K. ΚΑΡΔΑΣΙΛΑΡΗΣ & ΥΙΟΙ Α.Ε.Β.Ε.

Purchase of own shares

The company "Con. Cardassilaris & Sons S.A. - CARDICO" announces that on November 4, 2006, date on which the previous purchasing period ended pursuant to the decision of the Extraordinary Shareholders Meeting held on November 4, 2005, the company held 345,140 own shares. Therefore, during the new period within which purchases of own shares will take place from 06/11/2006 till 19/10/2007 according to the Extraordinary Shareholders Meeting held on October 19, 2006 the company can purchase up to 1,846,917 own shares pursuant to the same decision (total company''s shares 21,920,570) in order not to exceed 10% of its total number of shares.