Regarding the offer of SIDENOR S.A. shares in the ATHEX within the framework of its stock option plan to offer shares to its employees (article 4 par.2f) SIDENOR S.A. (the Company), within the scope of the annual implementation of the approved by the Shareholders' Meeting stock options plan to top executives (and to top executives of its affiliated companies) for the purchase of company shares, informs the investment community on the finalized data of the implementation of the Plan, the offer price and the number of shares offered, for which the company will request that they be listed for trading at the Athens Exchange, as follows:
1. The offer was intended for seven (7) Company executives and concerned a total of 139,517 SIDENOR new common registered shares, of par value Euro 0.41 each, with the offer price of the new shares been set at Euro 3.55 per share. Finally 114,417 new common registered shares were offered to six (6) Company executives who exercised their options until 30/11/2009 in conjunction with the terms and conditions of the plan.
2. Following the resolutions of the Company's Board of Directors pursuant to the proxy granted by the General Meeting of its Shareholders, in 2002 a total of 901,900 options have been offered to Company executives (and executives of its affiliated companies), out of which a total of 737,282 options have been exercised of the 762,382 options that have matured. The remaining will mature gradually until November 30th, 2011.
3. On 30/11/2009, the amount of the share capital increase in cash was paid in full and was ratified via the resolution of the Company's Board of Directors as of 2/12/2009. The excess amount arising from the difference between the offer price and the share's par value amounting to Euro 359.269,382, will be accounted for by crediting the ''Share premium'' account. On 8/12/2009, the Ministry of Finance, Competition and Shipping recorded in the Registry of Societes Anonymes, the Announcements No. Κ2-12515, containing the information regarding the aforementioned share capital increase and the ratification of the payment of this share capital increase.
4. Pursuant to the aforementioned options exercising, the Company's share capital increased by the amount of Euro 46,910.97, while the share premium reserve increased by Euro 359,269.38. Following the aforementioned share capital increase, the Company's share capital amounts to Euro 39,460,002.28 divided into 96,129,491 common registered shares of par value 0.41 Euro each.
5. The Company will proceed to all legal actions, according to the legislation in force, in order for the new shares to be listed for trading at the Athens Exchange.
Accountable persons for the drafting of the information circular: Responsible for the drafting of this information circular and the accuracy of its contents is Mr. Konstantinos Natsis, Group CFO (Ethnikis Antistaseos 57b- Chalandri 15231):
Interested parties may obtain the information circular under Law 3401/2005 at the Company head offices in Athens (Ethnikis Antistaseos 57b- Chalandri 15231) and in electronic form at the Company's website (www.sidenor.gr). For further information, please contact the Shareholders? Department at the Company head offices, during business days and hours (tel.: +30 210-6787773).