DECISIONS OF THE EXTRAORDINARY GENERAL SHAREHOLDERS MEETING

On 21/12/2006, Thursday and at 16:30 p.m., the Extraordinary General Shareholders’ Meeting of “GR. SARANTIS S.A.” took place at the company’s registered offices. During the General Meeting, 39 shareholders representing 53.6% (20.448.097 out of 38.146.940 shares) of the company’s shares with voting right were present, and thus the company had the required by the law quorum to make decisions on the 1st and 5th of the daily agenda issues, while the discussion and decision making on the 2nd, 3rd and 4th of the daily agenda issues will take place during a repeated general meeting.

Specifically, the above Meeting:

1. Approved the placement of the distinctive title “SARANTIS” for the Company and the relevant amendment of the article 1 of the Company’s Articles of Association.
2. Gave approval in order for the company and other companies upon which members of the BoD and their up to third degree relatives by blood, to enter into a lease agreement, according to the article 23, a §2 of PL 2190/1920.

Maroussi, December 21 2006