ELLAKTOR S.A.

Announcement

In continuation of the company''s announcement published on March 20, 2007, relating to a presentation to institutional investors, in Milan Italy, we wish to clarify that a part of the said presentation, referring to company''s sales and results estimates, was inaccurately interpreted by some members of the press.
More specifically, although the part in question explicitly indicated that the estimates presented are out-of-date figures based on a provision made in the past, it was nonetheless interpreted as an updated confirmation of current standing.