Notification

A. We disclose according to article 7 and 8 of P.D. 51/1992 change in voting rights percentage of FIRST EUROPEAN RETAIL CORP. in F.G. EUROPE S.A. (indirect investment) through controlled companies GELSTAND LIMITED, DEL MAR INVEST LTD and BELLAVISTA S.A., as follows:
Name of listed Company: F.G. EUROPE S.A. Obligor: FIRST EUROPEAN RETAIL CORP. Title: Common Shares with voting rights. Change in Percentage: Sale (lost of control). Percentage of voting rights before the change: 3,664% (through GELSTAND LIMITED), after the change: 10,993%. Number of common shares with voting rights before the change: 2.000.000, after the change: 6.000.000. Percentage of share capital before the change: 3,664%, after the change: 10,993%. Total number of shares of the company per class: 54.580.374 common shares with voting rights. Obligor''s disclosure to Athens Stock Exchange date of change of percentage: For BELLAVISTA S.A. 7-6-2006 and for DEL MAR INVEST LTD 28-6-2006. Date on which the obligor was informed about the change in percentage: 3-10-2006. Date of disclosure to Athens Stock Exchange of the change in percentage: 3-10-2006.

B. We disclose according to article 7 and 8 of P.D. 51/1992 change in voting rights percentage of Mr. V. Restis in F.G. EUROPE S.A. (indirect investment) through controlled companies DEL MAR INVEST LTD and BELLAVISTA S.A., as follows:
Name of listed Company: F.G. EUROPE S.A. Obligor: Viktor Restis. Title: Common Shares with voting rights. Change in Percentage: Sale (lost of control). Percentage of voting rights before the change: 5,657%, after the change: 0,00%. Number of common shares with voting rights before the change: 3.088.000, after the change: 0. Percentage of share capital before the change: 5,657%, after the change: 0,00%. Total number of shares of the company per class: 54.580.374 common shares with voting rights. Obligor''s disclosure to Athens Stock Exchange date of change of percentage: For BELLAVISTA S.A. 7-6-2006 and for DEL MAR INVEST LTD 28-6-2006. Date on which the obligor was informed about the change in percentage: 3-10-2006. Date of disclosure to Athens Stock Exchange of the change in percentage: 3-10-2006.


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