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ALUMINIUM OF GREECE S.A.
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Announcements
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May 25, 2006 ALUMINIUM OF GREECE S.A. (AoG) announces to its shareholders and the public that, following the General Shareholders Meeting decision taken on 16 May 2006 and in conformity with article 16 paragraph 5 of Codified Law 2190/1920, it will proceed to a buy-back of its own stock, up to a percentage of 4.949 of its registered share capital. Specifically, AoG will proceed to the purchase at the Athens Stock Exchange of 2,135,744 of its own shares maximum, corresponding to 4.949% of the company's actual registered share capital. The purchase will be effected either at once for the total number of 2,315,744 shares, or gradually over a period of twelve (12) months starting from the date of the General Shareholders' Meeting of 16 May 2006. The lowest purchase price was fixed by the Annual General Shareholders' Meeting of 16 May 2006 to five (5) euros per share and the highest purchase price to thirty (30) euros per share. In case of modification in the Company's share capital (i.e. with the issue of new shares, gratis or in cash), or with the change of the share's nominal value), the number of shares to be purchased as well as the highest and lowest purchase prices will be modified accordingly. AoG's Board of Directors is further authorized to determine the specific terms and procedure details of the share buy-back process, in the framework of the General Shareholders' Meeting decision.
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