METLEN ENERGY & METALS S.A.

Briefing on the decision of the Special General Assembly of the Company's Shareholders on June 14 2006

At the Special General Assembly of the Company's Shareholders, which took place on June 14 2006, 14:00, at the Company's headquarters (5-7 Patroklou street, Maroussi, Attika), 15 shareholders were legally present, representing 15,595,897 shares - that is, a 38.49% of the paid share capital of the Company. The General Assembly decided, with a majority of 15,585,897 shares, to acquire own shares through the Athens Stock Market, according to the provisions of article 16 par. 5 of 2190/1920, the number of which should not exceed the 10% of its total shares, with a minimum buying price Euro 5 and a manimum of Euro 35 per share, for a period of one year from the date of the Special General Assembly. The Board of Directors was authorized to designate the details and implement the above decision.