The company EUROPEAN RELIANCE S.A. announces, based on L.3556/2007 (art. 3 and art. 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that the Chairman of the Board of Directors, Mr Konstantinos Zaxarias Tsokas (bound person according to article 13 of Law 3340/2005), on October 4, 2007, sold 1.000 common shares, with a total net value of 3.198,21 euro and on October 5, 2007, sold 572 common shares, with a total net value of 1.852,07 euro.