Titan Cement Company S.A, following announcement dated 8.12.2008 regarding the implementation this year of the Stock Option Plan to senior Company and Group executives which has been approved by the Annual General Meeting of Shareholders dated 8/6/2004, as now in force, and in accordance with article 4 paragraph 2 f of Law 3401/2005, hereby informs the public, as follows:
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16 beneficiaries declared in writing their intention to exercise their stock option rights.
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14,200 new common registered shares of the Company, of a nominal value of € 4 each, were finally allocated.
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The exercise price had been set to € 4 per share, equal to the nominal value of the Company Share.
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The payment of the purchase amount of the above mentioned shares was completed on 11.12.2008 and amounted to € 56,800.
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The share capital increase by € 56,800, which corresponds to the nominal value of the new shares (14,200 shares x 4 Euro ), was decided by the Board of Directors on the 16.12.2008 and the payment of the capital increase was also verified by the Board of Directors on the above same date (16.12.2008). The Ministry of Development by announcements K2-15564 and K2- 15564 (2)/23.12.2008 approved and registered the above capital increase and verification of payment thereof.
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The share capital of the Company, after the above mentioned increase, amounts to € 338,187,096 and is divided into 84,546,774 shares, of a nominal value of € 4 each, 76,977,814 of which are common shares and 7,568,960 are preferred shares with no voting rights. The share capital of the Company is fully paid up..
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The Company will take all appropriate actions, according to the legislation in force, for the trading of the new shares in the Athens Exchange.
Responsible for compiling this informative material, and ensuring the accuracy of the information presented therein, are:
1. Eleni Papapanou, Lawyer, Company Secretary, Halkidos 22A, tel.: 210 2591610
2. John Kollas, Group HR Director, Halkidos 22A. tel.: 210 2591461
3. 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.