ELMEC SPORT S.A.

Announcement

Elmec Sport according to the undersigned agreement with the company Coach, Inc, granting Elmec Sport the exclusive right to import and distribute in Greece its handbags, shoes and accessories collections, announces the opening of its first point of sale inside the department store Attica, in the centre of Athens.
The above development constitutes the beginning of concretization of nine (9) points of sale in the next three (3) years within leading department stores and commercial districts.
Coach has emerged as America's preeminent designer, producer and marketer of fine accessories and gifts for women and men including handbags, business cases, luggage and travel accessories, wallets, outwear, watches, footwear, eyewear, gloves, scarves and fine jewelry. Coach continues to be one of the best recognized accessories brands in the United States.
Coach, based in New York, is a publicly traded company listed on the New York Stock Exchange, traded under the symbol COH. The company employs about 7.500 people worldwide. The turnover of the brand reached the amount of $ 2.6 billion during the fiscal year of 2007.