According to article 281 of the Regulation of the Athens Stock Exchange and article 2 par. 1, subparagraph e of the Decision 3/347/14.11.2000 of the Hellenic Capital Market Committee, we announce the changes in the composition of the Board of Directors of the Company.
The Board of Directors during its session of April 14, 2006 decided the following:
1. Accepted the resignation of the Member of the Board of Directors Mr. Michel Rose, dated 14.04.2006. Pursuant to articles 11 & 18 of the Company's Articles of Association and in compliance with the statutorily required number of nine members of the Board, Mr. Manolis Chris Kyprianides is elected to replace Mr. Michel Rose, for the rest of the term of office of the resigned member, i.e. until the Ordinary Shareholders Meeting of the year 2006. The ratification of this election will be held during the first forthcoming Shareholders Meeting (Ordinary or Extraordinary).
2. Accepted the resignation of Mr. Jean-Charles Blatz from the position of the Chairman of the Board of Directors, dated 14.04.2006, while Mr. Jean-Charles Blatz remains a Member of the Board. The Member Mr. Manolis Chris Kyprianides is nominated new Chairman of the Board.
Further, according to law 3016/2002 as amended by law 3091/2002, Messrs Manolis Chris Kyprianides and Jean-Charles Blatz were appointed non executive members of the Board of Directors, since they both fulfill the requirements of articles 3 & 4 of law 3016/2002 as amended and currently in force.

Following the above, the composition of the Board of Directors of HERACLES General Cement Company S.A. is as follows:
Manolis Chris Kyprianides Chairman of the BoD, non executive member
Ioannis Pechlivanidis Vice-Chairman non executive member
Albert Corcos Managing Director executive member
Eric Meuriot Member executive member
Jean-Charles Blatz Member non executive member
Agissilaos Karambelas Member non executive member
Anthimos Thomopoulos Member non executive member
Dimitris Danilatos Member independent member
Jacques Gani Member independent member