PLACEMENT OF THE DISTINCTIVE TITLE

   
PRESS RELEASE 

The Board of Directors of GR. SARANTIS S.A. would like to inform the investor community that the Extraordinary General Shareholders meeting of the company which took place on 21/12/2006 approved, amongst other issues, the placement of the distinctive title "SARANTIS" for the Company.

The Ministry of Development approved, with the No Κ2- 18206/2007 decision, the relevant amendment of the Company’s Articles of Association.

The Athens Stock Exchange Board of Directors during its meeting on 18/01/2007 was informed of the above decision. Following that, the Athens Stock Exchange Board of Directors set the date it will use "SARANTIS" as the distinctive title of the company to be the 24/01/2007.
For more information the shareholders of the company can contact the Shareholders Service Department (tel. 210-6173065, Mrs Eleni Pappa).