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FRIGOGLASS S.A.I.C.

Announcement according to art. 9 par. 5 and 21 of Law 3556/2007

February 19, 2008

Frigoglass S.A.I.C. (the "Company") announces according to art. 9 par. 5 and 21 of Law 3556/2007 in connection with Decision No. 1/434/03.07.2007 of the Board of Directors of the Hellenic Capital Market Commission, that, after the completion of the share capital increase of the Company of an amount of Euro 134.989 following the exercise of stock options and the commencement of the trading of the 134.989 new ordinary shares of the Company which have been issued following the above share capital increase, the share capital of the Company amounts now to Euro 40.134.989,00, while the total number of voting rights amount to 40.134.989 and derive from a same number of ordinary shares of a nominal value of Euro 1 each.



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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