FOLLI-FOLLIE Α.Ε.Β.Τ.Ε.

Extraordinary General Assembly of the Company's Shareholders on October 06, 2008

The Company announces that the Extraordinary General Assembly of the Shareholders that took place on October 06, 2008, with a quorum of 73.25% (38,585,738 shares out of a total of 52,675,000 shares) decided unanimously the following item:
1. Approved a share buy back scheme up to 10% of the Company's share capital (5,267,500 shares) with a lowest price of euro 5.0 and a highest price of euro 20.0. The share buyback scheme will be implemented between 07.10.2008 - 06.10.2009.
In total 25 shareholders voted in the Company's Annual Ordinary General Assembly.