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ALTEC S.A.

Replacement of Head of Accounting Department

January 26, 2007 ALTEC SA announces that Mr. Apostolos Saltas is undertaking Head of the Accounting Department in replacement of Mr. Dimitris Giannopoulos who has resigned.



For further information, please contact: Mrs. Emilia Kritikou, Group Investor Relation Manager, Altec Group of Companies, at tel: (3010) 687-2058, email: emy@altec.gr, or our international investor relations representative, Mr. Nicolas Bornozis, President/ Ms. Pamela O'Brien, Managing Director at Capital Link Inc., in New York at (212) 661-7566. This and additional information can be accessed in our website: www.capitallink.com

     




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