ALUMIL Administration proudly announces the commencement of procedures for the Initial Public Offering of subsidiary ALUMIL ROM INDUSTRY S.A. to the Bucharest Stock Exchange. ALUMIL ROM is the largest Romanian group - headquarters in Bucharest, over 300 employees - for aluminium profile systems for architectural use, certified from world known institutes (IFT Rosenheim, Ral, AAMA New York, etc.). It also provides industrial profiles for various uses, composite panels (J-Bond), polycarbonate sheets, automation systems, interiors, aluminium & plastic accessories & supplementary products. Company products are considered pioneering in terms of quality, design and functionality. ALUMIL ROM possesses a powder coating profiles (painting unit) unit of 6.000 tons per year and a thermal-brake profiles unit of 3.000 tons per year; the latter through its 100% owned subsidiary ALUMIL EXTRUSION. It exploits the largest national distribution network with warehouses in 23 cities, i.e. Bacau, Brasov, Cluj-Napoca, Constanta, Galati, Slatina, Timisoara, etc., and more than 80,000 m2 land plots and 26,000 m2 industrial sites and offices. 2006 - 2008 investment plan surpasses Euro 8 m. for warehouses expansion and upgrading production capacity (Logistics Centre, Robotics Systems, etc.). Consolidated net turnover for 2005 reached Euro 23 m. (RON 84,47 m.) while EBITDA and net, after tax earnings exceeded Euro 4.4 m. and Euro 3.63 m. respectively (RON 16,26 m. and RON 13,35 m. respectively), under IFRS.

Subsidiary ALUMIL EXTRUSION operates also in producing, trading and distributing aluminium products in Romanian market. Industrial site is established in Fillipesti De Podure, a favourable tax-incentives area. Past investments and hybrid-sales-network boosted growth: During the past years, fixed asset investments surpassed Euro 5 m. providing ROM the competitive advantage of increased production capacity and direct accessibility for ROM products nationally. It takes less than 90 km. to enter into a ROM warehouse, no mater where you start from, throughout the country. Aluminium profile products follow a wide variety of uses in many fields, thus creating opportunities ALUMIL ROM has to exploit through the development of new products, expanding at the same time its capacity. New investments shall provide the necessary bridge for the next step forward. Strong domestic operations: ALUMIL ROM remains the undisputed market leader since 1998, having a steadily increasing market share in the Romanian aluminium profiles market. A 37% market share is achieved for 2005, 3% more compared to 2004 (34%). Consolidated turnover and after tax earnings out pasted a 34% and 30% growth respectively the past 3 years. Drivers for this growth - apart from the brand itself - were the significant load of private projects (new & renovated residences, hotels, banks, etc.), as well as the considerable increase in large infrastructure building activity throughout Romania (universities, public buildings, hospitals, etc). Opportunities from wider diversification: ALUMIL ROM exploits significant opportunities: 1. providing new aluminium products, 2. enhancing its distribution network covering existing as well as new markets in Romania and internationally, thereby diversifying its geographical presence and 3. entering into Niche, high value-added markets, i.e. polycarbonate sheets, composite panes, namely J-Bond. Regarding IPO procedures, it is noted that ALPHA FINANCE ROMANIA, subsidiary of ALPHA ΒΑΝΚ is the Lead IPO Manager. Legal and Operational Due Diligence are set; the financial Due Diligence is run by ERNST & YOUNG Assurance & Advisory Business Services S.R.L.; to be completed also. Procedures are evolving as scheduled. Target remains the trading of ALUMIL ROM share within the last quarter of 2006, clearly assuming however that the overall market conditions remain favorable.

Parent company ALUMIL is the largest aluminium extrusion and profiles production private European extruder (No 1 in Greece since 2000) establishing production sites, large sales networks and warehouses for products targeting architectural & industrial use, shipbuilding, transportation, etc. With 25 subsidiaries, 19 of which are spread throughout Europe, Africa and the Middle East, ALUMIL established 13 integrated production sites in four Hellenic industrial areas, Romania, Bulgaria, Serbia, Bosnia and Alba nia. The Group provides more than 85,000 aluminium profiles tons per year; a significant competitive advantage remains its widespread sales network in Greece and in every client-country. Parent company was founded in 1988 and since 1998 is listed in the Athens Stock Exchange. Included five times in GrowthPlus' Europe's 500, ALUMIL's Group sales reached Euro 190 m in 2005, and EBITDA exceeded Euro 31 m. ALUMIL offers also sound partnerships with top European industrial design centers such as Porsche Design, innovation with a strong customer focus, providing branded metal solutions to an increasingly sophisticated marketplace in 45 markets in Europe, the Balkans, the M. East, Africa and the U.S.A. (Symbols: Athens Stock Exchange: ΑΛΜΥ, Reuters: ALMr.AT, Bloomberg: ALMY GA, Telerate (Bloomberg): GR;ALMY).