The Annual Ordinary General Meeting, was held on Monday, May 21, 2007, at 17:30, at MUSEUM GOULANDRI OF NATURAL HISTORY - GAIA ("Aggelos Goulandris" hall), at Kifissia Attikis, 100 Othonos Str. The total number of shareholders that were present or represented were 23 corresponding to 33,811,059 shares out of 73,176,746 shares, which represent a percentage of 46.20 %. The following agenda issues were discussed and decided:
(A) The Shareholders Meeting decided unanimously on the following issues:
1. The approval of the Annual Financial Statements (Company's and Consolidated), for the fiscal year 2006 (1.1.2006 - 31.12.2006) and decided the dividend for the fiscal year 2006 amounts to Euro 0.04 per share. Beneficiaries of the above dividend are those who possessed company shares at the end of the Athens Exchange session of May 22nd 2007. Termination day of this right is May 23rd , 2007. Thus, from this date on, the company's shares shall be traded at the Athens Exchange without a dividend right. The payment of the dividend shall begin on May 31st, 2007 by NATIONAL BANK OF GREECE.
2. The election of the Certified Auditor for the fiscal year 2007 (1.1.2007 - 31.12.2007) the company PRICEWTERHOUSECOOPERS and defined its fees,
3. Ratified the election by the Board of Directors, on 4th December 2006, of Mrs. Lito Ioannidou to serve until the expiry of its session as a non Executive - Independent Member replacing the resigned Member Mr. Konstantinos Kotsilinis and appointed, according to art. 3 par. 1 of Law Ν. 3016/2002, as independent members of the Board of Directors, apart from Mr. Sotiris Orestidis and Ilias Gounaris, also Mrs. Lito Ioanidou and Mr. Charalampos Stavrinoudakis.
4. The approval of contracts, salaries and fees of members of the Board of Directors.
5. The authorization, according to article 23, par. 1, of Regulatory Law 2190/1920, to members of the Board of Directors and to company's executives to participate in the management or the direction of companies belonging to the company group, which pursue the same or similar purposes.
6. The modification of article 5 of the Articles of Association of the company in order to incorporate the increase of the share capital that was resolved by the decision of the Board of Directors on 4.12.2005 by euros 235,064.20 by issuance of 309.295 new ordinary registered shares of a nominal value of 0,76 Euro each at an issue price of euros 1.00 per share, due to the exercise of their rights by the beneficiaries of the stock option plan (αρθρ. 13 παρ. 9 του Κ.Ν. 2190/1920) in accordance with the relevant decisions of 6.6.2002 and 23.6.2006 General Meetings of the shareholders of the Company
7. The termination of the Shareholders Buy-Back period, which was resolved as part of the Ordinary General Meeting of the Shareholders on 24.05.2005, and passing of a new resolution on Shares Buy-Back, according to article 16, paragraphs 5 and 6, of Codified Law 2190/1920 and more specifically the company to proceed to a new share buy-back period, in compliance with article 16 par. 5 and 6 of C.L. 2190/1920, in order to further support the share's value at the Stock Exchange, up to 10% of the total number of shares, i.e. up to 7,317,674 shares, within the following 12 months from today, setting the maximum price at nine euros (9 Euro) per share and the minimum price at one euro (1 Euro) per share.
B) The General Meeting, by 33,599,259 votes for, after calling each one of the shareholders who were present by their name and were entitled to vote for this issue according to article 35 of Regulatory Law 2190/1920, released the Board of Directors and the Auditor from any liability in regards to the Balance Sheet, the Fiscal Year results and the management of the Company as well as the Consolidated fiscal year results balance sheet and management of fiscal year 2006.
Finally shareholders representing in total 222.280 votes didnot participate to this discussion, which involved the first issue of the agenda as of the submission of the annual Financial Statements of the parent company and the consolidated ones (Balance Sheet, Profit and Loss Account Statement, Appropriation Account Statement and Appendix), the Certified Auditor's Report and the Management Report of the Board of Directors for the fiscal year 2006 (1.1.2006 - 31.12.2006).