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FRIGOGLASS S.A.I.C.

Frigoglass announces changes in the organizational structure

April 7, 2008

Frigoglass announces that Mr. Gerasimos Varvias assumes the duties of Nigeria Operations Director, replacing Mr. Vangelis Apostolakopoulos.

Mr. Varvias joined Frigoglass in 2006 as Commercial Director of Beta Glass Plc in Nigeria and holds an Engineering Degree in Electrical Engineering and Electronics from the North East London Polytechnic University as well as a MBA from the ALBA Business School.

Mr. Vangelis Apostolakopoulos has resigned from his position as Nigeria Operations Director for personal and family reasons in order to pursue other interests.



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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