The Board of Directors of the company ALMA-ATERMON S.A. informs the investing public the following:

The Shareholders' Extraordinary General Meeting of the company, which convened on 30.12.2005, decided, inter alia, the increase of the par value of each share, i.e. from EUR 0.30 to EUR 0.90 with a simultaneous decrease of the total number of existing shares, i.e. from 64,146,200 to 21,382,067 common registered shares (reverse split), in terms of: 1 new share for every 3 old shares and the simultaneous share capital increase by EUR 0.30, through the capitalization of reserves (for rounding up the number of shares) and consequently, the relevant modification of the company's Charter.

After the above, the share capital of the company amounts to EUR 19,243,860.30, divided into 21,382,067 shares of a par value of EUR 0.90 per share. Also, the ministerial decision which approved the modification of the relevant article of the company's Charter was registered in the Official Register of Societes Anonymes on 23.01.2006.

Moreover, the ATHEX Board of Directors, during its session of 09/02/2006, approved the introduction for trading on the ATHEX of the above 21,382,067 new shares of a par value of EUR 0.90, in replacement of the existing 64,146,200 common registered shares.

Furthermore, the Board of Directors of the company decided that 14/02/2006 will be the last day of trading on the ATHEX of the 64,146,200 existing common registered shares of the company. As of the next working day, i.e. 15/02/2006 and until 21/02/2006 the trading of the company's shares will cease temporarily with a view to complete their replacement, according to the information mentioned above. The trading of the 21,382,067 new shares on the ATHEX under their new par value of EUR 0.90 per share will begin on 22/02/2006. As of the same date, the opening price for the trading of the company's shares on the ATHEX will be determined according to the ATHEX Regulation.

For further information, Messrs. Shareholders may contact the company's Shareholders' Service Department at (+210-75.72.800, contact person: Mrs. Ioanna Theodorogiannis) or visit the web sites of the company (www.almaatermon.gr) and the ATHEX (www.ase.gr).