ELVALHALCOR HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A.

Announcement

The company HALCOR S.A. announces that on Friday 29/12/2006 the new common bearer shares of the Company, which occurred from the recent share capital increase by 107,654.00 Euro, due to the exercise of the stock option plan rights from members of the Board of Directors, higher executives and staff of the Company or its affiliated companies, which amount to a total of 4 people commence trading in the Athens Stock Exchange at a selling price of 3.45 Euro, according to the decision of the Ordinary Shareholders Meeting as of 20-6-2002 and of the Board of Directors as of 19-11-2002. The abovementioned increase, which is not a direct amendment of the statutes, was ratified by the Company''s BoD on 5-12-2006, in execution of the abovementioned Shareholders'' Meeting and it was recorded in the Register of Societes Anonymes, with the relevant announcements No Κ2-17442/12-12-2006 and Κ2-17567/12-12-2006. The Board of Directors of the Athens Stock Exchange during its session as of 21/12/2006 approved the listing of the abovementioned 283,300 new common bearer shares of the Company. By decision of the Company''s BoD it is determined that the above new shares will be negotiable in the Athens Stock Exchange on 29/12/2006. As of the same date, the opening price of the company shares shall be determined in accordance with the Regulations of the Athens Exchange and the new shares will have been credited to the Securities Accounts of the beneficiaries in the Dematerialized Securities System. For further information shareholders may be informed by the relevant document, which is available as of 22/12/2006 in printed and electronic form, as well as they may contact the company''s Shareholders Department (tel. +30 22620-48630, Mr. E.Kotsios).