In the context of the Decision of the Capital Market Commission 1/195/19.7.2000 concerning the ‘Public Proposal for the Acquisition of Securities' and according to article No 4 and the related provisions of the Decision of the Capital Market Commission, the company Elliniki Technodomiki S.A. addresses an optional public Offer to the shareholders of A. Cambas S.A. for the purchase of 1,607,631 common bearer shares with voting rights of A. Cambas S.A. at the price of Euro 3.80 per share, i.e. 7.67% of the paid-in share capital of A. Cambas S.A., according to the terms of the present as specialized in the prospectus, which was submitted to the CMC, in order to be approved and which will be available after its approval.

1. Public Proposal submitted by the Company
Elliniki Technodomiki S.A., which was established in 1955 has been registered in the Record on the Ministry of Development (No 874/06/B/86/16) and is located in Athens 78A, L. Riankour str. 11523 Athens. The shares of the company are listed and are traded on the Main Market of the ASE.

2. The company under purchase
The company A. Cambas S.A., which was established in 1918, has been registered in the Record of the Ministry of Development (No 13564/06/B/85/123) and is located in Maroussi, 39, Akakion str., 151 25 Athens. The shares of A. Cambas S.A. are listed and are traded on the Main Market of the ASE under the sector ‘Change of activity' and they are common bearer shares with voting rights.

3. Securities, which are the object of the Public Offer
Every share of A. Cambas S.A., in a dematerialized form, which is part of the share capital of the company, is listed and is traded on the ASE.

4. Number of shares the Company that submitted the Public Proposal is committed to purchase
The Company Elliniki Technodomiki S.A. is committed to purchase, according to the Public Offer 1,607,631 common bearer shares of A. Cambas S.A. with voting rights, i.e. 7.67 % of its share capital, which added to the 8,870,530 shares (42.33% of the share capital) of A. Cambas S.A. that the Company Elliniki Technodomiki S.A. already, indirectly, owns will represent the 50% of the paid-in share capital plus one share of A. Cambas S.A. or in total 10,478,161 shares. The Public Offer will not be valid either: a) entirely, if the shareholders do not offer to Elliniki Technodomiki S.A. shares of A. Cambas S.A. equal at least to the required, i.e. 1,607,631 shares, or ii) in excess of the required number of shares, only if the shareholders offer to Elliniki Technodomiki S.A. shares of A. Cambas S.A. more than the amount of 1,607,631 shares, since there will be a proportional satisfaction according to those stated in the Prospectus.

5. Exchange.
The Acquiring Company Elliniki Technodomiki S.A. will pay in cash to the shareholders of A. Cambas S.A. the amount of Euro 3.80 per share.

6. Limitation of the Public Proposal
The Public Proposal will not be valid if the shareholders do not offer to Elliniki Technodomiki S.A. a number of shares equal to the required i.e. 1,607,631 shares, 7.67% of the paid in share capital of A. Cambas S.A.

7. Consultant
The consultant to Elliniki Technodomiki S.A. is EFG Eurobank Securities, which is able to provide in Greece the investment service of article No 2 of the Law 2396/1996.