Athens, 10 April 2012

Frigoglass S.A.I.C. (the "Company”) announces that, according to the Decision 63/4.4.2012 of the Research Director of the Hellenic Capital Markets Commission (the “Decision"), Eurobank EFG Equities was appointed as the member of the Athens Stock Exchange that will sell 2.368 fractional shares, which were derived by the share capital increase approved at the Annual General Meeting of the Company on 31 May 2011.

According to the Decision, the sale of the aforementioned fractional shares will take place on Tuesday, 8 May 2012, in line with the procedure provided in article 2.3.6 of the Regulation of the Athens Stock Exchange.

The opening price for the sale of the shares cannot be lower than two percent (2%) to the closing price of the previous trading date. The proceeds from the sale of the shares will be deposited to the Hellenic Loan and Consignment Fund (“HLCF”) in order the shareholders to collect the amount they are entitled. The results of the sale of the shares and the procedure required for the collection by the beneficiaries of their portion of the proceeds from the HLCF will be made known by a new announcement of the Company.

ENQUIRIES
Company Contact
John Stamatakos
Investor Relations Manager
Tel: +30 210 6165767
E-mail: jstamatakos@frigoglass.com