NIREUS SA announces that on the 26th of November 2007 the final acquisition agreement was drafted for the 100% acquisition of the company RED ANCHOR S.A. from the company's owners Mr. Stavros Spyropoulos, Aikaterini wife of Stavros Spyropoulos, Frank Spyros James Spyros. The final agreement was drafted according to the terms of the pertinent pre-agreement that had been signed on the 5th of October 2007. The cost of the acquisition is 5,449,772 euros, from which 2,949,772 euros will be disbursed immediately and the remaining has been credited and will be paid out by the 15th of October 2008. The requisite funds will be obtained from the change in the use of the Share Capital Increase that ended on the 9th of July 2007. The Board of Directors has approved this change on the 26th of November 2007 and has made a separate comprehensive announcement.
The acquired company will proceed with an Extraordinary General Assembly to transfer its Headquarters to the Municipality of Koropi and to elect a new Board of Directors to be composed of Mr. Aristides Mpelles, Mr. Nikolaos Chaviaras and Mr. Antonios Chachlakis.