Corinth Pipeworks SA informs the investment community that, pursuant to Law 3556/2007, to the Decision 1/434/3.7.2007, the Circular 33 of the Hellenic Capital Markets Commission, the ATHEX Rules and Regulations and following the notification received by its shareholder ELMONTE HOLDINGS LTD on 15/04/2009, that on 14/4/2009 ELMONTE HOLDINGS LTD sold 95.089.856 shares (76.58%) of Corinth Pipeworks SA to its parent company SIDENOR SA, which now holds in total 97.539.856 shares (78,55%) with unchanged voting rights (78,55%). It is noted that the voting rights in Corinth Pipeworks SA held by VIOHALCO and its subsidiaries remain unchanged after the said transaction.