Pursuant to article 4.1.3.1 of the Athens Stock Exchange Regulation, Corinth Pipeworks S.A. announces that the ordinary tax audit for year 2007 was completed. Additional tax of EUR 29,028, plus surcharges of EUR 11,183 (EUR 40,211 in aggregate) were levied. However, a relevant provision of EUR 50,000 has been formed and consequently there will not be any additional burden on its financial results and equity.