EUROPEAN RELIANCE S.A. (the Company) announces, ιn accordance with the provisions of Laws 3340/2005 and 3556/2007, of Decision 1/434/3.7.2007 and Circular Nr 33 of the Hellenic Capital Market Commission that on 23rd October 2008, the Non-Executive member of the Board of Directors Mr. Theodoros Ahis, bought 1.537 common shares of the Company of total value euro 1.710.56.