"PANTECHNIKI S.A." (henceforth the "Company"), whose shares are listed and traded in the Athens Stock Exchange, announces that during the separate sessions of November __ 2007 of the Boards of Directors of the Company and the other contracting party, a wholly owned subsidiary of the latter, "METOHI SOCIETE ANONYME - PROJECT MANAGEMENT CONSULTANTS", the draft contract for the secession, contribution to and undertaking by "METOHI SOCIETE ANONYME - PROJECT MANAGEMENT CONSULTANTS" of the Company's construction branch, together with its contractor certificate, as well as of its corporate name and its rights mark, were approved. In summary, the draft in question provides, as a consequence of the contributed branch, for the increase of the capital stock of "METOHI SOCIETE ANONYME - PROJECT MANAGEMENT CONSULTANTS", which currently amounts at one hundred and eleven thousand Euro (euro 111,000.00), (divided into 3,700 ordinary, registered, voting shares, with nominal value equal to 30.00 Euro each), by the amount of sixty million three hundred and seventy eight thousand Euro (euro 60,378,000.00), which amount results from the sum, on one hand, of the amount of sixty million three hundred and seventy seven thousand six hundred and nine Euro and sixty eight cents (euro 60,377,609.68), corresponding to the accounting net position of the contributed branch, and, on the other hand, of the amount of three hundred and ninety Euro and thirty two cents (euro 390.32) as a consequence of the capital stock increase by payment in cash by the shareholders of the Undertaking Company for the exercise of the rights corresponding thereto, for the rounding of the number of the new shares to be issued, through the issuing and distribution of two million twelve hundred thousand six hundred (2,012,600) new, ordinary, registered, voting, printed shares with nominal value equal to thirty Euro (euro 30,00) each. All newly issued shares shall be undertaken by the Company as sole shareholder of the company increasing its capital stock "METOHI SOCIETE ANONYME - PROJECT MANAGEMENT CONSULTANTS", which shall result in the delay of the definition of the share values and/or exchange ratio.