Replying to the letter received today 30/10/2008, from the Hellenic Capital Market Commission, Elmec Sport SA announces that the companies Elmec Sport SA ("Elmec") and Hellenic Duty Free Shops SA ("HDFS") and the members of the Papaioannou family agreed to extend for another six months the time schedule set forth in the agreement between the said parties which covers the purchase on behalf of Elmec of the total number of shares that Papaioannou family possesses in the companies of Lapin Group. The abovementioned parties jointly agreed the said extension, so that they may precisely weight the market implications from the current turbulence in the financial markets. However all contracting parties maintain their commitment in the common objectives set in June 2008.