SPRIDER STORES S.A. announces that on the Extraordinary General Assembly of the shareholders, which will be held on Wednesday, November 21, 2007, there will be a proposition concerning the amendment of article 5 of the company's articles of association, with the addition of the following paragraph:
The Extraordinary General Assembly of the shareholders, held on November 21, 2007 decided:
1.The reduction of the share's par value from euro 0.60 to euro 0.30 each and the issue of 26,262,660 new common registered shares, which are going to be distributed to the company's existing shareholders with a proportion of one (1) new share for every two (2) existing ones.
2.The increase of the company's share capital, by capitalizing euro 7,878,798.00 of the "Share Premium" account and the issue of 26,262,660 new common registered shares, with a par value of euro 0.30 each, which are going to be distributed to the company's existing shareholders with a proportion of one (1) new share for every two (2) existing ones.
3.The amendment of article 5 of the company's articles of association.
After all the above, the company's share capital amounts euro 23,636,394.00 divided in 78,787,980 common registered shares, with a par value of euro 0.30 each.