AXON S.A. HOLDING

Release of Q1 2008 financial results

AXON HOLDINGS S.A. hereby informs the investing public and shareholders that the condensed Interim Financial Statements of the Company for Q1 2008, shall be published in the newspaper KERDOS on Saturday, May 31, 2008. The aforementioned statements shall also be posted on the website of the Athens Exchange (www.athex.gr) and the Company's website www.axonholdings.gr on Friday, May 30, 2008.