ALPHA TRUST ANDROMEDA CLOSED END FUND announces that the Extraordinary General Meeting dated 24.10.2011 decided the share capital decrease by the amount of euro 26,870,000,00 via cash payment to the shareholders of the amount of 1.00 euro per share, and the corresponding decrease of the share's nominal value. Following the above, the share capital stands at euro 17,734,200.00 divided into 26.870.000 common registered shares of nominal value euro 0.66 each. 

The Ministry of Development, Competitiveness and Shipping, pursuant to its decision No. Κ2 8945/11.11.2011, approved the amendment of the respective article of the Company's Statues. On 17/11/2011 ATHEX was informed regarding the decrease of the nominal value of the company's shares and cash payment to the shareholders of the amount of 1.00 euro per share. 

Following the above, as of 23/11/2011 the company's shares will trade in ATHEX at the new nominal value of 0.66 euro per share and ex rights on the share capital decrease via cash payment to the shareholders amounting 1.00 euro per share. As of the same date, the initial share price in ATHEX will be adjusted in accordance to the Athens Exchange Rulebook in conjunction with ATHEX BoD's decision No. 26 as in effect. 

The beneficiaries to the total capital return are all shareholders registered at the Dematerialized Securities Systems (D.S.S.) records of this listed company as at 25/11/2011 (record date). 

Cash payment to the shareholders will be realised in two instalments and specifically at 0.65 euro per share and further on, in due time at the remaining 0.35 euro per share, following a new relative Announcement of the Company's Board of Directors. 

Cash payment of the first installment at 0.65 euro per share to the shareholders will start on 1/12/2011 through the network of "NATIONAL BANK OF GREECE" as follows:  

1.  To the accounts operators (Custodian Banks and Brokerage companies) of the beneficiaries shareholders, if they have the right for collection.

2. Via a deposit at their accounts with the "NATIONAL BANK OF GREECE" assuming these shareholders have declared this specific bank as their Dematerialized Securities Systems (D.S.S.) operator.

3.  Via the branch network of "NATIONAL BANK OF GREECE" to those shareholders who did not request to collect from their operator or to those shareholders whose shares are being held in the Special Account of the Hellenic Exchanges or to those shareholders whose shares are maintained in the accounts of Non-Appearing Investor Share. In order for shareholders to collect the cash at the branch network of “NATIONAL BANK OF GREECE", they must submit their ID and a printout of their Investor Share Code in DSS. The collection of the cash payment by a third person is possible only if the bearer has written authorization with full details both of the beneficiary shareholder and the authorized person (full name, father's name, ID No. and Tax No.) with the signature of the beneficiary certified by the Police or other competent Authority. Two (2) years later the starting date of the cash payment to the shareholders, i.e. from 1/12/2013, the cash payment will be collected only at company's offices (21 Tatoiou str., 14561, Kifissia).

For any further information, please contact our Investor relations Department (Ms. Konstantina Ganetsou tel. +30 2106289200).