The Board of Directors of CON. CARDASSILARIS & SONS S.A. notifies that in its session on June 11, 2007 decided to proceed with the sale of 398,000 of the company's own shares. The sale of these shares will be executed during the period from June 14, 2007 to September 30, 2007 and the minimum slling price is set at Euro 3.00 per share