After the company's announcement on June 15, 2007 and in accordance with Decision No 33/430/6.6.2007 of the Capital Market Commission, CORINTH PIPEWORKS SA is informing the investing public that on June 25, 2007, 4,690 paper registered shares that were not submitted for dematerialization, were liquidated. In specific: 4,690 registered shares were liquidated at 6.12 euro per share and the total product of the liquidation amounted to 28,702.80 euro. EFG EUROBANK SECURITIES SA which arranged the said liquidation as the designated member of the Athens Exchange, will proceed with the deposit of the liquidation product net of all expenses and taxes, which amounts to 28,355.50 euro, to the DEPOSITS and LOANS TREASURY for the account of all beneficiaries at the latest seven (7) working days after the liquidation date. The Company will inform by mail all eligible shareholders regarding the collection process, as well as the necessary documentation for this collection. For more information please contact the company's Shareholders Services division at (tel) 210-6787680 or email: grouselis@cpw.vionet.gr.