TITAN CEMENT COMPANY S.A. announces that the Ordinary General Meeting of Shareholders of 23rd May 2006 decided the share buy back, pursuant to article 16 par. 5 of codified law 2190/1920, of up to one tenth of the total number of the Company's shares, both ordinary and preferred, i.e. 8,433,012 shares, at the maximum price of Euro 50 per share and minimum price of Euro 2 per share , within the twelve month period provided by the law, i.e. until 22nd May 2007.