Venture (AKTOR S.A 65%, ERGO S.A 35%) for the construction of supply networks and providing pipelines of natural gas for the Northeast and Central Attika, amounted of Euro 37.8 mil. Totally, the contract concerns the construction of 250km pipelines of natural gas. ,br>The AKTOR ATE-ERGO ATE Joint Venture intends to begin the project roughly in a month, expanding the natural gas network in the following territories of the basin: Kifissia, Ag. Paraskevi, P. Psichico, Athens, Galatsi, Melissia, Marousi, Chalandri, Cholargo, Papagou, N. Psixiko, N. Ionia, Irakleio, Pefki, N. Philadelfia, Chalkidona, Likovrisi, Metamorfosi (Municipalities are stated according to the order of volume construction).



For further information, please contact: Mr. Stergios Pitoskas, Investor Relations, Elliniki Technodomiki, at (3010) 699-6821 or fax at (3010) 699-6850, or Mr. Nicolas Bornozis, President, Capital Link Inc., in New York at (212) 661-7566. This and additional information can be accessed at Capital Link's website www.capitallink.com.

     




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