The 1st Repetitive General Assembly of the shareholders of ALUMINUM OF GREECE S.A. which was scheduled for Friday June 2 2006 (16:00) at the Company's headquarters (1, Sekeri street) with the single agenda issue "Decision for share offer or distribution to the Company's personnel and/or approval of a share privilege program, according to what is anticipated in articles 13 and 16 of 2190/1920 combined to PD 30/1988", did not take place since the shareholders present did not cover the 1/2 of the total share capital which is required according to the Company's statutes in order to discuss such a matter. Only a 48.40% of the share capital was covered by the shareholders present (20,883,340 shares). The Board of Directors shall call for a 2nd Repetitive General Assembly, which will take place within a maximum of twenty (20) days from the date of the 1st Repetitive General Assembly.