The Company announces that on December 23, 2009, after the passing away of Christos D. Lambrakis, Executive President of the Board of Directors and the resignation of Mr Anastasios Giannitsis, Independent Non-Executive Member, the Board of Directors resolved to appoint in their position Ms Christina Tsoutsoura-Psychari as Executive Member and Mr Nikolaos Koritsas as Independent Non-Executive Member of the Board of Directors.

Τhe new composition of the company's Board of Directors is the following: 1. Stavros Psycharis, Executive President and Managing Director 2. Panos Psycharis Executive Vice President, 3. Juan Luis Cebrian, Independent – Non Executive Member, 4.Jean-Marie Colombani, Independent – Non Executive Member, 5.Pantelis Kapsis, Executive Member, 6.Nikolaos Koritsas, Independent – Non Executive Member, 7.Tryphon Koutalidis, Executive Member, 8.Ioannis Manos, Executive Member, 9.Stergios Nezis, Executive Member, 10.Ioannis Paraschis, Independent – Non Executive Member, 11.Nikolaos Pefanis, Executive Member, 12.Victor Restis, Non Executive Member, 13.Antonios Trifyllis, Independent – Non Executive Member, 14.Christina Tsoutsoura-Psychari, Executive Member.

Furthermore the Board of Directors resolved to appoint Mr Nikolaos Koritsas as new member of the Audit Committee of the Company.  As result the new composition of the company's Audit Committee iw the following: 1. Nikolaos Koritsas, Independent – Non Executive Member, 2. Ioannis Paraschis, Independent – Non Executive Member 3. Antonios Trifyllis, Independent – Non Executive Member