Further to its announcements dated 10 December 2007 and 8 January 2008 and in accordance with paragraph 5 of article 9 of Law 3556/2007, AXON HOLDINGS SOCIETE ANONYME would like to announce that the Deputy Minister of Development approved, on 31 December 2007, with a relative decision, the increase of the share capital of AXON HOLDINGS SOCIETE ANONYME, which resulted from the spin-off of the societe anonyme ACHAIKI ADVANCED TECHNOLOGY INDUSTRY SOCIETE ANONYME and the acquisition of its divisions by the societes anonymes AXON HOLDINGS SOCIETE ANONYME and MYSTRAS INVESTMENTS AND CORPORATE HOLDINGS SOCIETE ANONYME, by an amount of 5,490,000.00 Euros, with the issue of 9,000,000 new common (dematerialised) registered shares of a nominal value of 0.61 Euros each, with an equivalent number of voting rights. Following the said increase, the share capital of AXON HOLDINGS SOCIETE ANONYME will amount to a total of 24,712,082.10 Euros, divided into 40,511,610 common registered shares of a nominal value of 0.61 Euros each.
According to the exchange ratios that were approved, the shareholders of ACHAIKI ADVANCED TECHNOLOGY INDUSTRY SOCIETE ANONYME will hold 9,000,000 shares (22.21585%) and a equivalent number of votes and the old shareholders of AXON HOLDINGS SOCIETE ANONYME will hold 31,511,610 shares (77.78415%) and an equivalent number of votes.
The 9,000,000 new shares will be listed on the Athens Stock Exchange following the issue of relative approvals on behalf of the Capital Market Committee.
The Company will issue other announcements as regards the date on which the new shares will be listed on the Athens Stock Exchange.