ELGEKA S.A.

DISTRIBUTION AGREEMENT BETWEEN ELGEKA S.A. & IMANCO S.A.

ELGEKA S.A. would like to notify the investing public that today, on the 26th of May, it signed a three year agreement with the company IMANCO S.A. for the exclusive trade and distribution of all IMANCO products in the Greek territory and specifically at wholesalers, Super-Markets and retailers except from chandleries and gift shops.
Starting on the 1st of June, ELGEKA S.A. will undertake the sales, trade-marketing, marketing, logistics and merchandising of the following IMANCO products: candles (standards, scented, decoration, floating, garden, specialty, church accessories), incenses, aromatic oils, paraffin oils - lamps - lanterns, cotton, candles studio linea, toothpicks and party accessories.
The above mentioned agreement will benefit the turnover of ELGEKA and consequently of ELGEKA GROUP by 3.000.000 Euros annually.