The company "NEOCHIMIKI S.A." (hereafter the "Company"), notifies, according to the provisions of article 10 par. 1 of the L. 3340/2005 and the article 2 of the resolution of the Board of Directors of the Capital Market Commission 3/347/12.07.2005, the resolutions taken by the Board of Directors of the Company at its session on 07.05.2008, according to the provisions of the c.l. 2190/1920, of the Articles of Association and the article 3 of the L.3016/2002, following Mr. Lavrentis Lavrentiadis' resignation on 09.05.2008 as Chairman, Executive Member of the Board of Directors and Managing Director of the Company.

1. Mr. Evaggelos Lolas, son of Vasilios, was elected as new Member of the Board of Directors in substitution of the resigning member of the Board of Directors Mr. Lavrentis Lavrentiadis for the rest of the term of the Board of Directors, namely until 13.06.2011. The election of Mr. Evaggelos Lolas will be ratified, according to the provisions of the c.l. 2190/1920 and the Articles of Association of the Company by the next General Meeting of the Shareholders of the Company. 2. The Board of Directors has been formed as follows, electing new Chairman of the Board of Directors, Vice - Chairman of the Board of Directors and Managing Director of the Company; at the same time the executive and non executive members of the Board of Directors were appointed, pursuant to L. 3016/2002, as follows:

(1) Panayotis Damilakos, son of Vrasidas, Chairman of the Board of Directors and Non-Executive Member.

(2) Aristotelis Charalampakis, son of Ioannis, Vice - Chairman of the Board of Directors and Independent Non-Executive Member.

(3) Konstantinos Moutsos, son of Andronikos, Managing Director of the Company and Executive Member.

(4) Evaggelos Lolas, son of Vasilios, Non-Executive Member of the Board of Directors.

(5) Nikolaos Karantanis, son of Konstantinos, Independent Non-Executive Member of the Board of Directors.

The term of office of the above Board of Directors expires on 13.06.2011 and may be extended until the fist ordinary General Meeting following the expiry of its term.