Replying to the letter from the Hellenic Capital Market Commission dated 27/3/2007, the main shareholders of Elmec Sport SA, Sam Fais and Lucy Fais informed the company that the article published in the daily newspaper "EXPRESS" at 27/3/2007 is inaccurate.
The main shareholders are discussing with high-ranking executives of Laskarides Group and with its associates for the participation of the latter in the share capital of the Company. The discussions are non binding, no aspect of this issue is final and its conclusion is not certain.