SANYO HELLAS HOLDING SA announces that on 09/04/2008, in execution of the decision taken at the General Meeting of its shareholders on 07/01/2008, the contracts for two joint mortgage bonded loans were signed, amounting in total to 16 million EURO, between SANYO HELLAS HOLDING SA and SANYO Telecommunications-Commercial SA (affiliate by 100%) on the one hand, and Piraeus Bank, EFG Eurobank Ergasias, National Bank of Greece, Geniki Bank (Bond-holder creditors) on the other hand. The duration of the loans is 8 years. The exclusive purpose of these bond loans is the refunding by 100% of the existing remaining amount of 16 million EURO from old syndicated loans, initially amounting to 38 million EURO.
Mr. P. Ladonikolas, Managing Director of SANYO HELLAS HOLDING SA, stated: "By signing the aforementioned loans and given the current significant reduction of past borrowing by 22 million EURO, one of the Company's strategic goals is achieved. The goal was to dramatically reduce the old non productive borrowing and to arrange the repayment of the existing remaining amount, in a way that does not obstruct the development of the Company's new activities". Note:This announcement is regulated information in accordance to Law 3356/2007 and published in accordance to 1/434/3.7.2007 decision of the Hellenic Capital Market Commission.