ALAPIS Α.Β.Ε.Ε.

Purchase of own shares for the period 01/07 - 17/11/2008

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. Between August 20th, 2008 and August 28th, 2008 1,137,507 own shares, of total value Euro 1,977,340.54 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.74 per share.
7. Between August 29th, 2008 and September 8th, 2008 1,301,731 own shares, of total value Euro 2,226,951.27 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.71 per share.
8. Between September 9th, 2008 and September 17th, 2008, 2,084,569 own shares, of total value Euro 3,345,562.78 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.60 per share.
9. Between September 18th, 2008 and September 26th, 2008, 4,198,950 own shares, of total value Euro 6,620,547.08 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.58 per share.
10. Between September 29th, 2008, and October 7th, 2008, 5,784,876 own shares, of total value Euro 8,454,140,71 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.46 per share.
11. Between October 8th, 2008, and October 16th, 2008, 7,326,222 own shares, of total value Euro 10,001,762.25 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.37 per share.
12. Between October 17th, 2008, and October 27th, 2008, 10.284.655 own shares, of total value Euro 10.771.256,83 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1,05 per share.
13. Between October 29th, 2008, and November 6th, 2008, 7,865,647 own shares, of total value Euro 9,434,713.24 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1,20 per share.
14. On November 7th, 2008 a total of 670,000 shares were purchased at the average price of Euro 1.24 per share. Total value of the transaction was Euro 831,000.00.
15. On, November 10th, 2008 a total of 399,043 shares were purchased at the average price of Euro 1.25 per share. Total value of the transaction was Euro 500,743.96.
16. On November 11th, 2008 a total of 607,250 shares were purchased at the average price of Euro 1.23 per share. Total value of the transaction was Euro745,672.50.
17. On November 12th, 2008 a total of 354,000 shares were purchased at the average price of Euro 1.24 per share. Total value of the transaction was Euro 439,430.00.
18. On November 13th, 2008 a total of 571,227 shares were purchased at the average price of Euro 1.20 per share. Total value of the transaction was Euro 684,387.86.
19. On, November 14th, 2008 a total of 601,826 shares were purchased at the average price of Euro 1.26 per share. Total value of the transaction was Euro 757,405.45.
20. On November 17th , 2008 a total of 433,035 shares were purchased at the average price of Euro 1,27 per share. Total value of the transaction was Euro 551,061.29.
The abovementioned 56,439,273 own shares, of total value Euro 78,732,706.93 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.39 per