REDS S.A.

Announcement of material changes in voting rights, pursuant to Law 3556/2007

REDS SA announces a change of voting rights in its share capital; pursuant to a relevant notification sent on 12/9/2007 by liable persons:
The company REGINA COMPANY INC notified us that proceeded to disposal of shares of REDS SA and as a result decreased its participation in the company from 6,3235% (namely 2.504.770 common registered share with voting right) to 0% ((namely 0 common registered share with voting right).
The following table shows the changes in voting rights:
Name REGINA COMPANY INC before the change 6,3235% - after the change 0,0%.
The company DAΜIANCO HOLDINGS LTD of CYPRUS notified us that purchased shares of REDS SA and as a result increased its participation in the company from 0,0% (namely 0 common registered share with voting right) to 10,358% (namely 4.102.857 common registered share with voting right).
The following table shows the changes in voting rights:
Name DAΜIANCO HOLDINGS LTD of CYPRUS before the change 0,0% - after the change 10,358%.
Additional information - Note:
There was no major change to the total percentage of shares and voting rights held by Mr Diamantis Diamantides.