We inform you that on 29/09/2006 the resolution 7979/29.09.2006 of the East Attica Self-Government Prefecture was registered in the Societe Anonyme Registrar, which approved the separation of the sector of production, trade, imports, exports, wholesale & retail sale & assembly of any accumulator (battery) type, defense industry systems, autonomous energy systems & production of cables & telecommunication materials of GERMANOS SA, together with the related and pertinent with the above asset and liability items (including the participations of GERMANOS S.A. in the companies ADVENT S.A. and A.F.I.S. S.A.), and its offering to the company with the name SUNLIGHT SYSTEMS SOCIETE ANONYME INDUSTRIAL AND COMMERCIAL COMPANY OF DEFENSE, ENERGY, ELECTRONIC AND TELECOMMUNICATION SYSTEMS, with the distinctive title SUNLIGHT SYSTEMS S.A. and with registered offices in Agios Stefanos Attica.
In addition, we inform you that the sales of the following companies and activity sectors took place, the approval of which was provided by the relevant decision of the 1st Repeated General Shareholders Meeting of GERMANOS S.A. on 11/07/2006:
Α) Regarding the sale of the companies:
-GTI POLSKA Sp.Zo.o. at a price of 19,418,000 Euro and as a buyer the Cypriot company of Mr. Panos Germanos'' interests TOLLERTON INVESTMENTS LTD , based on the share sale agreement dated 27/09/2006.
-GERMANOS POLSKA Sp.Zo.o. (following its subsidiary T.C.M. Sp. Zo.o.) at a total price of 36,061,000 Euro and as buyer the company TOLLERTON INVESTMENTS LTD based on the share sale agreement dated 27/09/2006.
-GERMANOS TELECOM UKRAINE CJSC at a price of 6,780,325 Euro and as a buyer the company TOLLERTON INVESTMENTS LTD based on the share sale agreement dated 27/09/2006.
-SUΝLIGHT UKRAINE SRL at a price of 2,703,500 Euro and as a buyer the company TOLLERTON INVESTMENTS LTD based on the share sale agreement dated 28/09/2006.
-GERMANOS CYPRUS L.T.D. (following its subsidiary INFOTEL L.T.D.) at a price of 756,000 Euro and as a buyer the company TOLLERTON INVESTMENTS LTD based on the share sale agreement dated 27/09/2006.
-SUNLIGHT TRADING D.O.O. BEOGRAD at a price of 10,000 Euro and as a buyer the company TOLLERTON INVESTMENTS LTD based on the share sale agreement dated 28/09/2006.
-SUNLIGHT BATTERIES GMBH at a price of 25,000 Euro and as a buyer the company TOLLERTON INVESTMENTS LTD based on the share sale agreement dated 27/09/2006.
-LASE S.A. at the nominal price of shares that the company GERMANOS S.A holds namely 313,458 Euro and as a buyer Mr. Panos Germanos based on the share sale agreement dated 28/09/2006.
-EKONOMETRIΚA Ltd. at the nominal price of the company shares that GERMANOS S.A holds, namely 5,700 Euro and as a buyer Mr. Panos Germanos based on the deed numbered 1421/29/09/2006 of the Athens notary public Eleni Karkanopoulou.
- SUNLIGHT SYSTEMS S.A at a price of 52,082,000 Euro and as a buyer Mr. Panos Germanos based on the share sale agreement dated 29/09/2006. The buyer, Mr. Panos Germanos undertakes, in addition to the total liabilities of the sold company, loan(s) of total value of 25,000,000 Euro.
Β) Regarding the sale of the sector of batteries trade and related items:
- of Romania with seller the company GERMANOS TELECOM ROMANIA S.A., at a price of 2,493,000 Euro and as a buyer the company SUNLIGHT INDUSTRIAL SRL, which is 95% owned by the company TOLLERTON INVESTMENTS LTD and with Mr. Panos Germanos as a shareholder representing 5% of the shares, based on the sale agreement dated 29/09/2006 regarding the sector,
- of Bulgaria with seller the company GERMANOS BULGARIA AD, at a price of 700,000 Euro and as a buyer the company SUNLIGHT INDUSTRIAL EOOD, which is 100% owned by the company TOLLERTON INVESTMENTS LTD, based on the sale agreement dated 29/09/2006 regarding the sector.