According to article 278 of Athens Exchange and for the reliable and prompt communication with the investors, "ALFA-BETA" VASSILOPOULOS S.A. announces that on April 28, 2006 at 14:00 the Annual Ordinary General Meeting of Shareholders was held. On the total 12.732.720 shares and votes, 10.159.736 shares and votes i.e. 79,79% of total shares were either present or represented, out of which 10.132.726 (79.58%) shares were timely deposited and 27.010 (0,21%) shares were untimely deposited, that is a percentage permitting the General Meeting to resolve on all the items of the agenda. It is noted that 10 shareholders were present, while 9 shareholders were represented either by participants in person or by third parties. During the General Shareholders meeting the following items of the agenda were discussed and the corresponding decisions were taken:
1. Approval of the Annual Financial Statements in accordance with the International Financial Reporting Standards that have been adopted by the European Union for the period 1 January -31 December 2005 after hearing the Report of the Board of Directors and the Report of the Chartered Accountant. The Annual Financial Statements as at 31.12.2005, together with the corresponding reports of the Board of Directors and of the Auditors as well as the appropriation of net profit were submitted and approved. Moreover, the distribution of a dividend of 31 cents per share payable on May 12, 2006 through EFG EUROBANK ERGASIAS S.A. bank was approved. Those who are shareholders of the company after the end of the A.S.E. trading session on 03.05.2006 are entitled to receive dividends. Consequently, starting on May 4th 2006, which is the ex-dividend date, the shares will trade in the Athens Exchange without the right to dividend. Regarding dividend distribution, please refer to our specific anouncement on this subject, which is released today. Voted for: 10.107.721 (79.38%) Voted against: 52.015 (0,41%) Abstained from voting:0
2. Release of the members of the Board of Directors and the Chartered Accountants from any liability for the fiscal year from 01.01.2005 until 31.12.2005. The members of the Board of Directors and the Auditors were released from any liability for the fiscal year from 01.01.2005 until 31.12.2005. Voted for: 10.019.721 (78,69%) Voted against: 52.015 (0,41%) Abstained from voting:0 considering the fact that all the members of the board of directors and the employees of the company voted only by representing their own shares.
3. Election of one regular and one substitute Chartered Accountant for the audit of the fiscal year 2006 and arrangement of their remuneration. The audit company "DELOITTE Hatzipavlou, Sofianos & Cambanis S.A." and specifically Mr Nikolaos Sofianos as regular Chartered Accountant and Mr Telemahos Georogopoulos as substitute Chartered Accountant were elected for the audit of the fiscal year 2006. Their remuneration for the fiscal year 2006 will be defined according to the procedure provided by the regulations of, par.5 and 6 of the article of L.2231/1994. Voted for: 10.159.736 (79,79%) Voted against: 0 Abstained from voting:0
4. Approval of the remuneration of the members of the Board of Directors pursuant to article 24 of Codified Law 2190/20. For fiscal year 2005, the total remuneration of 131.175,6 euro was approved for members of the Board of Directors and the total remuneration of 36.000 euro was approved for the independent on executive members of the Board of Directors. For fiscal year 2006, the remuneration approved for the members of the Board of Directors cumulatively amounts to 176.000 euro maximum. Voted for: 10.159.736 (79,79%) Voted against: 0 Abstained from voting:0
5. Approval of the remuneration for the granting of services by Delhaize Group S.A. pursuant to article 23a of Codified Law 2190/1920. As remuneration for the granting of services by Delhaize Group S.A. pursuant to article 23a of C.L. 2190/20 the net amount of 1.650.000 euro maximum was approved for year 2006. In addition, the excess of 259 thousand euro in year 2005, due to services and technical support granted in excess of the agreed, was approved. Voted for: 10.159.736 (79,79%) Voted against: 0 Abstained from voting:0
6. Ratification of Election of Member to the Board of Directors in replacement of Member that resigned. The replacement of the resigned non executive member mr Jean-Claude Coppieters't Wallant by mr Michael Waller was ratified. Voted for: 10.159.736 (79,79%) Voted against: 0 Abstained from voting:0
7. Amendment of article 2 "Object" and Article 16 "Commissioned Directors and Directors" of the Articles of Association. The amendment of article 2 of the Articles of Association in the form of the addition of an object concerning the granting of management services to other enterprises, local or foreign was approved. Moreover, the amendment of article 16 of the Articles of Association regarding the appointment of Managing Director was also approved. Voted for: 10.158,479 (79,78%) Voted against: 1.257 (0,01%) Abstained from voting:0
8. Approval for subsidy of investment for the modernization-expansion-upgrading of the supply chain units according to investment law 3299/2004. The General Meeting approved the commitment of capital from extraordinary (taxed) reserves of the company, as they accrue in the financial statements of year 2004, for the coverage of the necessary by the Investment Law 3299/2004 percentage of the required own participation, as this percentage will arise upon the final submission to the competent services of the Ministry of Finance of the file regarding the investment plan "Modernization-expansion-upgrading of the supply chain unit at Mandra, Attica" of total budget of 14.500.000 euro approximately, as well as for the working capital for the investment. Voted for: 10.159.736 (79,79%) Voted against: 0 Abstained from voting:0