Titan Cement Co. S.A. announces pursuant to Law 3556/2007 and Decision 1/434/03.7.2007 of the Hellenic Capital Market Commission and following relevant notification pursuant to article 13 of Law 3340/2005, that on 16th December 2010 Mr. Nellos Panagiotis Canellopoulos and Mr. Takis Panagiotis Canellopoulos, both executive members of the Board of Directors of the Company and shareholders of the public Cypriot company EDYVEM ELLINIKA DOMIKA YLIKA VIOMICHANIKH EMBORIKI METAPHORIKI DIMOSIA ETAIRIA LTD (ΕΔΥΒΕΜ ΕΛΛΗΝΙΚΑ ΔΟΜΙΚΑ ΥΛΙΚΑ ΒΙΟΜΗΧΑΝΙΚΗ ΕΜΠΟΡΙΚΗ ΜΕΤΑΦΟΡΙΚΗ ΔΗΜΟΣΙΑ ΕΤΑΙΡΕΙΑ ΛΤΔ ) contributed to said Cypriot entity 60,000 common shares of the Company each, by way of subscription to a capital increase through an Over the Counter (OTC) transaction.