S & B INDUSTRIAL MINERALS S.A.

Share Buy back

S&B Industrial Minerals S.A. announces in accordance with article 4 par.4 of Commission Regulation no 2273/2003 of the European Communities, that the Company has proceeded to the purchase of own shares, pursuant to the decision of the Annual General Meeting of Shareholders dated 14th May 2008 and the resolution of the Board of Directors dated 8th April 2008, as follows :
1) On 7.7.2008, the Company purchased 1.920 shares, with an average purchase price Euro 9.27 per share and a total purchase price Euro 17.807,04.
2) On 9.7.2008, the Company purchased 997 shares, with an average purchase price Euro 9.59 per share and a total purchase price Euro 9.561,50.
3) On 10.7.2008, the Company purchased 500 common shares, with an average purchase price Euro 9.50 per share and a total purchase price Euro 4.750.
4) On 11.7.2008, the Company purchased 200 common shares, with an average purchase price Euro 9.50 per share and a total purchase price Euro 1.900.
The above 3.617 shares in total, were purchased through Alpha Finance, with an average purchase price Euro 9.41 per share.