ALAPIS Α.Β.Ε.Ε.

Purchase of own shares

In compliance to the No. 2273/2003 Regulation of the E.C. Committee dated December 22nd, 2003 ALAPIS S.A. (the "Company") announces purchases of own shares as listed below, which were accomplished in accordance to article 16 par. 5 of L.2170/1920, in implementation of the decision of the General Meeting of shareholders of the Company of February 4th, 2008 and the Board of Directors' decision of June 26th, 2008.
1. Between July 1st, 2008 and July 9th, 2008 2,339,470 own shares, of total value Euro 3,739,055.30 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.60 per share.
2. Between July 10th, 2008 and July 18th, 2008 3,867,974 own shares, of total value Euro 6,271,055.71 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.62 per share.
3. Between July 21st , 2008 and July 29th, 2008 3,093,498 own shares, of total value Euro 5,349,724.58 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.73 per share.
4. On July 30th, 2008 a total of 316,500 shares were purchased at the average price of Euro 1.70 per share. Total value of the transaction was Euro 537,100.00.
5. On July 31st, 2008 a total of 539,311 shares were purchased at the average price of Euro 1.69 per share. Total value of the transaction was Euro 909,355.05.
6. On August 1st, 2008 a total of 237,080 shares were purchased at the average price of Euro 1.67 per share. Total value of the transaction was Euro 395,307.80.
7. On August 4th, 2008 a total of 184,111 shares were purchased at the average price of Euro 1.68 per share. Total value of the transaction was Euro 309,170.18.
8. On August 5th, 2008 a total of 391,011 shares were purchased at the average price of Euro 1.67 per share. Total value of the transaction was Euro 651,487.48.
9. On August 6th, 2008 a total of 310,215 shares were purchased at the average price of Euro 1.70 per share. Total value of the transaction was Euro 528,657.65.
10. On August 7th, 2008 a total of 180,000 shares were purchased at the average price of Euro 1.72 per share. Total value of the transaction was Euro 309,610.92
The abovementioned 11,459,170 own shares, of total value Euro 19,000,974.67 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.66 per share.