ELGEKA SA announces to the public that the Competition Commission with the 19th of July decision no 349/V/2007, has approved the acquisition of DIAKINISIS S.A. Warehousing-Distribution-Promotional Packaging by Logistics Service Hellas S.A. and therefore, on Wednesday the 25th of July, after the full payment, the transfer of the shares and the signing of the final act, the transaction will be concluded. With the completion of the acquisition, the merger procedure between the two companies will commence and the absorption of Logistics Service Hellas S.A. by DIAKINISIS S.A. will be realized. It should be reminded that according to the relative Information Memorandum that the Company sent on the 16th of July to the Athens Stock Market and the Capital Market Commission and which can be found at the company' s website www.elgeka.gr, the Self-Called extraordinary General Shareholders' Meeting of Logistics Service Hellas held on the 16th of June, decided the share capital increase by Euro 7.050.000,00 by issuing 235.000 new common registered shares with the nominal value of Euro 30,00 per share, in order to cover part of its obligation that derives from the realization of the acquisition of DIAKINISIS S.A.. The total amount of the acquisition according to the private agreement signed on the 11th of June, is Euro 44.000.000,00. Therefore our Company made a deposit of Euro 7.049.100,00 (The sum of 7.000.000,00 derived from a short term loan from a Credit Bank Institution) in order to participate to the share capital increase of Logistics Service Hellas by 99,99%. For the payment of the rest of the amount, the company Logistics Service Hellas S.A. signed a bridge financing agreement with a Credit Bank Institution for the amount of 37.000.000,00, and 18 months duration. The withdrawal will be realized on Tuesday the 24th of July 2007. The abovementioned bridge financing agreement is under the corporate guarantee of ELGEKA S.A., while for the assurance of the Credit Bank institution, the shares of the company DIAKINISIS S.A. will be pledged until the day of the merger with Logistics Service Hellas S.A.. The day of the merger, the pledge will seize.