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ALUMIL MILONAS S.A.
Announcement

October 23, 2006 ALUMIL MILONAS administration proceeds - given multiple relative reasons the last months - into decisive denials relatively with the rumors reappearing recently, regarding ALUMIL group acquisition from a large industrial group. Particularly, commenting on the press release of the financial newspaper KERDOS, column "KERDOSKOPTIKÁ", on the 20-10-2006, ALUML administration explicitly denies the rumors, considering them unreal. Alumil Information: Mr. Apostolos Papadopoulos-Almeida (IR officer), Tel. +30 2310 555405, + 30 23410 79480, Fax: +30 2310 555425, E-mail: Investors@Alumil.com



     




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