Following resolution of the Annual General Meeting of Shareholders of SIDENOR S.A. of June 13, 2006 the dividend for the year 2005 amounts to Euro 0,16 per share. The beneficiaries of the dividend are the owners of the Company's shares at the closing of the A.S.E. on June 28, 2006. From June 29, 2006 the Company's shares will be negotiated in the A.S.E. without the right to the 2005 dividend. The dividend will be disbursed according to the new procedure of Athens Stock Exchange Regulations, article 329 and the Regulation of Central Securities Depository, article 39. The payment of the dividend will be made through the network of the ALPHA BANK branches, starting on July 6, 2006, until the end of the year, as follows:
1. To the accounts operators (Custodian Banks and Brokerage companies) of the beneficiaries shareholders, if they have the right to collect the dividend.
2. To those shareholders who have withdrawn or have not given the right to an account operator to collect the dividend, the payment will be effected through the network of ALPHA BANK branches, following -the presentation of their Id. Card, -their details in the Dematerialized Securities System, if they hold their portfolio with the Central Securities Depository.
3. The collection of the dividend by a third person is possible only if, apart from all the above documentation, the bearer has written authorization of the beneficiary with the signature of the beneficiary certified by the Police of by any other competent Authority.

After the end date of the payment for ALPHA BANK branches, the payment will be effected only in the Company's offices (57B Ethnikis Antistasseos, 152 31 Halandri, Athens, Greece). For any other relevant information, the shareholders can contact Mrs Georgopoulou Vana, (0030-210-6861111), at working days and hours.