S & B INDUSTRIAL MINERALS S.A.

Share Buy back

S&B Industrial Minerals S.A. announces in accordance with article 4 par.4 of Commission Regulation no 2273/2003 of the European Communities, that the Company has proceeded to the purchase of own shares, pursuant to the decision of the Annual General Meeting of Shareholders dated 14th May 2008 and the resolution of the Board of Directors dated 8th April 2008, as follows :
1) On 18.6.2008, the Company purchased 1.400 shares, with an average purchase price Euro 9.62 per share and a total purchase price Euro 13,472.
2) On 19.6.2008, the Company purchased 750 shares, with an average purchase price Euro 9.74 per share and a total purchase price Euro 7,306.
3) On 20.6.2008, the Company purchased 1,970 common shares, with an average purchase price Euro 9.49 per share and a total purchase price Euro 18,703.60.
The above 4,120 shares in total, were purchased through Alpha Finance, with an average purchase price Euro 9.58 per share.