OLTH S.A. announces that, on the 1-3-2007, the 10th Extraordinary General Meeting of its shareholders was held, attended by three (3) shareholders, representing 7,527,499 shares out of a total of 10,080,000 shares, the relevant percentage being 74.67756945%, and that the following decisions were made, all upon a quorum rate of 74.67756945%:
1. Election of Mr. Efstratios Makios, son of Thrasyvoulos, as member of the Companys Board of Directors, in replacement of the late Mr. Dimitrios Pallis.
2. Increase of the Share Capital of OLTH S.A. by capitalization of the 2000 fiscal year A'' dividend A'' by Euro 1,063,536.00, as well as of a part of the special non taxable reserve of L.2881/2001, by Euro 1,960,464.00, so that it amounts to Euro 33,264,000.00.
The above increase shall create 1,008,000 shares, of nominal value Euro 3.0 each.
The new shares shall be 1/10 distributed, free-of-charge, to the shareholders, on the third workday after the date of approval of the shares listing, and shall have a dividend right in the profits of the fiscal year 2007.
At the same time, article 5 of the Articles of Association Share Capital Shareholders was amended as regards the above increase of the share capital. The BoD was authorized to handle the matters that may arise due to fractional share balances.
3. Modification of the remuneration of the Chairman of the BoD/ OLTH S.A., which was approved by the Ordinary General Meeting of the 15/6/2006, so that, instead of attendance expenses the Chairman of the BoD be paid a remuneration of Euro5,000, gross, fourteen (14) times per year, starting from the date of his/her election (15-6-2006).
There were no announcements during the Extraordinary General Meeting.