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ELLÉNIÊÉ TECHNODOMIKI TEB S.A.

Announcement for the purchase of own shares

January 22, 2008

On 21.1.2008 the Board of Directors of the company ELLINIKI TECHNODOMIKI TEB S.A. decided the start of the purchase of own shares according to article 16 par. 1 of c.l. 2190/1920, in application of the as of 10.12.2007 decision of the Extraordinary Shareholders General Meeting. The purchases will be conducted according to the terms of the European Commission Directive 2273/2003. The company is going to purchase own shares up to the amount of 10% of its share capital during the period from 24.1.2008 to 9.12.2009 and the price range is set between minimum 5.00 euro per share and maximum 15.00 euro per share.



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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