In accordance with article 4.1.3.3 of the Athens Stock Exchange Regulation, MICHANIKI S.A. hereby announces that during the Special Extraordinary General Assembly of the Company's Shareholders of preferential shares, which was set to take place on Wednesday 20th January 2010 at 16:00 hrs at the Company's Headquarters in the Municipality of Amarousio in Attica (91 M. Alexandrou Street and 25th Martiou Street [junction]), 14 natural and legal persons attended and were represented at the meeting, representing 668,023 preferential shares out of a total of 25,968,987 preferential shares, i.e. 2.57%; consequently, the quorum required for discussing the issues on the agenda and making decisions was not reached; the agenda was as follows:
Issue 1) Amending the decision reached by the Extraordinary General Assembly of Shareholders held on 21.02.2002, in order to alter the method of allocation of capital raised from an increase in share capital paid in cash, as decided at the second repeat Extraordinary General Assembly of its shareholders held on 02.08.2000; approving the method that the Board of Directors will use in the administration and allocation of raised capital, deriving from the aforementioned capital increase; granting the necessary authorization to the Board of Directors in order to facilitate the allocation of the aforementioned capital.
Issue 2) Amending (broadening and re-wording) the Company's scope;
Issue 3) Amending article 3 of the articles of association concerning the company's scope in order to reflect the aforementioned alteration'
Issue 4) Nominal decrease of the Company's share capital in order to form a special reserve capital of equal amount in accordance with the provisions stated in §4a) of article 4, C.L. 2190/1920, which has been added upon by virtue of article 32, Law 3763/2009, without altering the number (quantity) of shares and by leaving the entire Company's own capital unchanged'
Issue 5) Amending article 5 and article 32 of the Articles of Association regarding share capital in order to reflect the aforementioned decrease'
Issue 6) Share capital increase by issuing 46,453,256 new common registered voting shares in total, which is to be achieved by paying cash and the right of preference in favour of the Company's old shareholders at a rate of one (1) new common registered voting share per every two (2) old common registered or preferential shares by authorizing the Board of Directors to reach a decision on this within such period of time as may be determined by the General Assembly and to set a disposal price for each share in accordance with provision §6 of article 13, C.L. 2190/1920, as substituted by virtue of §3 of article 19, Law 3604/2007;
Issue 7) Amending article 5 and article 32 of the Articles of Association regarding share capital in order to reflect the aforementioned increase.
Discussion and decision making on the aforementioned 1st, 2nd, 3rd, 4th, 5th, 6th and 7th Issue of the agenda shall take place at the 1st Repeat Special General Assembly of Shareholders of preferential shares, which - in line with a decision reached by the Board of Directors as of 28th December 2009 that has already been published - is to take place on Wednesday 3rd February 2010, at 16:00 hrs at the Company's Headquarters in the Municipality of Amarousio in Attica (91 M. Alexandrou Street and 25th Martiou Street [junction], ground floor, Assembly Hall), without publishing any newer invitation.