Athens, January 18th, 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:

a) Mr Ioannis Kloukinas, President and CEO , bought on 17/01/2008 31.850 ordinary shares of total value 218.286,20 €.The company has been informed by Mr Kloukinas according to the Law 3340/2005 (art.13)

b) Mr Loukas Spentzaris , Executive member of the BoD , bought on 17/01/2008 22.640 ordinary shares of total value 153.817,40 €.The company has been informed by Mr Spentzaris according to the Law 3340/2005 (art.13)