ELEFTHERI TILEORASI S.A.

ANNUAL REPORT OF FISCAL YEAR 2007

The company "ELEFTΗERI TILEORASI S.A." informs the investors, that the annual report covering fiscal year 2007, written according to the provisions of resolution nr. 7/372/15.2.2006 of the BoD of the Securities and Exchange Commission, is available on paper version at the company's offices, 36-38 Ag. Paraskevis str., Peristeri, Attica and in electronic version at the company's website www.alter.gr. For further information please contact the Company's Shareholders Service, tel. 210-5707000.