At the request of the Hellenic Capital Market Committee, Frigoglass today further clarifies financial disclosure relating to the acquisition of SFA Sogutma Sanayi Ic Dis Ticaret A.S.
Frigoglass informs the investor community that in Note 23 of the Annual Financial Statements dated 31/12/2008 as well as of the Interim Financial Statements dated 31/03/09 and 30/06/09, the line «Goodwill arising on Acquisition" amounting to ?16,427 thousand within the table refers to the goodwill recognized in the Consolidated Financial Statements. This amount equals the difference between the fair value of net assets acquired, being euro(1,431) thousand, and the total acquisition cost of euro 14,996 thousand.
As a result, the fair value of net assets acquired amounts to euro(1,431) thousand, while the Consolidated net assets were increased by euro 14,996 thousand after the acquisition of SFA.
The above information does not affect the financial position and performance of the company.