With our present notification and in accordance with article 281 of the Athens Exchange Regulation (Decision 5/204/14.11.2002 of the Capital Market Commission, as in force), we hereby notify you regarding the information that we have received from Charalampos Vovos son of Armodios, shareholder and Chairman of the Board of Directors of our company. Specifically, regarding the article of the Sunday Elftherotipia of 25/06/2006, that mentions advanced discussions between major shareholders of Babis Vovos International Construction SA and Dubai Investment Group, for the joint creation of a real estate mutual fund, the major shareholder Charalampos Vovos, announces the following: "To date neither I, nor representatives of mine, nor members of my family, have discussed with DIG the possibility of a joint partnership aiming at creating a real estate fund".