The Company "IASO S.A." notifies that the B' Repeating General Meeting of Shareholders of 29/06/2007, in which 381 shareholders who represent 77,50% of the whole Company?s share capital were present, unanimously decided the following:
1. The reduction of the Company's share capital by the amount of 44.075.500 Euro, by reducing the nominal value of all shares by the amount of 1,00 Euro, that is to say from 1,53 Euro to 0,53 Euro per share, with the purpose of the pro rata distribution of equal amount of the reduction amount to Shareholders and by the relevant amendment of the article 5 of the Company?s Articles. Consequently, after the authorization of the abovementioned reduction by the responsible Authorities, the Company?s share capital comes up to the amount of 23.360.015 Euro divided in 44.075.500 common registered shares with vote right of nominal value Euro (0,53) each.
2. The amount of the share capital reduction will accounting arise from the entries of the account 40.00 «Capital ? Paid share capital of common shares».
3. The authorization of delegating the auditors' report construction with reference to confirming the Company's capability to pay its creditors after the Share capital?s reduction to the External Auditor Mr. Konstantinos Petrogiannis, member of SOL S.A.
To provide the Company?s Board of Directors with the power to determine the exact date that the shares with the new nominal value will start being traded according to the article 311 of the Stock Exchange Rules and to decide the way, time and details of the reduction amount payment to shareholders.
With regard to the reduction amount payment and the exact date of the relevant right termination, the BOD will issue notification after the reception of the necessary authorizations of the responsible Authorities.