KLEEMANN HELLAS S.A. announces that, according to Article 278 of the Athens Exchange S.A Regulation, on Monday 18 June 2007 and 14:00 p.m., its shareholders assembled at the scheduled Annual Regular General Meeting at the head offices (Industrial Area of Stavrochori - Kilkis). Thirteen (13) shareholders were present, owners of 8.307.524 shares of total 11.824.350 number of shares, namely the 70.26%. On the topics of the General Assembly the shareholders acting unanimously:
1. Approved the Annual Financial Statements (Group and Company) of the fiscal year 2006 and the relevant Board of Directors and Auditor?s Reports.
2. Released the members of the Board of Directors and the Auditor from any liability for damages associated with the performance of their duties during the 2006 Fiscal Period.
3. Ratification of the way that profits for the fiscal year of 2006, should be distributed, and approved the dividend distribution to the shareholders.
4. Approved the remunerations of members of the Board of Directors for fiscal year 2006 and prior approved the remunerations for fiscal year 2007.
5. The auditing company KPMG Kyriacou Certified Auditors A.E. was elected as chartered auditors for the fiscal year 2007 for auditing the interim and annual financial statements according to the law, with remuneration according to their offer. Mr. John A. Achilas, (AM SOEL 12831) was defined as regular Certified Auditor Accountant and Mr. Michael A. Kokkinos (AM SOEL 12701) as alternate.
6. Decided that Mr Dimitrios A. Daios the independent non executive member of the Board of Director, and member of the Audit Committee which supervise the department of Internal Audit will not be member of the Audit Committee any more, remaining independent non executive member of the Board of Director. Mr. Stergios N. Georgalis, non executive member of the Board of Director, will still remain member of the Audit Committee supervising the department of internal audit.
7. Decided the issue of one or more bonded loans, up to the amount of 25 mil. euros, and according to the provisions of L. 3156/2003, aiming at the restructure of the existing banking lending and the financing of the company's developmental program. The Board of Directors was authorized by the General Meeting to define the conditions of the issue of one or more bonded loans.
8. Decided a) the distribution of total dividend of Euro 3.547.305,00 corresponding to Euro 0,30 per share, increased by 20% in relation to the past year, and b) the beneficiaries of the dividend will be the shareholders of the end of the Athens Stock Exchange trading day of Monday the 16th of July 2007. As of Tuesday the 17th of July 2007, the share will be negotiated without any right to the dividend. The payment of the dividend will be started on Wednesday 25 July 2007. More information about the distribution of the dividend will be given by a separate announcement.