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ANNOUNCEMENT

18 DECEMBER 2006

    
ANNOUNCEMENT

We would like to inform you and the Investors Community that Ms. Pappa E. is now the responsible for the Corporate Announcements and the Shareholders Service.

Comments on press articles

Following electronic press articles, GR. SARANTIS S.A. (“the Company”) informs the investment community that the Company is not contemplating any placement process regarding the Company’s treasury shares.
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