MICHANIKI S.A.

Announcement.

MICHANIKI S.A, in accordance with the provisions of law 3556/2007, art. 21 coupled with the art. 11 of Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission, notifies that the shareholder and Board Chairman of the company, Mr. Emfietzoglou Prodromos proceeded on December 4, 2007 with the purchase of 8,800 registered common shares of total value Euro 50,806.