Χ. ΡΟΚΑΣ ΑΒΕΕ

Announcement

C. ROKAS S.A. (hereinafter the "Company") announces, according to article 27 L.3461/2006, that it has been informed by IBERDROLA RENOVABLES S.A. (hereinafter the "Offeror"), that the latter submitted to the Hellenic Capital Market Commission a request for the squeeze - out of the Company's remaining shares at a price equal to that of the tender offer that was submitted on 1 July 2008 for the acquisition of the total ordinary and preferred shares in the Company, hence 16 Euros per ordinary share and 11 Euros per preferred share in cash, according to the legislation in force. The Offeror will assume the payment of the 0.08% clearance duties levied in favour of HELEX in relation to the registration of the off-exchange transfer of the shares, which would otherwise be payable by the shareholders of the Company. The Offeror will not assume the payment of the sales transfer tax 0.15% imposed on the transfer value, in accordance with Article 21 of Law 3697/2008, which burdens the off-exchange transfers of shares that have been acquired by the shareholders of the Company until 31 December 2008.