HELLENIC CABLES S.A. announces, according to article 16 par. 3 of Law 3556/2007, the refinancing of part of the existing loans of HELLENIC CABLES through the issuance of a new syndicated collateralized long-term bond loan amounting to Euro 76,539,000, with co-arrangers the four major Greek Banks, NATIONAL BANK OF GREECE S.A., ALPHA BANK S.A., EUROBANK ERGASIAS S.A. and PIREAUS BANK S.A.

The loan, which represents approximately 80% of the existing bank debt of HELLENIC CABLES, has 5 years maturity with an option of 2 years extension and has been issued according to L.3156/2003 and L.2190/1920, based on decisions of the General Shareholders Meetings.