ALPHA TRUST-ANDROMEDA S.A. announces that the First Repeat Extraordinary General Shareholders Meeting dated 2.8.2011 approved the company’s share capital decrease by the amount of euro 1,375,000.00 via cash payment to the shareholders of the amount of euro 0,05 per share, by equal decrease of the share’s nominal value from euro 1.71 to euro 1.66 each.

Furthermore, the First Repeat Extraordinary General Shareholders Meeting of 2.8.2011 approved the cancellation/deletion of 630.000 treasury shares of the Company according to article 16, par. 5 of Codified Law 2190/1920 and the corresponding decrease of the share capital.

The aforementioned 630,000 shares were purchased in the period from 14/10/2009 to 1/8/2011 in application of the decisions of the Company’s Extraordinary General Shareholders Meeting and Board of Directors dated 9/10/2009.

Following the above reduction, the Company’s share capital amounts to euro 44,604,200.00, divided into 26,870,000 ordinary registered shares, of a nominal value of euro 1.66 each.

By virtue of its decision Κ2-7633/30.8.2011, the Ministry of Development, Competitiveness and Shipping approved the amendment of article 5 of the Articles of Association of the Company.

ATHEX, in its session dated 5/9/2011 was informed about: a) the decrease of the nominal value of the Company’s shares and the cash payment to the shareholders of euro 0.05 per share and b) the cancellation/deletion of 630,000 treasury shares.

Based on the above, as of 9/9/2011 the Company’s shares will be traded in ATHEX at the new nominal value of euro 1.66 per share and ex-rights on the share capital decrease via cash payment to the shareholders amounting at euro 0.05 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 number 26 as in effect.

The beneficiaries of the aforementioned share capital decrease are all shareholders registered at the Dematerialized Securities Systems (D.S.S.) records of this listed company as at 13/9/2011 (record date).

Cash payment to the shareholders will start on 19/9/2011 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 of collection.
2. Via a deposit to their accounts at the “NATIONAL BANK OF GREECE”, provided 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 held in the Non-appearing Investors Records. Cash collection through the branch network of “NATIONAL BRANCH OF GREECE” is possible only upon submission of the ID card and a printout of their Investor Share Code in D.S.S. The collection of the cash payment by a third person is possible only if the bearer has a written authorization with full details both of the beneficiary shareholder and the authorized person (full name, father’s name, ID No. & Tax No), with the signature of the beneficiary certified by the Police or other competent Authority. Two (2) years after the starting date of the cash payment to the shareholders, i.e. from 18/9/2013, the cash payment will be collected only at company’s offices, (21, Tatoiou str.14561 Kifissia).

As of 16/9/2011 treasury shares will be cancelled and deleted from ATHEX.

For any further information, please contact our Investor relations department (Ms Konstantina Ganetsou, tel. +30 210-6289200).