METLEN ENERGY & METALS S.A.

Acquisition of owned shares.

On 7.12.2007, the Board of Directors of the Company resolved on the commencement of the plan regarding the acquisition of owned shares pursuant to article 16 para. 1 of codified law 2190/1920, in implementation of the decision of the Extraordinary General Meeting of the Company's shareholders of 7.12.2007, and all acquisitions will be made pursuant to the provisions of Regulation 2273/2003 of the EU Committee. In the period from 13.12.2007 until 6.12.2009, the Company will acquire up to two million five hundred twenty two thousand four hundred sixty one (2,522,461) owned shares, at a minimum acquisition price of five (5) euros per share and a maximum acquisition price of sixty (60) euros per share.