ΕΛΓΕΚΑ Α.Ε.

Distribution agreement between ELGEKA S.A.'s subsidiaries ELGEKA FERFELIS BULGARIA LTD and KIMBERLY-CLARK and ELGEKA FERFELIS ROMANIA SRL and SCHICK WILKINSON SWORD

ELGEKA S.A. announces to the public that its' subsidiary company ELGEKA FERELIS BULGARIA LTD on the 23rd of July, signed a three year agreement with the company KIMBERLY-CLARK, for the exclusive trade and distribution of the products HUGGIES (diapers for babies), KOTEX (pads, tampons), BOBI ABSORBA (Adult diapers) and KLEENEX (toilet paper, tissues, wet wipes) in Bulgaria, commencing from the 1st of August 2007. KIMBERLY-CLARK, is a leading global health and hygiene company and holds the No 1 or No 2 share position in more than 80 countries. Every day 1.3 billion people trust its products in more than 150 countries. The above mentioned agreement will benefit the turnover of ELGEKA FERFELIS BULGARIA LTD and consequently of ELGEKA GROUP by 1.000.000 Euros annually. There has also been a provisional agreement between ELGEKA' s subsidiary ELGEKA FERFELIS ROMANIA SRL and SCHICK-WILKINSON SWORD for the signing of a three year distribution agreement scheduled to commence from the 1st of August, that referes to the exclusive trade and distribution of SCHICK-WILKINSON SWORD s products (QUATTRO / XTREME 3 - razors, INTUITION / LADY PROTECTOR - woman' s shaving appliances etc). The company SCHICK-WILKINSON SWORD is part of ENERGIZER HOLDINGS Inc, and is the 2nd larger manufacturer of wet shave products in the world. The above mentioned agreement will benefit the turnover of ELGEKA FERFELIS ROMANIA SRL and consequently of ELGEKA GROUP by 2.000.000 Euros annually.