SFAKIANAKIS S.A.

Announcement

SFAKIANAKIS S.A. informs the public that on 29/06/2007 the auction of the three hundred eighty eight (388) company's shares that had not been dematerialized was successfully completed, according to the resolution 1/380/4.5.2006 of the Hellenic Capital Market Commission and the article 99A of the Athens Stock Exchange Regulation. The net outcome of the auction (after deducting expenses and taxes) is 8,989.10 Euro and it will be deposited at the disposal of the beneficiaries, in the Deposits and Loans Fund within seven (7) days from the date of the completion of the auction. After this procedure SFAKIANAKIS S.A. has only non-material shares. For any additional information, Company?s shareholders can contact the Company's Investor Relations Department, tel. 210-3499822 (Mr. George Iliadis).