MICHANIKI S.A.

Announcement

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 17, 2008 with the purchase of 6,000 registered common shares of total value euros 18,960 on July 18, 2008 with the purchase of 7,000 registered common shares of total value euros 22,220 and on July 21, 2008 with the purchase of 4,000 registered common shares of total value euros 13,040.