Announcement

According to Article 24 Paragraph 2 of Law 3461/2006, it is notified that MICHANIKI S.A. which has submitted obligatory public offer for the purchase of securities from the shareholders of BALKAN EXPORT S.A. company, proceed to the purchase of 8.900 common shares of BALKAN EXPORT S.A. at the Athens Stock Exchange meeting of February 2, 2007 at the total value of 26.274 euros, with average purchase price at 2,9521 euros per share (Maximum price at Euro 2,96 and minimum price at Euro 2,95) thus increasing its participation in the share capital of BALKAN EXPORT S.A. from 51,064% to 51,114%.

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