"ALFA-BETA" VASSILOPOULOS S.A. informs the investors that the Internal Audit Director, mr. Spyridon Kyroussis, is promoted to Logistics Executive Director having the responsibility of the business operation of Logistics. Moreover, mr. Theodoros Eliades is promoted to Internal Audit Director supervised - as the law provides- by the Audit Committee, which consists of three non-executive members of the Board of Directors, through its commissioned chairman mr. Craig Owens. The above administrative changes are valid from November 1st , 2007