ALAPIS Α.Β.Ε.Ε.

Annoumcement

The company ALAPIS ABEE (hereafter the "Company"), announces pursuant to article 14 of L. 3556/2007 and following notification received on October 30th 2008 by GREDIT AGRICOLE S.A., that on October 27th 2008, the said company proceeded to the sale of Company's shares, through its indirectly controlled companies CREDIT AGRICOLE CHEUVREUX INTERNATIONAL LTD and CALYON, and as a result, its indirect total number of shares and total number of voting rights, decreased from 75.003.923 to 45.492.352. Hence, its indirect percentage on the Company's total number of shares and total number of voting rights, changed from 7,65% to 4,64%.