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FRIGOGLASS S.A.I.C.

Announcement

March 6, 2008

Frigoglass announces the following changes in the organizational structure:

1. The creation of Corporate Governance department headed by Mr. Dimitrios Kouniakis.

2. Upgrade of Pool Purchasing Department to Supply Chain, headed by Mr. Dimitrios Bostanis.

Mr. Bostanis is coming from TITAN CEMENT Co, S.A., PORCELAIN BRANCH IONIA where he held the position of Supply Chain Director since March 2006. During the period 2004-2006 he was Supply Chain Director of Alumil S.A.

Mr. Bostanis holds BSc Hons in Chemistry from the ARISTOTLE UNIVERSITY OF THESSALONIKI.



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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