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FRIGOGLASS S.A.I.C.

Distribution of Dividend for the Year 2005

June 9, 2006 The Annual General Assembly Meeting of "FRIGOGLASS S.A.I.C.", which took place on 9 June 2006, approved the distribution of dividend of 0.20 euro per share for the year 2005.

Holders of FRIGOGLASS shares at the closing of the Athens Exchange on 13 June 2006 will be entitled to receive the dividend. As of 14 June 2006, the Company’s share will trade ex dividend. The distribution of dividend will commence on 21 June 2006. The dividend will be paid in accordance with the new procedure specified by article 329 of the Athens Exchange and article 39 of the Central Securities Depositary. The dividend will be paid by EUROBANK as follows:

1. To the shareholders' operators (custodians - stockbrokers), provided that they have been authorised to collect the dividend.

2. Directly to the shareholders, through the network of EUROBANK branches, upon production of their police identity card and of their SAT account information, in the event that their portfolio is maintained at the Central Securities Depositary or that they have revoked the relevant authorisation to an operator for the collection of dividend. The collection of dividend by a third party (i.e. not a shareholder) is possible only if, in addition to the above documents, such third party produces an authorisation to collect the dividend on behalf of the shareholder, signed by the shareholder, with authentication of the shareholder's signature by a police officer or other competent authority.

For any additional information, shareholders are requested to contact the Company's Investor Relations Department at +30 210 6165757.



For further information, please contact: Frigoglass S.A.I.C. Lillian Phillips, Investor Relations, tel (+30 210) 616-5757, fax (+30 210) 619-9097, or tel (free of charge) 800-1139800 or Mr. Nicolas Bornozis, President at Capital Link Inc. in New York at (212)661-7566. This and additional information can also be accessed on Capital Link's website.

     




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