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ELLÉNIÊÉ TECHNODOMIKI TEB S.A.

Issuance of Bond Loans

October 7, 2008

ELLAKTOR SA announces to the investment community, pursuant to paragraph (ic), article 2 of the Hellenic Capital Market Commission BoD decision 3/347/12.07.2005, that has proceeded with the issuance of a bond loan amounting to euro 40 million, with the option of gradual disbursement, in order to ensure financing of its investment requirements. The bond loan has 3-year maturity and it was issued in cooperation with GENERAL BANK OF GREECE SA. and ALPHA BANK SA. In addition, AKTOR SA, a subsidiary of ELLAKTOR has proceeded to the issuance of a bond loan amounting to euro 50 million, in order to restructure its current short term bank debt. The bond loan has 3-year maturity and it was issued in cooperation with COMMERCIAL BANK OF GREECE SA. and Emporiki Bank Cyprus Ltd.



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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