ALUMINIUM OF GREECE S.A. announces that, according to article 279 of the ATHENS EXCHANGE S.A. (ATHEX) Regulation, the General Shareholders Meeting of May 14, 2007, decided the distribution of a dividend for fiscal year 2006 of 1.20 Euros per share. After this decision and following the plan for intended corporate actions announced by the Company, entitled to this dividend are the shareholders who possessed Company shares at the end of the May 15, 2007, ATHEX session. Consequently, as of Wednesday 16 May 2007, Company shares will be negotiable at the ATHEX without a fiscal year 2006 dividend right. Payment of dividend will start on Thursday 24 May 2007 at the ALPHA BANK, according to article 329 of the ATHEX Regulation and article 39 of the HELLENIC EXCHANGES HOLDING S.A. (HELEX, former Hellenic Central Security Depository S.A.), as follows: 1. Through an account credit at ALPHA BANK S.A. bank for the shareholders who have authorized ALPHA BANK S.A. to collect their dividend. 2. Through the SAT operator, when the operator is not ALPHA BANK S.A., for the shareholders who have authorized their operator to collect their dividend. 3. Through the branches of ALPHA BANK S.A. for the shareholders who have asked their operator not to collect their dividend or who possess a special share account with HELEX (Hellenic Exchanges Holding S.A., former Hellenic Central Security Depository S.A.). In order to collect their dividend from the bank branches, shareholders should produce their ID card and declare their Investor Number in SAT. For more information, shareholders may contact the Company's Shareholder Service Department, 5-7 Patroklou Street, Paradisos Amarousiou 151 25, tel. +30 210 6877389, fax +30 210 6877400. Dividends not collected within five (5) years are transferred to the ownership of the Greek State.