In response to the Capital Market Committee's letter dated 26-3-08 which refers to an article published in Naftemporiki newspaper on 24-3-08 and following briefing it received by Mr. Lavrentios Lavrentiadis, the company announces that the content of his letter addressed to it on 1-2-08 still holds in its entirety ie that at times he has received offers for the sale of his participation in the company as well as for strategic cooperation regarding the company, and that however no decision has been taken on this matter until today.

Mr Lavrentios Lavrentiadis' line of decision making always seeks to safeguard the company's normal flow of operations as well as the best interests of its employees and shareholders. Finally, in case of significant information flow that should be publicly released pursuant to Stock Exchange regulations, he will inform the company and the investor community in the appropriate manner, as he has done until today.