Ηellas online S.A. (the "Company") announces that its Board of Directors, at its February 3, 2009, meeting decided the following: Following the relevant authorization of the December 12, 2008, Extraordinary General Meeting of the Company's shareholders to the Board of Directors to determine the offer price of the new common ordinary shares to be issued for the increase of the Company's paid up share capital by up to euro 26,938,461.80 in cash and the issuance of 31,692,308 new common ordinary shares, each with a nominal value of euro 0.85 (the "new shares") and granting pre- emption rights in favor of the Company's existing shareholders at a ratio of 1 new share for 3 existing ones, the Board of Directors, taking into account the aforementioned EGM's decision according to which the offer price of the new shares will be higher that the market price of the Company's shares at the ex-right date, decided and announces that:
1. The offer price of the new shares will be euro 1.60 per share.
2. Following the completion and full subscription of the aforementioned Share Capital Increase, the Company's paid up share capital will amount to euro 107,753,847.20 divided into 126,769,232 common ordinary shares, with a nominal value of euro 0.85 each. The total gross proceeds are expected to amount to euro 50,707,692.80. The difference between the nominal value and the offer price of the new shares will be credited to the "Share Premium Reserve" account.
3. The ex rights date, the pre emption rights exercising period and the pre emption rights trading period at the ASE will be determined by the Company's BoD and shall be communicated to the Shareholders with a later announcement.