Announcement

We inform the investing public that on Monday 6th of February 2006, ELBISCO HOLDING S.A. will pay-off through its advisor, ALPHA BANK, its existing convertible bond loan, amounting to Euro 23,6 million, issued on the 4rth of February 2003. The redemption of the capital and the interest of the bonds will be carried out via the Central Securities Depository (CSD) via a credit of the respective amounts into the Dematerialized Securities System (DSS) users' accounts, in which bondholders observe their bonds. For shareholders, who observe their bonds into a special account, the respective payment will be realized via the CSD in Athens. Beneficiary-bondholders are those that will have been owners of the bond on the closing of the ATHEX trading session on Thursday 2nd of February 2006, which is the last day of trading of the bonds. For further enquiries, bondholders may contact either the advisor, ALPHA BANK, (Depart. of Sales of Financial Products, tel. 210 326 2090210) or ELBISCO HOLDING S.A. (Shareholders Department, tel. 210 603 9703).


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