The company EUROPEAN RELIANCE S.A. announces, based on L.3556/2007 (art. 3 and art. 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission, that Mrs Efstathia Tsoka, closely associated with the Chairman of the Board of Directors, Mr Konstantinos Zaxarias Tsokas (bound person according to article 13 of Law 3340/2005), on November 14, 2007, sold 5.808 common shares, with a total net value of Euro 16.788,01.