DECISIONS OF THE B’ REPEATED GENERAL MEETING

On 18/06/2008, Wednesday and at 17:00, the B’ Repeated General Shareholders’ Meeting of “GR. SARANTIS S.A.” took place. During the General Meeting, the Company gathered the required by the law quorum and majority, while 39 shareholders were present representing 20,311,368 shares of a total 38,350,940 shares (i.e. 52.96% of the company’s share capital). Thus, the company was able to make decisions on the daily agenda issue regarding the amendment of the stock option plan. 

The above Meeting approved the amendment of the stock option plan with 16,102,126 positive votes (i.e. 79% of the present votes). In particular, the General Meeting decided that up to sixteen option series will be issued according to the current plan, while the additional shares that can be issued by the Board of Directors are 1,500,000 (one million and five hundred thousand shares). Moreover, the General Meeting decided to add new option series and amend the “Option Series” definition. Furthermore, the “Exercise Price” definition was amended in order to set an exercise price for the new series.