In accordance with the Athens Stock Exchange Regulation, Sciens International Investments and Holdings S.A. announces the decision of the Company's Board of Directors reached during their 30.06.2009 meeting, to amend the timetable for the use of capital raised provided in the Prospectus of the Company's share capital increase, and the relevant decisions of the General Meetings of shareholders of the Company dated 5.2.2008 and 27.6.2008, as well as the 29.12.2008 decision of the Company's Board of Directors.
Specifically, on 29.12.2008, the Company's Board of Directors had decided that of the total funds raised during the share capital increase decided by the Repeated General Meeting dated 13.07.2007 and amounting to euro 128,147 thousand, approximately 2% would be used within the first half of 2009. On 30.06.2009, the Company's Board of Directors taking into account the current state of financial markets and potential investment opportunities, decided that the 2% of total funds raised, equivalent to euro 3,216 thousand, which had not yet been allocated due to the current adverse conditions dominated capital markets, are to be allocated in the second half of 2009 thus completing the investment of total funds raised by the end of December 2009.