CORINTH PIPEWORKS HOLDINGS S.A.

Dissemination of the 2007 Annual Report

Corinth Pipeworks S.A. announces that the Annual Report of year 2007, prepared according to the provisions of the Decision of the Capital Market's Commission Board of Directors with No. 5/204/14.11.2000 & 7/372/15.2.2006 , is available as of today, Tuesday, May 27th, 2008 at the company's website http://www.cpw.gr and on Athens Exchange website http://www.athex.gr as well as in hardcopy form at the Company's headquarters.