Elmec Sport SA in compliance with the decision 5/204/2000 of the Hellenic Capital Market Commission, article 2, as it is currently valid, announces the following with respect to todays'' articles of daily newspapers:
1. MicroCom DOI, with registered office in Bucharest, Romania, has commenced the construction of a mall in the Romanian City Craiova. This mall will be named as "The Craiova Mall". It is being constructed in a plot of land of 60.000 m2 and will be aparted from four levels, that is one basement, one ground floor, and two levels more. The total area will be approximately 122.000 m2.
2. At the present time the demolition of the buildings currently sited takes place. These construction works are expected to end within 2009.
3. The total amount to be invested is approximately 80 million euro, including the current value of the plot of land.
4. Elmec Romania SRL, which is 100% subsidiary of Elmec Sport SA, will participate in this investment at least by 30%.
5. Elmec Romania SRL owns, among others, a plot of land of approximately 12.500 thousand m2 within the area of Otopeni, Bucharest, on the main road connecting the airport with the city of Bucharest, and is considering business plans for its'' commercial development without having set a final decision.
Furthermore, Elmec Sport SA declares that Elmec Sport Group of Companies, has currently 119 retail points of sale, 58 trading sports gear, 33 of which located in Greece, 20 in Romania and 5 in Bulgaria, 57 selling casual apparel, 40 of which are located in Greece, 16 in Romania and 1 in Bulgaria, and 4 retail points of sale selling women''s underwear bearing the trademark Women''Secret, 3 of which are located in Greece and 1 in Bulgaria.
Finally, it is a practice of Elmec Sport SA to publicly announce its estimates regarding the financial results of each fiscal year on the day the Annual General Meeting is held reviewing and approving the financial statements of the preceding fiscal year. Within this framework, the administration of Elmec Sport SA has already, since last June, made public its estimaties regarding the financial statements of the fiscal year of 2006. These estimates have not changed. Within the same framework the administration of Elmec Sport SA has not made any public announcements regarding its estimates for the financial results of 2008 and is not going to make any at the present time.