ELLAKTOR S.A.

ANNOUNCEMENT ON THE LIQUIDATION OF FRACTIONAL BALANCES OF SHARES

ELLAKTOR SA informs the investment public that according to the decision No. 322/6.8.2008 of the General Manager of the Hellenic Capital Market Commission the following decisions were taken:
1. Granting of license to the promoting company ELLAKTOR S.A. for performing the liquidation of 3,407 shares which are undisposed fractional balances resulting from the share capital increase of the promoting company due to absorption of PANTECHNIKI S.A.
2. Appointment of the company EFG Eurobank Securities as the competent member of the Athens Exchange for performing the liquidation of the specific shares.
3. The liquidation of the shares will be performed on Thursday, August 21, 2008, pursuant to article 99 of the Athens Exchange Regulation. The starting price for the liquidation of shares, as is determined by the Company, cannot be lower by more than two percent (2%) from the previous closing price right before the liquidation trading day.
4. The Member must inform on the same day the company ELLAKTOR SA, the HELLENIC EXCHANGES SA and the Hellenic Capital Market Commission on the result of the liquidation.
Upon completion of the liquidation procedure, the Company will proceed to a new announcement on the result of the liquidation, as well as on the procedure regarding the collection of the amount by eligible shareholders from the Deposits and Loans Fund.