The Board of Directors of the company METAL INDUSTRY OF ARCADIA C.ROKAS S.A. announces that, during its session on 27.07.2005, it decided that the company would sell its own shares that were acquired within the own shares buy back program that its Shareholders' General Meeting had approved on 29.04.2004, as provided by law 2190/20.

More specifically, 800,260 common and 18,090 preferred shares will be placed for sale, at a minimum and maximum selling price of euro 7 per common and euro 6 per preferred share, respectively.

The aforesaid transaction will take place from August 3, 2005 until December 31, 2005.