The Board of Directors of the company SPIDER METAL INDUSTRY N.PETSIOS & SONS S.A. informs the investing public that the Shareholders' Extraordinary General Meeting of the company held on 15.11.2005 approved, inter alia, its share capital decrease by the amount of EUR 455,277.00, with a respective decrease of the total number of shares, i.e. from 30,400,000 to 29,060,950 common registered shares due to the cancellation of own shares, in accordance with Article 16 of Codified Law 2190/20, due to the elapse of their existing holding period (three years). More specifically, the above-mentioned 1,339,050 shares were bought during the period from 02/12/2002 until 24/03/2003, in implementation to the resolution of 15/11/2002 of the company's Shareholders' General Meeting. After the aforesaid decrease, the share capitalof the company amounts henceforth to EUR 9,880,723 divided into 29,060,950 common registered shares of a par value of EUR 0.34 each. Also, on 22.11.2005, the relevant decision of the Minister of Development, which approved the modification of the pertinent article of the company's Charter was registered in the Official Register of Societes Anonymes. Moreover, the ATHEX Board of Directors, during its session on 20/12/2005 was informed about the said share capital decrease due to the cancellation of the company's shares. Based on the above, as from 27.12.2005 the1,339,050 shares that were cancelled ceased trading on the ATHEX. For further information, Messrs. shareholdres may contact the Shareholders' Customer Service Department (Contact person: Mr.Spyros Lolis, tel.+0030 26510-25514).