Further to an article which appeared in the Greek daily financial newspaper IMERISIA on 8 May 2006, entitled "Frigoglass plans a production unit in China" and a relevant query received from the Hellenic Capital Markets Commission (protocol no. 1869/8.5.2006), Frigoglass confirms that its plans for geographical expansion include China and the Americas.
The alternatives under consideration include the establishent of a new plant, a joint venture or an acquisition. Specifically for the Chinese market, in case Frigoglass decides to establish a plant, a preliminary estimate would call for an investment that is not anticipated to exceed Euro 15million. Frigoglass will inform the public of any further developments on the subject.