Following its recent briefing by Mr. Lavrentis Lavrentiadis, "NEOCHIMIKI L.V. LAVRENTIADIS S.A." announces that Mr. Lavrentis Lavrentiadis, shareholder, President of the Board of Directors and CEO of "NEOCHIMIKI L.V. LAVRENTIADIS S.A.", on February 16, 2007, disposed 1,440,000 shares to foreign institutional investors, through a private placement, at a total amount of euro 29.980.800.
As a result, his stake in the company is reduced from 24% to 20%.