FRIGOGLASS S.A.I.C.

INFORMATION CIRCULAR PURSUANT TO ARTICLE 4 PAR. 2 (f) OF LAW 3401/2005 REGARDING THE ADMISSION FOR LISTING OF THE COMPANY’S SHARES IN THE CONTEXT OF STOCK OPTION PLANS FOR THE COMPANY’S EMPLOYEES AND FOR THE EMPLOYEES OF ITS AFFILIATED COMPANIES

The company under the trade name “FRIGOGLASS S.A.I.C.” (the «Company»), inconnection with the annual implementation of the stock option plans that have been approved on 05.06.2009 and 14.05.2010 by its General Meetings (the «Stock Options»), informs the public on the final results of such implementation, including the exercise price and the number of the shares granted and to be listed on the Athens Exchange, as follows:

1. Out of the 491.213, 8.500, 179.330 and 192.835  Stock Options that were granted by virtue of the Company’s Board Resolution of 19.6.2009, 11.12.2009, 17.11.2010 and 03.01.2011 respectively to 35 employees of the Company and of its affiliates, 70.145 and 5.999 namely in total 76.144 Stock Options, were finally exercised and thus 76.144 new shares were granted.

2. The exercise price of the above stock options has as follows:

3. The payment of the respective share capital increase of the Company following the exercise of the above stock options amounting to Euro 22.843,20 was completed on 29^th June, 2011 and was certified by virtue of a decision of the Board of Directors of the Company on 29^th June, 2011 (the difference between the total issuing price of the new shares and their nominal value, i.e. the amount of Euro 300.209,72 has been credited to the special reserve account of the Company). The Ministry of Development proceeded, by virtue of its Decision number Κ2- 6518/19.07.2011 to the registration with the Companies Registry of the above information regarding the share capital increase of the Company and the certification of the payment of the said share capital increase.

4.  Following the above share capital increase, the share capital of the Company amounts to Euro 15,158,831.40 divided into 50,529,438 shares of a nominal value of Euro 0,30 each.

5.  The Company commits to undertake allnecessary actions pursuant to the relevant legislation in order for the new shares to be listed on the Athens Stock Exchange.

A copy of this document is available at the registered seat of the Company (15, A. Metaxa Str.) or in the Company’s website (www.frigoglass.com).  For further information you may contact the Investor Relations Department of the Company (Tel. 210 6165757-767, Mrs. Lillian Phillips and Mr. John Stamatakos).