During the annual Ordinary General Assembly of the shareholders of the INDUSTRY OF KNITWEAR "MAXIM" KONSTANTINOS M.PERTSINIDIS S.A. held on the 22nd of June 2007, three shareholders of the company were present, representing 45,91% of the share capital (6.892.808 shares with a right to vote of the total of 15.015.000 shares) and the issues of the agenda were discussed, as these had been announced by the invitation of the Board of Directors on 24.05.2007. The assembly decided and approved unanimously the issues of the agenda as follows:
1. It approved the Management Report of the Board of Directors, the Explanatory Report of the Board of Directors, according to article 11a, law 3371/2005 and the Audit Report of the Independent Chartered Accountant - Auditor on the Annual Financial Statements of the fiscal year 01.01.2006 - 31.12.2005.
2. It approved the annual financial statements, according to the International Standards of International Financial Reporting Standards (IFRS) of the fiscal year 01.01.2006 - 31.12.2006. The company will not distribute dividends due to losses occurred in the fiscal year.
3. Exempted the members of the Board of Directors and the auditors from any liability for compensation for the transactions of the fiscal year 2006.
4. Elected the auditors for the current fiscal year 2007, Stavros K. Saloustros, Chartered Accountant - Auditor, Body of Chartered Accountants (S.O.E.L.) Register Nr. 14611, as an ordinary chartered accountant and Spyros I. Bountas, Chartered Accountant Auditor, Body of Chartered Accountants Register Nr. 11451, as a substitute chartered accountant, of the Auditing Company S.O.L. A.E.O.E., with Register Number of S.O.E.L. EE.
5. It approved unanimously the fees of the members of the Board of Directors that were paid during the fiscal year 2006 and pre-approved the fees of the members of the Board of Directors for the fiscal year 2007 and until the next annual ordinary General Assembly.