ALAPIS Α.Β.Ε.Ε.

Purchase of own shares for the period 1/7/-28/8/2008

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. On August 20th, 2008 a total of 67,000 shares were purchased at the average price of Euro 1.78 per share. Total value of the transaction was Euro 118,960.00.
7. On August 21st, 2008 a total of 132,000 shares were purchased at the average price of Euro 1.77 per share. Total value of the transaction was Euro 233,660.00.
8. On August 22nd, 2008 a total of 150,507 shares were purchased at the average price of Euro 1.76 per share. Total value of the transaction was Euro 264,461.54.
9. On August 25th, 2008 a total of 158,000 shares were purchased at the average price of Euro 1.74 per share. Total value of the transaction was Euro 274,265.00.
10. On August 26th, 2008 a total of 210,000 shares were purchased at the average price of Euro 1.70 per share. Total value of the transaction was Euro 356,160.00.
11. On August 27th, 2008 a total of 210,000 shares were purchased at the average price of Euro 1.73 per share. Total value of the transaction was Euro 362,774.00
12. On August 28th, 2008 a total of 210,000 shares were purchased at the average price of Euro 1.75 per share. Total value of the transaction was Euro 367,060.00
The abovementioned 13,956,242 own shares, of total value Euro 23,368,071.71 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.67 per share.