FRIGOGLASS S.A.I.C.

Mr. Harry David appointed Chairman of the Board of Directors of Frigoglass

The Board of Directors of Frigoglass announces today the election of Mr. Harry David as the new Chairman of the Board of Directors, following the resignation of Mr. Dimitris Krontiras. Mr. Harry David has been a Member of the Board of Directors of Frigoglass since 1999.
Mr. David''s professional career started in 1987 in New York as a certified investment advisor for Credit Suisse. From 1989 until 1991 he served in several executive positions within Leventis Group of Companies in Nigeria.
Mr. David is currently Chairman of Plias S.A, Vice-Chairman of Katselis S.A as well as, a member of the Board of Directors of the Hellenic Public Power Corporation (ΔΕΗ), of the A.G Leventis P.L.C., of the Nigerian Bottling Company P.L.C. of Ideal Group and of Vectis Capital. He is also a member of the General Council of the Federation of Greek Industries (ΣΕΒ) and an executive member of the International Directors Council of Guggenheim museum in New York.
Mr. Harry David, Chairman of the Board of Directors of Frigoglass, commented: It is a great honor for me to be appointed Chairman of Frigoglass'' Board of Directors, succeeding Mr. Krontiras, an extraordinarily capable man, under whose guidance, the Company has achieved substantial growth. As a Frigoglass Board member since 1999, I have closely witnessed both the Company''s dynamic expansion as well as its vision of establishing a leading position in the field of ICM industry. Finally, I would like to thank the members of Frigoglass'' Board for entrusting me. Mr. Victor Pisante, co-founder and C.E.O. of Telesis since 1993, was appointed Member of the Frigoglass'' Board of Directors, following the resignation of Mr.Krontiras. In 2005, Mr. Pisante founded Bluehouse Capital, a private equity management firm, focusing on the development and management of real estate property and infrastructure projects in Southeastern Europe.