Frigoglass announces the outcome of the sale of fractional shares

Athens, Greece, 11 May 2011 – Frigoglass S.A.I.C. (the "Company”) announces the sale of 2,368 fractional shares, which were derived by the share capital increase approved at the Annual General Meeting of the Company on 31 May 2011.

The net proceeds of the sale, after deducting the related expenses and taxes, amounted to 10.124,25 Euro and will be deposited to the Hellenic Loan and Consignment Fund in favor of the beneficiaries within seven (7) business days following the date of completion of the sale (i.e. 16 May 2012), according to the decision 13/375/17.3.2006 of the Board of Directors of the Hellenic Capital Markets Commission.

To collect the corresponding amount from the Hellenic Loan and Consignment Fund, the beneficiaries (individuals) will be presenting their ID card or other official proof of their identity document and a printout of the Dematerialised Securities System (DSS) data. The beneficiaries (legal entities) will provide supporting documentation as listed in Ministerial Decree 2/36842/0094 (Government Gazette V/1794/7.9.2007) and print the data portion of the Intangible Securities System (DSS).

The representatives of the beneficiaries will provide such authorization attested by a Public Authority with details of the person and authorized. For any further information please contact the Investor Relations Department of the Company at +30 210 61 65 757 and +30 21 61 65 767.

ENQUIRIES
Frigoglass
John Stamatakos
Investor Relations Manager
Tel: +30 210 6165767
E-mail: jstamatakos@frigoglass.com

European financial press contact
FTI Consulting
Mark Kenny/Jonathan Neilan
Tel: + 353 1 66 33 686
E-mail: Jonathan.Neilan@fticonsulting.com