Lambrakis Press SA announces that on November 14, 2007 sold to ICAP SA a) the total number of shares of its subsidiary company ACTION PLAN SA - 161.522 shares, i.e. 85,00% of the company' s share capital - that Lambrakis Press SA held for a consideration of 4.029.344,10 euros and b) the total number of shares in ACTION PLAN HR SA - 783 shares, i.e. 1,00% of the company' s share capital - that Lambrakis Press SA held for a consideration of 2.349 euros. Action Plan SA, that was established in 1999 by Lambrakis Press SA, and its subsidiary company Action Plan HR SA, engage in the sectors of call center services, telemarketing ? telesales and temporary employment. The sale of the subsidiary companies lies within the context of restructuring the Lambrakis Press Group and the strategy of the Management to focus the Group's business activities exclusively on the media sector.
Furthermore the cash amount received will improve the financial condition of the Lambrakis Press SA and will be utilized, according to the 3year business plan, for the Group development in the media sector.
The impact from the sale in the LP SA financial statements of 31.12.2007 are considered to be immaterial, as the sale was effected at the value price of shares. In the consolidated financial statements of 31.12.2007 the sale is expected to have a positive result of about 3,6 million euros.