LANSDOWNE EUROPEAN EQUITY FUND LIMITED, shareholder of S&B INDUSTRIAL MINERALS S.A., with its letter on 17/05/2007, announced to the company that on 14/05/2007 MORGAN STANLEY & CO INTERNATIONAL Ltd acquired shares of S&B on its behalf, resulting in a total participation percentage over the total voting rights, based on articles 7 of the presidential decree 51/1992, that increased to 5,06% from 4,99%. Τhe direct participation of LANSDOWNE EUROPEAN EQUITY FUND LIMITED over the total voting rights of S&B INDUSTRIAL MINERALS S.A. shares remained zero.