ΑΛΦΑ-ΒΗΤΑ ΒΑΣΙΛΟΠΟΥΛΟΣ A.E.

Issue of a bond loan

According to the article 16, par.3 of the L.3556/2007, ALFA-BETA VASSILOPOULOS S.A. announces that on May 23, 2008 the Company issued, a five-year common bond loan, after a relevant decision of the Board of Directors dated on May 9, 2008. The bond loan amounts to 80.000.000 Euros, it is divided in 8 bearer, paper bonds of 10.000.000 Euros each, which are transferable with the Company's consent, and was covered equally by the banks Alpha Bank and Emporiki Bank. The bond loan was issued, intel alia, for funding the recent acquisition of the company PLUS HELLAS (renamed to "HOLDING AND FOOD RETAIL COMPANY M.E.P.E & SIA E.E.")