The company FOLLI FOLLIE S.A. announces that according to article 279 of the regulation of the Greek Stock Exchange and in accordance with the decision of the Annual General Shareholders Meeting on 14th June 2007, the dividend for the business year 2006 amounts to ? 0,12 per share. Entitled to the above mentioned dividend are shareholders of the company with a holding including the trading session of the Athens Stock Exchange on 04th July 2007. The dividend ex-date has been scheduled for Thursday, 05th July 2007. Hence after this date the company's shares are traded without a dividend right on the Stock Exchange. The deposit of the dividend will be done on 13th July 2007 from the paying bank Piraeus Bank S.A. under the following terms: 1. Through the agent or custodian at the system of dematerialized shares (S.A.T.) according to article 329 and article 39 of the regulation of the Stock Exchange (former central depository of Athens). 2. Through the network of Piraeus Bank for those shareholders who have requested an exemption from their agent or custodian at the S.A.T. 3. For those of the shareholders where the credit of the dividend through a custodian or an agent is for various reasons not applicable, the receipt of the dividend will be able from Monday, 19th July 2007 on through the network of branches of Piraeus Bank S.A.. The receipt of the dividend for case 2 and 3 is possible until 31-12-2007 and can be conducted through the presentation of the respective investors code at the central depository (S.A.T.) together with a valid identification card either personally or through a legally authorized representative. After the above mentioned date (31-12-2007) the payment of the dividend can be implemented only through the offices at FOLLI FOLLIE S.A. at the following address: 23rd kilometre Athens - Lamia highway, 14565 Agios Stefanos, phone: +30 210 6241000. For further information shareholders can address their queries to the Investor Relations department (Mrs. Irene Nioti, phone: +30 210 6241244).