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AEGEK S.A.

The company notifies that on Tuesday, 19 September 2006, an agreement for the implementation of "Water supply Rhodes from Gadoura dam was signed. Construction of remaining dam projects and works for transportation conductors and refineries."

September 20, 2006 AEGEK notifies that on Tuesday, 19 September 2006, an agreement for the implementation of "Water supply Rhodes from Gadoura dam was signed. Construction of remaining dam projects and works for transportation conductors and refineries."

The main contractor is Hellenic Ministry for the Environment , Physical Planning & Public Works and the deadline for its completion is 39 months from the date the aforesaid contract is signed.

The project concerns the remaining works for the completion of earthen part of Gadoura Dam and relevant projects, as well as the construction of the conductor for water transportation from the dam until the installations of water treatment of 9 km.

The budget of the project amounts in 53.697.210,61 Euro (VAT excluded) and has been undertaken totally by AEGEK.



For further information, please contact: Mr. Pantelis Skarmoutsos, Financial Manager at Aegek SA, 18-20 Amarousiou Chalandriou, Marousi 15125, Athens, Greece, tel: (+30)210-6306000 fax: (+30)210-6306136, or Mr. Nicolas Bornozis, President at Capital Link, Inc., tel (212) 661-7566 fax: (212) 661-7526. This and additional information can be accessed at Aegek's website www.aegek.gr, or Capital Link's website www.capitallink.com.

     




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