Following announcement dated 6.12.2010, Titan Cement Company S.A. hereby informs the public, regarding the implementation in 2010 of the Stock Option Plan, which was approved by the General Meeting of Shareholders dated 29.5.2007. In the framework of the said Stock Option Plan, a fraction of stock options which had been granted in 2007 and 2008 to executive Board members of the Company and senior Company and Group executives as a way of having their own long term personal aspirations fully aligned with the interests of the Company and its Shareholders, matured in December 2009 and December 2010 respectively, after the partial fulfillment of the terms and conditions provided by the Plan.

More specifically:

1. 73 senior Company and Group executives including five executive members of the Board of Directors of the Company have declared in writing their intention to exercise their stock option rights.
2. 37,722 new common Company shares, of a nominal value of € 4 each, were finally allocated at an exercise price of € 4 per share, equal to the nominal value of the each Company share.
3. The total purchase price for the allocated shares amounted to € 150,888 and full payment was completed on 10.12.2010.
4. The increase of the Company Share Capital by € 150,888 , corresponding to the nominal value of the new shares (37,722 shares x 4 Euro), was approved on 16.12.2010 by the Board of Directors of the Company. The full payment of the share capital increase was verified by the Board of Directors on the same above date (16.12.2010). The Ministry of Development by virtue of announcements K2-11717 and K2-11717/22.12.2010 approved and registered the above capital increase as well as the respective capital increase payment verification.
5. Following the above share capital increase, the fully paid up share capital of the Company amounts to € 338,455,36 and is divided among 84,613,840 share, having a nominal value of € 4 each. 77,044,880 shares are common shares and 7,568,960 are preference non - voting shares
6. The Company will take all appropriate actions, according to the legislation in force, for the introduction of the new shares for trading at the Athens Exchange.

Responsible for compiling this informative material, and ensuring the accuracy of the information presented therein, are:
1. John Kollas, Group HR Director, Halkidos 22A. tel.: 210 2591461
2. Takis Canellopoulos, Investor Relations Officer, Halkidos 22A, tel.: 210 2591531

Interested parties can obtain this informative material from the Company’s offices at 22A Halkidos Street, 111 43 Athens, and in electronic form from our website (http://www.titan-cement.com).

For additional information , please contact Mrs. N. Kalesi at the Shareholders Service Department, tel.: 210 2591257, during working hours. 24.12.2010