S&B Industrial Minerals S.A. (the "Company") informs the public that following resolution of the General Shareholders Ordinary Meeting on 1/6/2006, has decided to proceed with a share capital increase by 72.230 euro and issue of 72.230 new shares of nominal value one (1) euro each and issue price at premium, through capitalization of an equal amount of previous years taxed profits that had been recorded in reserves, so as to be disposed to nine (9) top management executives of the company and of affiliated companies, as well as to executive members of the Board of Directors.
This disposal will take place as recognition of the efforts and achievements of the above executives in 2005 according to judgment of the Board of Directors. The news shares will be further distributed to the company s top management executives based on article 1 par. 2 of P.D.30/1988:
"The distribution of shares according to par. 1 of P.D.30/1988 is optional and resolved by the General Meeting of the company owning the shares to be distributed by quorum required and majority defined in articles 29 par. 1,2 and 31 par. 1 of the Cod. L. 2190/1920. For this purpose the company acquires the shares either through purchase or issue of new shares via share capital increase contributed by indisposed profits or covered by the shareholders. The shares to be distributed can be common or preferred.
Beneficiaries can be individuals of any kind of employment relationship with the company or affiliate. The distribution of shares is ordered by the Board of Directors and delivery of the shares to the beneficiaries. The resolution of the General Meeting defines in particular the kind and number of shares to be distributed, the beneficiaries and any other relevant detail not otherwise regulated by law."
Since the issue of these shares is in favour of employed personnel, according to the above conventions, there will be no exercise of the pre-emptive right of old shareholders. Hence, following this increase the share capital amounts to 30.454.000 euro divided to 30.454.000 shares of nominal value one (1) euro each.
Responsible for the drafting of this information note and of the accuracy of its content is Mr. Sotiris Hatzikos, Chief Financial Officer of the Group. The present note is available at the company s offices in Kifissia, 15 A. Metaxa str, 145 64 Kifissia and in electronic form at the corporate website www.sandb.com

For any further information the shareholders may contact during working days and hours the shareholders department, Ms. Ilia Bardani, tel: +30 210 6296153.