The company announces that the 2nd Repetitive Extraordinary Shareholders' General Meeting dated 12.02.2007 resolved on the combined change in the company’s share capital, which comprises:

(i) increase of the share nominal value from Euro 1.20 to Euro 1.68 with respective share capital increase by Euro 51,851,101.44 through capitalization of part of the account “Reserves due to share issue” and simultaneously;
(ii) decrease of the share nominal value from Euro 1.68 to Euro 0.50 with respective share capital decrease by Euro 127,467,291.04;

(a) through counterbalance of the loss (reserves) due to transition to the first-time-adoption of the IFRS by the absorbed company EFKLIDIS, based on its transformation balance sheet as of June 30th 2005, to the amount of € 96,772,988.73 and;

(b) through counterbalance of part of the loss of the account “Results carried forward” of the absorbed company EFKLIDIS, to the amount of Euro 8,091,053.24 and of the loss of the account “Results carried forward” of the absorbed company METON S.A., to the amount of Euro 22,603,249.07, based on the their transformation balance sheets as of June 30th 2005 and simultaneously;
(iii) increase of the company's share capital by Euro 54,011,564.00 through cash payment and the issue of 108,023,128 new common voting shares of nominal value Euro 0.50 each, at the appropriation price of Euro 0.60 each and the participation ratio of one (1) new common share for every one (1) old common or preferred share. The difference between share issue and share nominal value (Euro 0.10) and Euro 10,802,312.80 in total shall be put, according to the Law and the Articles of Association, onto the reserves due to share issue.

As to the part of the company's share capital combined change resolved referring to the increase and simultaneous decrease of the share nominal value, with respective share capital increase and simultaneous decrease, the company's share capital is in between formed at Euro 54,011,564.00 while the number of shares remains invariable with the capital divided into 108,023,128 registered shares (whereof 104,828,128 are common shares and 3,195,000 are preferred shares) of nominal value € 0.50 each.

By virtue of its Resolution No K2-2305/22.02.2007 the Ministry of Development approved the amendment of Article 5 of the company's Articles of Association. Over its session dated March 22nd 2007, the A.S.E. BoD was informed of the above change in the company's share nominal value.

Further to the above, from March 28th 2007 and henceforth, the company's 108,023,128 shares (whereof 104,828,128 are common shares and 3,195,000 are preferred shares) shall be negotiable in the A.S.E. at the new nominal value of € 0.50 each.

The listing for negotiation in the A.S.E. of the new shares that will arise from the increase of the company’s share capital through cash payment shall be realized upon the completion of the procedures provided for by the stock exchange legislation.

Upon the completion of the above increase through cash payment, the company's share capital shall amount to Euro 108,023,128.00 divided into 216,046,256 registered shares, whereof 212,851,256 are common voting shares of nominal value Euro 0.50 each and 3,195,000 are preferred non-voting shares of nominal value € 0.50 each.