Following the recent briefing by Mr. Lavrentis Lavrentiadis, "NEOCHIMIKI L.V. LAVRENTIADIS S.A." announces that Mr. Lavrentis Lavrentiadis, shareholder, President of the Board of Directors and CEO of "NEOCHIMIKI L.V. LAVRENTIADIS S.A.", on February 12, 2007, disposed 3,600,000 shares at a total amount of euro 74,952,000 to foreign institutional investors, through a private placement by Sal. Oppenheim Bank and Piraeus Bank. As a result, his stake in the company is reduced from 34% to 24%.