VETERIN S.A., announces that its Board of Directors, during its session on 12/8/2005, made a series of decisions that are aiming at rationalizing the activity and the management of the working capital of the company.

More specifically, the BoD decided the following:
1) To interrupt immediately the company's involvement in the trade of agricultural products,
2) To authorize to the Chairman and Chief Executive Officer of the company, to find out ways to realize the disinvestment of the company from non-operating fixed assets and holdings, in order to enhance its liquidity and reduce its bank loans,
3) To adjust the organization chart and structure of the company and the Group in order to improve efficiency levels.