In Athens today, June 27, 2007 at 11:00 a.m., at the "ATHENS IMPERIAL" hotel, Karaiskaki Square, the shareholders of ?SIDENOR STEEL PRODUCTS MANUFACTURING COMPANY SA? assembled to the Repeat General Meeting after the invitation of the Board of Directors as at June 12, 2007. >br>The General Assembly of the shareholders, with total voting shares present 60,108,133 out of the total 96,006,833 outstanding shares, hence a 62.61% quorum, approved the issuance of common bond loans, according to Law 3156/2006, up to a total amount of one hundred million (100,000,000.00) euro, which will be written in all to various banks. The proceeds for these loans will be used to restructure short term borrowing to long term as well as to raise the company?s working capital. As well, the General Assembly granted the authority to the Board of Directors to further define all specific terms of the loans and the appropriate procedure for the issuance. This authority is valid until December 31, 2008.