The company TECHNICAL OLYMPIC SA discloses, that today, the 12th of July of 2006, the Repetitive General Assembly of its shareholders took place, with the one following subject for discussion: "Delegation of power of the General Assembly, according to the article 3a paragraph 1b of the Law 2190/1920 (and to the article 6 paragraph 13 of the deed of partnership), to the Board of Directors of the company for the issuance of Convertible Bond Loan". The occurred quorum percentage of the Assembly came up to 48,67% of the company's shareholders' capital. Because of lack of the quorum (50%) required by the law for the discussion of the above subject, the decisions on that will be taken in a Second Repetitive General Assembly, which, with a decision of the Board of Directors of the company, is set to be realised at 7/25/2006 (Tuesday, at 12:00, at the company's headquarters, 20 Solomou str., in Alimos, Attica).