TITAN CEMENT COMPANY S.A.

Register number  6013/06/B/86/90 of  the Register of Societés Anonymes

ΤΙΤΑΝ CEMENT COMPANY S.A. announces that the Company’s General Assembly of 20/5/2008 decided the increase of the Company’s share capital by an amount of Euro 169.065.148 through the capitalization of the following reserves, namely a. of a special untaxed reserve of article 20 of Law 1892/1990 b. of  a reserve from the revaluation of real estate assets pursuant to the provision of Law 2065/1992, which has been included in  the account «Results carried forward»  of the published IAS compliant Financial Statements and c. of part of a special taxed reserve,   and the increase in the nominal value of all Company shares from Euro 2 to Euro 4 each . 
 

Following the above decision, the Company’s share capital amounts to Euro 338.130.296 and is divided into 84.532.574 shares of a nominal value of Euro 4 each,  from which 76.963.614 are common shares and 7.568.960 are preference without voting shares.
 

The Ministry of Development by virtue of  K2-6974/9.6.2008 decision approved the modification of the relevant clause of the Articles of Association of the Company.

 

The Administrative Council of the ASE was informed at its meeting on 12/6/2008 on the above increase of the nominal value of the Company shares  from Euro 2 to Euro 4 per share.

 

In view of the above , starting June 19, 2008, the Company shares will be traded in the Athens Stock Exchange  with their  new nominal value i.e. Euro 4 per share.