ELVALHALCOR HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A.

Announcement

In accordance with article 275, paragraph 9d of the A.S.E. Regulation and article 10, paragraph 1 of law 3340/2005, we announce that during FY 2006 an Ordinary Tax Audit of the company was performed for FY 2002-2004. The audit assessed to the company Accounting Differences of a total of Euro 1,278,677.75, of which an income tax of Euro 447,537.21 accrued, with a further tax addition of Euro 246,889.00, thus amounting to a total of Euro 694,426.21. This total sum, due to its one-off payment, was reduced by 5% and the total sum that the company paid amounted to Euro 659,704.90. The company has already burdened the financial statements of 31/12/2006, through the process of forecast, with the abovementioned sum. Thus there will not be any additional financial burden.