The Board of Directors of Alapis S.A. (the Company) announces that the rights issue offered to existing shareholders by means of pre-emption rights, which was decided on 18/06/2007 by the extraordinary General Assembly and took place from 09/07/2007 until 23/07/2007, has been fully subscribed with a payment of a total amount of 817,166,850 euros and the issuance of 817,166,850 new, common, dematerialised and registered voting shares, each having a nominal value of 0.30 euro and a subscription price of 1.00 euro. The total amount of shares requested by those who exercised the pre-emption rights and those who exercised the oversubscription rights amounted to 1,104,533,616 corresponding to an amount of 1,104,533,616 euros in respect of 817,166,850 shares offered of an amount of 817,166,850 euros; the share capital increase was oversubscribed 1.35 times. In particular, a percentage of 99.81% of the total amount of the share capital increase was subscribed by the shareholders who exercised their pre-emption rights and a percentage of 0.19%, which corresponds to non-exercised rights, where disposed pro rata on the basis of the unsubscribed shares that have been requested in the context of the exercise of the oversubscription rights. During the oversubscription period, 288,883,746 of shares have been requested which correspond to an oversubscription of the unsubscribed shares 190.43 times and forming the satisfaction from oversubscription to a percentage of approximately 0.53%. Due to the oversubscription of the unsubscribed shares no underwriting took place. In light of the above, the share capital of the company will be increased to 245,150,055 euros with the issuance and distribution of 817,166,850 new, common, dematerialised and registered voting shares, each having a nominal value of 0.30 euro. The difference between the nominal value of the shares and the subscription price of the shares amounting in total to 572,016,795 euros will, after the deduction of the expenses in respect of the rights issue, be credited to the account Reserves from the issuance of shares above par. The new shares emanating from the share capital increase will be allocated in a dematerialised form to the beneficiaries' securities accounts held with the Dematerialised Securities System (SAT) as declared by them. The date upon which the new shares will be credited to the beneficiaries' accounts and the date of the trading of the new shares in the ATHEX will be announced with a new announcement by the Company. The amounts blocked by the beneficiaries, who oversubscribed for new shares, and have not been used for the purchase of the unsubscribed shares, will be released and returned to the beneficiaries, free of interest.