In response to the Capital Markets Committee letter (805/25.02.09) regarding the announcement made by ALAPIS SA (the"Company" on 24.02.09, the Company wishes to inform the investor community that the management has already commenced a review process of the impairment of goodwill in its Detergents and Organic products sectors, in accordance with a) IFRS guidelines and b) the Capital Markets Committee letter (Protocol number: 595/12.02.09) addressed to all companies listed on the Athens Exchange titled: "Clarifications on the application of the responsibilities of issuers within the framework of Law 3556/2007 and the resolutions 1/434/2007 and 7/448/2007 of the Board of Directors of the Capital Markets Committee" and in particular with paragraph 4 thereof, titled: "Fixed asset impairment", which pertains to the material consequences of the current international financial conditions on the value of the companies' fixed assets, as well as the necessity for a review of the impairment on goodwill.
Given that the above audit has not been completed yet, it is the non-binding estimate of the Company's management that the impact of such impairment on its EBITDA and net income after minorities will reach approximately euro 70 - 100 million. The Company will provide the investor community with a detailed analysis of the above review, following the publication of its FY2008 financial statements.