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FRIGOGLASS S.A.I.C.

FRIGOGLASS S.A Announces Changes to the Board of Directors

November 6, 2006 After more than two years, Dimitris Krontiras has decided to resign from his position as Chairman of the Board of Directors of Frigoglass. His vast BOD experience and thorough understanding of both the global business environment and local cultures, contributed substantially to our company's dynamic growth. Moreover, his focused, practical and disciplined leadership during his tenure and sincere focus on the importance of human recourses, were a major source of inspiration for all of us and helped our entire company's team remain on the leading edge of performance excellence.

All members of the Board of Directors and Frigoglass management who had the privilege to work with him would like to extend a heartfelt thank you to Dimitris Krontiras for his invaluable contribution and wish him all the best.



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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