HELLENIC CABLES HOLDINGS S.A.
FY 2003-2006 tax audit results
In accordance with article 276, paragraph ΧΙ1 of the A.S.E. Regulation and article 10, paragraph 1 of law 3340/2005, we announce that during FY 2007 an Ordinary Tax Audit of the company was performed for FY 2003-2006. The audit assessed to the company Accounting Differences of a total of Euro 1,502,349.00, of which an income tax of Euro 435,681.00 accrued, with a further tax addition of Euro 15,385.00, thus amounting to a total of Euro 451,366.00. This total sum, due to its one-off payment, was reduced by 5% and the total sum that the company paid amounted to Euro 428,797.70. The company has not burdened the financial statements of 31/12/2006, with the abovementioned sum. Thus there will be additional financial burden in the Financial Statements of 2007.