ELGEKA S.A.

Notification regarding the election of a New Board of Directors and its constitution into a Body

ELGEKA S.A. would like to notify the investing public that the Annual Ordinary General Assembly of Shareholders that was held today, on Monday the 30th of June 2008 at 12.00 noon at the premises of the Company, at 32 Olympou str, Kalohori, Echedoros Municipality Thessaloniki, unanimously decided by three shareholder participated in person representing 70,04% of the share capital, i.e. 22.450.800 shares of total 32.054.330 shares, the election of a new Board of Directors with 5 year tenure of office that will terminate on the 30th of June 2013.
Following the above election and right after the General Assembly, the Board of Directors convened and was constituted into Body as follows:
1. Alexander Katsiotis son of George, President and Managing Director (Executive Member)
2. Elli Drakopoulou wife of Nikolaos, Vice-President (Executive Member)
3. Vassilios Evgenios son of Michael (Executive Member)
4. George Pachis son of Panagiotis (Executive Member)
5. Paraskevas Toktokoglou son of Haralabos (non Executive Member)
6. Michael Fandridis son of Emmanouil (non Executive Member)
7. Stylianos Georgioudakis son of Stylianos (non Executive Member)
8. Stylianos Stefanou son of Markos (Independent non Executive Member) and
9. Kyriakos Sachanidis son of Socrates (Independent non Executive Member).