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FRIGOGLASS S.A.I.C.

Update of participation percentage

February 7, 2008

Frigoglass S.A.I.C.informs the investment community of the updated shareholder base after having been informed by Piraeus Bank and BOVAL S.A.

1) Piraeus Bank does not hold any percentage of shares above 5%

2) BOVAL S.A. shareholding comes up to 44,085%. That percentage hasn?t change since 1.1.2001.

For any further information please contact Lillian Philips, Investor Relations Manager, tel.: 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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