ELVALHALCOR HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A.

Results of Tax Audit for the Years 2005-2006

In accordance with article 276, paragraph xii of the A.S.E. Regulation and article 10, paragraph 1 of law 3340/2005, we announce that Ordinary Tax Audit for the fiscal years 2005-2006 was completed was completed. The audit accounted for 1,020,876.02 Euro in accounting differences, from which additional income of 329,842.00 euro occurred, plus surtax of 75.494,00 i.e. total tax amount of 405.336,00. HALCOR S.A. has already sufficiently burdened its FY 2006 financial statements, as a result the current fiscal year will be no further burdened.