BABIS VOVOS INTERNATIONAL TECHNICAL S.A.

Comments on Press Article

BVIC S.A. announces the following:
With regard to today's article in the newspaper 'Kerdos' 'Vovos in discussions with Lehman Brothers for large scale property investments' the Company refutes that there are any discussions with Lehman Brothers regarding either joint ventures or the participation of Lehman Brothers in the share capital of the Company.