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 31st October 2008, the Managing Director Mr. Christos Ioannis Georgakopoulos, bought 48.000 common shares of the Company of total value Euro 45.203,53.