EUROMEDICA S.A.

Replying to Hellenic Capital Markets Committees Letter

In answer to the Capital Market Commission's letter of 26 June 2007 (ref 2677) and in application of Article 2 of Decision 5/204/2000, Euromedica SA hereby announces that:
With its announcement of 11 June 2007, the Company informed the authorities, its shareholders and investors that "it has come to an initial agreement with a foreign investor regarding a 60-million-euro investment in the company through the issuing of a convertible bond."
However, the terms for the issuing and conversion of the bond have not yet been finalized and consequently the Company is not in a position to make any announcement regarding them.
In any event, immediately after the signing of the agreement, the Company will make a binding announcement to the authorities, its shareholders and investors, in accordance with existing legislation.