ΕΛΒΑΛ Α.Ε.

Issuance of Common Bond Loan

ELVAL HELLENIC ALUMINIUM INDUSTRY SA announces according to article 16 par. 3 of Law 3556/2007, the signing of a common bond loan contract amounted to €3,500,000 with NATIONAL BANK OF GREECE S.A. and NATIONAL BANK OF GREECE CYPRUS. The loan has 3years maturity and has been issued according to L.3156/2003 and L.2190/1920, based on decisions of General Meeting of June 16, 2010.

The above loan will be used for the refunding of short-term loans.