MICHANIKI S.A.

Announcement in accordance with the provisions of Law 3556/2007

MICHANIKI S.A, in accordance with the provisions of law 3556/2007, art. 21 coupled with the art. 11 of Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission, notifies that the shareholder and Board Chairman of the company, Mr. Emfietzoglou Prodromos proceeded on January 11, 2008 with the purchase of 5,000 registered common shares of total value 21,100 euros.