Athens, June 23rd, 2008

I. KLOUKINAS-I. LAPPAS SA announces the preparation of an Informative Memorandum, in accordance with the provisions of article 287 of the ASE Rulebook and the decision 33/24.11.2005 of the ASE BoD , regarding the spin-off process of its construction sector.

Such Informative Memorandum shall be available to investors on the Company’s website, www.klmate.gr, and the website of ASE, www.ase.gr, as well as in printed form, at the company’s premises, 3 Pasteur str. 11521 Athens.
For further information, you may contact the Company’s Shareholder Department, on business days and hours, tel. 210-6451591.