NIREUS S.A.

Announcement for the Increase of Nominal Value

Nireus SA announces that the Extraordinary General Shareholders Meeting of 10.12.2007 decided a share capital increase via capitalization of reserves and the consequent amendment of the article 5 of the Company's Articles of Association. The company's share capital increased by 1.030.605,46 euro to enable the company to participate in an investment program approved under EPAL 2000-2006.
Following the aforementioned increase, the company's share capital amounts to 78.326.014,96 euro and is divided into 51.530.273 registered shares of nominal value 1,52 euro each (from 1,50 euro each).
The Ministry of Development approved the amendment of article 5 of the Company's Articles of Association with decision no. Κ2-17855/20.12.2007 The Athens Exchange was informed for the increase of the nominal value of the shares during its meeting of 10.01.2008.
Consequently, this Wednesday, the 16th of January 2008 the shares of the company will trade in the Athens Exchange with their new nominal value of 1.52 euro / share.
For further information, please contact the Shareholders Department (Ms. Maria Kotsovou, +30 210 66 98 335-373