SPRIDER STORES S.A

Announcement

SPRIDER STORES Group announced that as of Wednesday, June 25, 2008, Mr. John Georgiades assumed the position of the Group's Internal Auditor. Mr. Georgiades was born on 1970 in Athens. He has studied Business Administration and Economics in the University of Pireaus and the Athens University of Economics correspondingly. He speaks English. Mr. Georgiades' during the past twenty years held similar executive positions in Greek and multinational enterprises.