AXON S.A. HOLDING

Announcement

AXON HOLDINGS S.A., further to its announcement dated 19-05-2008 regarding the decision of the Annual Ordinary General Meeting dated 19/05/2008 on capital return to shareholders by way of which it set the date of beneficiaries, the capital receipt cut-off date and the commencement date of capital return, informs investors that during the approval and announcement procedure of Meeting decisions by the Ministry of Development AXON will make another announcement regarding the dates and specific procedure required for capital to be returned to shareholders, having regard, inter alia, to the relevant provisions of the Regulation of Athens Stock Exchange.