In response to the letter with prot. no. 15383/07.05.2008 of the Athens Stock Exchange S.A. (hereafter the "Athex") in relation to the achievement of agreement on the sale of a majority stake of shares in the company "NEOCHIMIKI S.A." (hereafter the "Company") the Company, pursuant to articles 281, 285 and 302 of the Athex Regulation, announces that the company GREEN BIDCO COMMERCIAL AND INDUSTRIAL S.A. proceeded today, on 09.05.2008, to the purchase of a majority stake in the Company acquiring in total above 73% of the total shares and voting rights of the Company, against payment of a consideration of 19 Euros per share.

In particular, 7,200,000 shares that correspond to the 20% of the total shares of the Company were purchased by Mr. Lavrentis Lavrentiadis pursuant to the relevant shares sale agreement dated 08.05.2008 between seller and purchaser while in relation to a percentage of above 53% a series of on-exchange block trades were realized.

The Company will proceed to new announcement to the investment public once it has received from GREEN BIDCO COMMERCIAL AND INDUSTRIAL S.A. information on the exact number of shares and voting rights that it has acquired and any other information that it would receive in relation to the said acquisition of the majority stake.

GREEN BIDCO COMMERCIAL AND INDUSTRIAL S.A. is a wholly owned subsidiary of the Carlyle Group. The Carlyle Group ("Carlyle Group" or "Carlyle") is a global private equity firm with $81.1 billion under management committed to 60 funds. Carlyle invests in buyouts, venture & growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $43.0 billion of equity in 774 transactions for a total purchase price of $229.3 billion.

The Carlyle Group employs more than 1,000 people in 21 countries. In the aggregate, Carlyle portfolio companies have more than $87 billion in revenue and employ more than 286,000 people around the world. For more information please see www.carlyle.com. The Carlyle Group has a significant track record of investment in the chemicals sector, including AZ Electronic Materials, a global supplier of electronic materials to the semiconductor and flat panel display industries, acquired in September 2004, and H.C. Starck, a German provider of specialty metals, advanced ceramics and electronic chemicals acquired with Advent International in January 2007.