The company under the trade name HERACLES GENERAL CEMENT CO. announces that the Ordinary General Assembly of the Shareholders that took place on 30.6.2006 decided the increase of the company's share capital by the amount of 32,698,045.22 euros by the capitalization of:
a. part of the account "retained earnings" of the financial statements of the Company which have been written according to the international accounting standards. This amount corresponds to the reserves arising from real estate revaluation, in accordance with the provisions of Law 2065/1992, which have been registered to the tax books of the Company, amounting to 32.602.902,21 euros and
b. part of the reserve of Law 1828/1989 amounting to 95.143,01 euros.
The increase of the share capital will be completed with relevant increase of the nominal value of the share from 1,54 to 2,00 euros per share.
Further to the aforementioned increase, the company's share capital amounts to 142.165.414, 00 euros divided in 71.082.707 nominal shares, with a nominal value of 2 euros each.
The Ministry of Development with the ref. number Κ2-2336/16.2.2007 resolution approved the amendment of the related article of the company's Articles of Association. The Athens Stock Exchange's Board of Directors at its meeting on 7.6.2007 was informed about the increase of the nominal value of the company's shares.
Following the above, from 13.6.2007 the trading of the company's shares will be made under their new nominal value of 2 euros per share.
For further information the Shareholders may contact the Shareholder's Services Department (Ms. Maria Agourou, tel. 210 28 98 232)