Decisions of the 1^st Repeat Extraordinary General Shareholder's Meeting

The Company with corporate name "ALAPIS HOLDING INDUSTRIAL AND COMMERCIAL SOCIETE ANONYME OF PHARMACEUTICAL & CHEMICAL PRODUCTS" and the distinctive title "ALAPIS SA" (hereinafter the Company) announces that at the 1^st Repeat Extraordinary General Shareholders Meeting (EGM) which was held on 18.08.2011 a total of 76 shareholders representing 17,479,057 shares, equal to 35.65% out of a total company shares and voting rights, participated by attending either in person or via proxy holder, or by distance voting, in order to resolve on the following items of the daily agenda as reported at the shareholders invitation dated 11.07.2011, which was lawfully published on 12.07.2011:

AGENDA ITEMS

1. Revocation of the decision on the 3rd item of the daily agenda of the Extraordinary General Meeting dated 04.04.2011, that was resolved by the 2nd Repeat Meeting dated 26.04.2011, for the increase of the Company’s share capital by payment of cash, with pre-emption rights in favour of the existing shareholders and issuance of new common registered shares, for the grant of relevant authorizations to the Company’s Board of Directors and for the modification of article 5 of the Company’s articles of association.

New decision for the increase of the Company’s share capital by payment of cash, with pre-emption rights in favour of the existing shareholders and issuance of new common registered shares. Grant of relevant authorizations to the Company’s Board of Directors. Modification of article 5 of the Company’s articles of association.

2. Miscellaneous – notices.

In order to discuss and resolve on the first item of the daily agenda the law requires (article 29 of CL. 2190/1920) increased quorum, namely it requires 1/2 of the share capital. Usually as regards to increased quorum items, it is rather hard for public listed companies to obtain the required by law increased quorum, due to which the 1^st Repeat EGM did not achieve the required by law increased quorum and therefore the EGM did not proceed to discussing and resolving on the 1^st item of the daily agenda. This item will be discussed during the 2^nd Repeat Shareholders Extraordinary General Meeting that will take place on Monday 29.08.2011 at 09.00 a.m. at the Company’s headquarters, Aftokratoros Nikolaou str., No 2, pursuant to the Invitation dated 11.07.2011.

No other announcements were made during this meeting.

For any further clarifications, please contact our Investor Relations department

Tel: +30 213 0175056

E-mail: ir@alapis.eu