The company NEOCHIMIKI L.V. LAVRENTIADIS S.A. discloses that following the resignation of the members of the Board of Director Messrs. Theodoros Lytras and Evaggelos Lytras the members Messrs. Ioannis Minaggias and Harikleia Apostolopoulou were elected to their replacement. The new Board of Directors was formed into body on Monday July 3, 2006 and is as follows:

1. Lavrentios Lavrentiadis son of Vassilis, executive member, President and Managing Director of the company,
2. Grigorios Kyritsakas son of George, non-executive member, Vice-President of the BoD
3. Harikleia Apostolopoulou daughter of Gerasimos, independent non-executive member of the BoD (New member),
4. Ioannis Minaggias son of Dimitris, non-executive member of the BoD, (New member),
5. Smaragda Liarmakopoulou daughter of Dimitris, independent non-executive member of the BoD
The Managing Director, Mr. Lavrentios Lavrentiadis represents and binds the company by signing under the corporate name. The term of service of the new Board of Directors ends on 13/06/2011.