According to article 278 of Athens Exchange and for the reliable and prompt communication with the investors, "ALFA-BETA" VASSILOPOULOS S.A. announces that on June 7, 2007 at 14:30 the Annual Ordinary General Meeting of Shareholders was held. On the total 12.732.720 shares and votes, 9.999.732 shares and votes i.e. 78,54% of total shares were either present or represented, out of which 9.543.391 (74,95%) shares were timely deposited and 456.341 (3,58%) shares were untimely deposited, that is a percentage permitting the General Meeting to resolve on all the items of the agenda. It is noted that 30 shareholders were present, while 11 shareholders were represented either by participants in person or by third parties. During the General Shareholders meeting the following items of the agenda were discussed and the corresponding decisions were taken:
1. Approval of the Annual Financial Statements in accordance with the International Financial Reporting Standards that have been adopted by the European Union for the period 1 January - 31 December 2006 after hearing the Report of the Board of Directors and the Report of the Chartered Accountant.
The Annual Financial Statements as at 31.12.2006, together with the corresponding reports of the Board of Directors and of the Auditors as well as the appropriation of net profit were submitted and approved. Moreover, the distribution of a dividend of 49 cents per share payable on May 21, 2007 through EFG EUROBANK ERGASIAS S.A. bank was approved. Those who are shareholders of the company after the end of the A.S.E. trading session on 12.06.2007 are entitled to receive dividends. Consequently, starting on June 13th 2007, which is the ex-dividend date, the shares will trade in the Athens Exchange without the right to dividend. Regarding dividend distribution, please refer to our specific anouncement on this subject, which is released today. Voted for: 9.999.732 (78,54%) Voted against: 0 Abstained from voting: 0.
2. Release of the members of the Board of Directors and the Chartered Accountants from any liability for the fiscal year from 01.01.2006 until 31.12.2006. The members of the Board of Directors and the Auditors were released from any liability for the fiscal year from 01.01.2006 until 31.12.2006. Voted for: 9.999.732 (78,54%) Voted against: 0 Abstained from voting:0 Abstained from voting:0 considering the fact that all the members of the board of directors and the employees of the company voted only by representing their own shares.
3. Election of Chartered Accountants for the audit of the fiscal year 2007 and arrangement of their remuneration. The audit company "DELOITTE Hatzipavlou, Sofianos & Cambanis S.A." and specifically Mr Mihail Hadjipavlou as regular Chartered Accountant and Mr Telemahos Georogopoulos as substitute Chartered Accountant were elected for the audit of the fiscal year 2007. Their remuneration for the fiscal year 2007 will be defined according to the procedure provided by the regulations of, par.5 and 6 of the article of L.2231/1994. Voted for: 9.999.732 (78,54%) Voted against: 0 Abstained from voting: 0.
4. Approval of the remuneration of the members of the Board of Directors pursuant to article 24 of Codified Law 2190/20 for the financial year 01.01.2007 - 31.12.2007. For fiscal year 2006, the total remuneration of 140.000 euro was approved for non-executive members of the Board of Directors and the total remuneration of 36.000 euro was approved for the independent non-executive members of the Board of Directors. For fiscal year 2007, the remuneration approved for the members of the Board of Directors cumulatively amounts to 314.000 euro maximum. Voted for: 9.999.732 (78,54%) Voted against: 0 Abstained from voting: 0.
5. Approval of the remuneration for the granting of services by Delhaize Group S.A. pursuant to article 23a of Codified Law 2190/1920. Pursuant to article 23a of C.L. 2190/1920 the General Assembly approved:
a. The payment of 123.038,61 euros additional to the approved for the provision of supporting services and technical assistance from Delhaize Group S.A. the Company during the fiscal year 2005.
Voted for: 9.999.732 (78,54%) Voted against: 0 Abstained from voting: 0.
b. The payment of 214.013,15 uros additional to the approved for the provision of supporting services and technical assistance from Delhaize Group S.A. the Company during the fiscal year 2006.
Voted for: 9.999.732 (78,54%) Voted against: 0 Abstained from voting: 0.
c. The payment of 3.891.672 euros maximum or the provision of supporting services and technical assistance from Delhaize Group S.A. the Company during the fiscal year 2007.
Voted for: 9.999.518 (78,53%) Voted against: 0 Abstained from voting: 214 (0,002%).
6. Ratification of Election of Member to the Board of Directors in replacement of Member that resigned. The replacement of the resigned Deputy Chairman B' and executive member mr Georgios Anagnostopoulos by mr Konstantinos Kyriakidis was ratified for the remaining period of his service. Voted for: 9.999.732 (78,54%) Voted against: 0 Abstained from voting: 0.
7. Amendment of article 2 "Object" of the Articles of Association. The General Meeting resolved not to discuss this item. Voted for: 9.999.732 (78,54%) Voted against: 0 Abstained from voting: 0.