TITAN CEMENT COMPANY S.A.

Announcement.

Titan Cement Co S.A.announces pursuant to Laws 3340/2005 and 3556/2007 that it has started preliminary discussions with YALCO - S.D. CONSTANTINOU & SON S.A. regarding its porcelain business activities and its subsidiary Ionia S.A. The Company will make an official announcement in case a final agreement is concluded.