Athens, May 8th, 2008

I. Kloukinas - I .Lappas SA announces:

Pursuant to Law 3556/2007 in combination with article 11of Decision 1/434/03/07/07 of the Hellenic Capital Market Commission, Mr Nikolaos Andrikopoulos, Legal Counselor , sold on 08/05/2008 1.700 ordinary shares of total value 10.820 €..The company has been informed by Mr Andrikopoulos according to the Law 3340/2005 (art.13).