The companies BALLIS CHEMICALS S.A. ("BALLIS") and "LAMDA DETERGENT S.A.", subsidiary company of NEOCHEMIKI L.V.LAVRENTIADIS S.A. by 84.62%, for its own behalf and its parent company, jointly announce the agreement of the following: a) The principal shareholders of BALLIS, Messrs. Konstantinos Ballis and Ekaterini Papadopoulou, holders of 3,203,892 and 2,400,660 shares, respectively (of the total number of 8,021,760 shares of the company) will transfer to LAMDA DETERGENT the total number of their shares, at EUR 0.90 per share, b) Mr.Konstantinos Ballis will purchase 218,000 shares (on the total number of 11,000,000 shares of the company) of LAMDA DETERGENT, with NEOCHEMIKI as seller-shareholder, at EUR 7.57 per share, c) Mrs. Ekaterini Papadopoulou will buy 218,000 shares (on the total number of 11,000,000 shares of the company) of LAMDA DETERGENT, with NEOCHEMIKI as seller-shareholder, at EUR 7.57 per share, d) The companies BALLIS and LAMDA DETERGENT will proceed with the merger of the two companies through the acquisition of the latter by the former. The merger of the two companies by acquisition of LAMDA DETERGENT from BALLIS creates significant synergies for the production activity of the companies in question. In particular, both companies will have the chance to expand their production activity in the professional chemicals and detergents' sector, whereby BALLIS has a strong know-how.