MICHANIKI S.A.

Announcement according to law 3556/2007

MICHANIKI S.A, in accordance with the provisions of law 3556/2007, art. 21 coupled with the art. 11 of Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission, notifies that the shareholder and Board Chairman of the company, Mr. Emfietzoglou Prodromos proceeded on July 22, 2008 with the purchase of 6,000 registered common shares of total value euro 19,600 on July 23, 2008 with the purchase of 7,000 registered common shares of total value euro 23,480 and on July 24, 2008 with the purchase of 10,006 registered common shares of total value euro 33.860.