ELGEKA S.A.

Transfer of the participation that ELGEKA FERFELIS ROMANIA SRL held in the share capital of its subsidiary to other company of ELGEKA' s Group

ELGEKA would like to notify the investing public that on the 14th of January 2008 the National Trade Register Office of Romania finalized the transfer of the 70% (or 420 shares - 10,00 RON per share) of the equity share capital that ELGEKA - FERFELIS ROMANIA SRL (subsidiary of ELGEKA CYPRUS LTD) held in the share capital of CERA VILLA DESIGN to the company SC GATEDOOR HOLDINGS -COM SRL.
It should be noted that the company SC GATEDOOR HOLDINGS - COM SRL is the subsidiary company of ELGEKA (CYPRUS) holding 50,01%, i.e. 19,32% directly and 30,69% through GATEDOOR HOLDINGS LTD (CYPRUS).
The above transfer was realized in order to concentrate all the strategic activities of the companies of ELGEKA GROUP in Romania.