ALAPIS Α.Β.Ε.Ε.

Purchase of own shares for the period 01/07 ? 26/09/2008

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 6,271,505.71 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. Between July 30th, 2008 and August 7th, 2008 2,158,228 own shares, of total value Euro 3,640,689.08 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.69 per share.
5. Between August 8th, 2008 and August 19th, 2008 1,359,565 own shares, of total value Euro 2,389,756.50 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.76 per share.
6. Between August 20th, 2008 and August 28th, 2008 1,137,507 own shares, of total value Euro 1,977,340.54 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.74 per share.
7. Between August 29th, 2008 and September 8th, 2008 1,301,731 own shares, of total value Euro 2,226,951.27 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.71 per share.
8. Between September 9th, 2008 and September 17th, 2008, 2,084,569 own shares, of total value Euro 3,345,562.78 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.60 per share.
9. On September 18th, 2008 a total of 450,000 shares were purchased at the average price of Euro 1.57 per share. Total value of the transaction was Euro 705,880.00.
10. On September 19th, 2008 a total of 485,000 shares were purchased at the average price of Euro 1.62 per share. Total value of the transaction was Euro 787,000.00.
11. On September 22nd, 2008 a total of 495,000 shares were purchased at the average price of Euro 1.62 per share. Total value of the transaction was Euro 799,940.00.
12. On September 23rd, 2008 a total of 600,000 shares were purchased at the average price of Euro 1.59 per share. Total value of the transaction was Euro 951,750.00.
13. On September 24th, 2008 a total of 700,000 shares were purchased at the average price of Euro 1.57 per share. Total value of the transaction was Euro 1,099,178.58.
14. On September 25th, 2008 a total of 690,500 shares were purchased at the average price of Euro 1.56 per share. Total value of the transaction was Euro 1,076,570.00.
15. On September 26th, 2008 a total of 778,450 shares were purchased at the average price of Euro 1.54 per share. Total value of the transaction was Euro 1,200,228.50.
The abovementioned 21,541,492 own shares, of total value Euro 35,561,132.84 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.65 per share.