Following resolution of the Annual General Meeting of the Shareholders of ELVAL, S.A., dated June 13, 2007 the dividend for the year 2006 amounts to Euro 0,04 per share. The beneficiaries of the dividend are the owners of the Company's shares at the end of the session of the Athens Exchange (A.E.) on June 28, 2007. From June 29, 2007 the Company's shares will be negotiated in the A.E. without the right to the 2006 dividend. The dividend will be paid following the new procedure, as determined by the art. 329 of the A.E. Regulations, and the art. 39 of the Central Securities' Depository Regulations. The payment of the dividend will start on July 6, 2007 and it will be effected through the network of the ALPHA BΑNK branches, until the end of the year, as follows: 1) To the accounts operators (custodian banks and brokerage companies) of the beneficiaries shareholders, in the case that the right to collect the dividend is granted to them. 2) To the shareholders themselves, in the case the pertinent authorization to an accounts operator has been revoked or not granted at all. For the collection of the dividend the above beneficiaries should present at the ALPHA BANK branches their Id. Card and the relevant certificate issued by the D.S.S. 3) The collection of the dividend by another person can be effected following the presentation of the above, as well as of a relevant authorization, duly signed by the beneficiary and certified accordingly by a competent Authority. After the expiration of the above mentioned time limit, the payment of the dividend will be effected only at the Company's offices (57th km of the Athens Lamia N.R., Oinophyta, Beotia, P.C.: 32011). For further information the shareholders can contact the Company's Investors Relations Department, phone No 210 6861 111, at working days and hours.