It is announced that the Annual General Meeting of ELVAL, S.A., which took place on Wednesday, June 13 2007, elected the Company's new Board of Directors. The members of the new Board, as it formed itself into a body, are the following:
1. JOHN PANAYIOTOPOULOS, Chairman, executive member
2. DIMITRIOS KYRIACOPOULOS, Vice-chairman, executive member
3. KONSTANTINOS KATSAROS. Executive member
4. NICHOLAS KOUDOUNIS, Executive member
5. DIMITRIOS PAVLAKIS, Non executive member
6. ANDREAS KYRIAZIS, Independent, non executive member
7. KONSTANTINOS BAKOURIS, Non executive member
8. CHRISTOS-EMMANUEL DIMITRAKOPOULOS, Non executive member
9. KONSTANTINOS KOUKLELIS, Non executive member
10. REINHOLD WAGNER, Non executive member
11. GERARD DECOSTER, Independent, non executive member
The term of office of the members of the new Board of Directors , according to the Company's Articles of Association is one (1) year, starting at the day following its election and terminating at the date of the Annual General Meeting of the year 2008.