'CORINTH PIPEWORKS SA', pursuant to L. 3556/2007 (article 21 in conjunction with article 3 par. 1, (ist), (bb)) and in conjunction with article 11 of decision 1/434/03.07.2007 of the Hellenic Capital Market Commission, announces that on April 14, 2009 ELMONTE HOLDINDS LTD sold 95,089,856 shares (76.58%) of the company CORINTH PIPEWORKS SA to its parent company SIDENOR S.A. (which now directly holds 97,539,856 shares (i.e. 78,55%) with unchanged voting rights), a legal entity related to the Member of the Board of Directors Mr. Andreas Kyriazis son of Sotirios, (liable person according to article 13 of L. 3340/2005).