Announcement of Material Participations

 

The Company with a view to assisting and keeping the investing public updated, announces information with regard to the obligation and the procedures for the announcement of material participations as per provisions of Law 3556/2007.

Pursuant to the law above from 30 June 2007 (effective date of law 3556/2007) and the latest within 3 months after that date i.e. till 30 September 2007, all persons holding a material percentage of voting rights (above 5%), shareholders or non shareholders, have to make an announcement to the Company and Hellenic Capital Market Committee with regard to the percentage of voting rights and the percentage of the shares they hold, unless they have already done so before that date pursuant to the presidential decree previously in effect 51/1992.

Moreover, pursuant to the above law each time a natural or legal person acquires or transfers voting rights of the Company, having as a result the percentage of the voting rights they hold to reach, exceed or descend the limits of 5%, 10%, 15%, 20%, 25%, 1/3, 50% and 2/3 of total voting rights, as well as all natural or legal persons having more than 10% of the total voting rights and who acquire or transfer voting rights resulting to a change of more than three percent (3%) from the voting rights they had announced at their last notification to the Hellenic Capital Market Committee; they have to make an relevant announcement to the Hellenic Capital Market Committee and the Company as soon as possible and in any case within three (3) trading days. For more information with respect to the persons subject to the above provisions as well as the procedures and time of notification one should refer to articles 9,10,12,13,14 and 27 of law 3556/2007, articles 4 to 9 of the decision no 1/434/3.7.2007 of the BoD of the Hellenic Capital Market Committee and circular no 33 of the Hellenic Capital Market Committee posted on www.cmc.gov.gr.

The Company as well as the Capital Market Committee are notified by a relevant notification letter (TR-1), a sample of which is posted on the Committee’s website at www.cmc.gov.gr, which is the competent body for the supervision over notification obligations. The notification letter should be completed justly according to the instructions stated and legitimately signed, that is either by the competent person itself or by an authorized person and in case the competent person is a legal one by its legal representative. The filling of the notification letter is the competent person’s obligation who bears responsibility for any mistake or omission.

The notification letter together with any relevant legal documents should be submitted:

(a) As far as the Company is concerned to the Company’s offices at 7 Alimou Ave., 17455 Athens-Greece, for the attention of the head of Corporate Announcements Department, Mrs Argiro Micha (tel ++30 210 9886187-91), during the working days and hours, labelled with the indication “notification of material changes in voting rights pursuant to Law 3356/2007”. For the convenience of shareholders, submission can be done by fax at ++30 210 9844529, together with a fax cover containing the sender’s information, its signature, a contact telephone number and the number of the pages sent or by e-mail at the electronic address a.michα@kiriacoulis.com together with a cover letter containing the sender’s information, its signature and a contact telephone number. The competent person should take care to ensure the successful sending and receipt by the Corporate Announcements Department.

(b) As far as the Hellenic Capital Market Committee is concerned, to the central protocol (1 Kolokotroni str. & Stadiou str. 105 62, Athens-Greece) for the attention of Directorate of Public Offerings and Supervision of Listed Companies, department of Supervision and Monitoring of Listed Companies, labelled with the indication “notification of material changes in voting rights pursuant to Law 3356/2007”. The submission can also be done by fax at ++30 210 3377243. In this case the letter should be accompanied by a fax cover containing the sender’s information, its signature, a contact telephone number and the number of pages sent. The competent person should take care to ensure the successful sending and receipt by the Protocol.

For more information shareholders can contact the head of Corporate Announcements Department, Mrs Argiro Micha during the working days and hours, tel. ++30 210 9886187-91.

Athens, 20 August 2007