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ALAPIS S.A.
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Announcement
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December 29, 2008 Following the recent changes in its management team, the Board of Directors of Alapis SA (the "Company") in its meeting on 28.12.08 retained financial advisors (one of which will include Deutsche Bank AG, London Branch ("Deutsche Bank")) to assist the Company in: a) weathering through the current adverse international economic conditions, b) assessing its current strategic planning and c) evaluating potential strategic alternatives available to the Company, aimed at the best interests of its shareholders.In light of its strong current trading, Alapis management confirms its latest guidance for the fiscal year 2008 financial results; specifically the Company expects Turnover to range between euro 900 mil - euro 1 billion, EBITDA between euro 240 - euro 280 mil and Net income after tax and minorities earnings between euro 140 - euro 170 mil. Alapis will keep the investor community informed of any relevant developments and decisions of its Board of Directors, in line with its ongoing reporting requirements.
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