Conversion of share nominal value

The Extraordinary General Meeting of the company’s shareholders on December 19, 2001 approved the conversion of the share capital and the share par value to Euro. 

For that purpose, the General Meeting approved the share capital increase through the capitalization of reserves by GrD 246.492.131 or Euro 723.381,16 and the increase of the nominal value of the share from GrD 100 to GrD 102,225 or Euro 0,30 each.So, the Company share capital amounts to GrD 11.324.790.131 or Euro 33.234.894,00 divided into 110.782.980 shares of a par value of Euro 0,30 or GRD 102,225 each. 

The aforementioned share capital increase was approved by the K2-17690/14.1.2002 decision of the Ministry of Development. The Board of Directors of the A.S.E., during its session on January 31, 2002, was informed of the above share capital increase and the conversion of the share nominal value and share capital in Euro. As of Thursday, February 7, 2002, the shares of the Company will trade on the A.S.E. at the new par value of Euro 0,30 per share.