MORGAN STANLΕY, shareholder of S&B Industrial Minerals S.A., with its letter on 22/05/2007, announced to the company that on 17/05/2007 MORGAN STANLEY & CO INTERNATIONAL Ltd controlled by MORGAN STANLΕY acquired shares of S&B. Hence total participation of MORGAN STANLΕY over the total voting rights, based on articles 7 and 8 of the presidential decree 51/1992, reached 10,151% from 9,850%. The aforementioned percent includes the participation of MORGAN STANLEY & CO INTERNATIONAL Ltd, i.e. 10,151% while the participation of MORGAN STANLΕY over the total voting rights of S&B Industrial Minerals S.A. shares remained zero.
According to MORGAN STANLEYs statement, the above shares were purchased on behalf of various funds of LANSDOWNE PARTNERS LIMITED PARTNERSHIP. One of these funds, Lansdowne European Equity Fund Limited, alone exceeds the 5% of the company s total share (announcement on May 16, 2007).