The Shareholders' Extraordinary General Meeting of SPRIDER STORES SA was held today, Thursday November 22, 2007 at 17:30, at the Company's business headquarters in Anthoussa, Attica. A total of 16 shareholders were present, holding 19.584.891 shares out of 26,262,660 shares outstanding, representing 74.57% of the company's paid share capital; therefore the General meeting was validly held in quorum regarding all agenda items. More specifically the Extraordinary General Meeting approved:

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 pro rata at one (1) new share for every two (2) existing ones, as well as the relative amendment of Chapter 5 of the Company's Articles of Association. Following the above the Company's share capital amounts to euros 15,757,596.00 divided to 52,525,320 common registered shares, with a par value of euro 0.30 per share. This issue was unanimously approved (100% of the voting rights validly present at the Meeting) by the General Meeting.

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 pro rata at one (1) new share for every two (2) existing ones, as well as the amendment of Chapter 5 of the Company's Articles of Association. Following the above the Company's share capital amounts to euros 23,636,394.00 divided to 78,787,980 common registered shares, with a par value of euro 0.30 per share. This issue was unanimously approved (100% of the voting rights validly present at the Meeting) by the General Meeting.

3.The issue of a common corporate bond (non-convertible, non-listed) up to the amount of euro 60 million and provided the authorization to the Board of Directors to proceed with all necessary details for the issuance and the determination of the remaining terms of the bond. This issue was approved at a 99.99% majority of the voting rights validly present at the Meeting.