TITAN CEMENT COMPANY S.A.announces the resignation of Mr. Apostolos Tamvakakis, independent non-executive member of the Board of Directors. The Board of Directors of the company at its meeting of today (17.12.2009) decided pursuant to article 25 par. 2 of the Company's Articles of Association not to replace its resigned member for the remaining BoD tenure, which expires at the following Annual General Meeting of Shareholders.