Titan Cement Company S.A. announces that according to the Stock Option Plan  for senior Company and Group executives which has been approved by the General Meeting of Shareholders of 8.6.2004,as now in force ,  59 beneficiaries are entitled to exercise, until 11.12.2008,  stock options for 41.140 new common Company shares with exercise price equal to the Company’s share par value, which is 4 Euro per share.  40.740 of the above stock options had been granted in 2006 and their vesting conditions were met in December 2008 after the lapse of three years while 400 options had been granted in 2005 , their vesting conditions were met in December 2007 and unless exercised within December 2008 they will be forfeited. Depending on the number of stock options to be exercised by the beneficiaries, the Company Board of Directors at its meeting on 16.12.2008 shall increase the Company share capital pursuant to article 13(9) of Codified Law 2190/1920 , issue new common registered shares and proceed to all actions for the listing of the new shares for trading in the Athens Exchange.