SANYO HELLAS HOLDINGS S.A. hereby announces, in accordance with article 278 of the Regulation of the Athens Stock Exchange, that an Ordinary General Meeting of the shareholders convened today, 30 June 2008, which 30 shareholders with a voting right, who held 30,729,644 shares and voting rights, which represent 60.16% of the company's shares, attended. The shareholders discussed and decided on the following matters:
1.Submission and approval of the Annual Financial Statements and Consolidated Financial Statements of fiscal year 01/01/2007 - 31/12/2007, together with the relative Reports of the Board of Directors and Certified Auditor. The Corporate and Consolidated Annual Financial Statements of fiscal year 01/01/2007 - 31/12/2007, the Management Report of the Board of Directors and the Auditor's Report of the Certified Auditor Accountant were unanimously approved.
2.Approval of the payment of a dividend for fiscal year 2007. The distribution of a dividend of 0.02 Euro per share was unanimously approved. Only those persons who held shares of SANYO HELLAS HOLDINGS S.A. as at the time the session of the Athens Stock Exchange of 14 July 2008 adjourned have the right to receive the aforementioned dividend. From 15 July 2008, the company's shares shall be traded on the Athens Stock Exchange without a right to a dividend for fiscal year 2007. The dividend for fiscal year 2007 shall begin to be paid on 23 July 2008 and shall be paid through Piraeus Bank.
3.Exemption of the members of the Board of Directors and Certified Auditor from any and all liabilities for compensation for the events of fiscal year 01/01/2007-31/12/2007. The members of the Board of Directors and the Certified Auditor Accountant were unanimously exempted from any and all liabilities for compensation for the events of fiscal year 2007.
4.Appointment of Certified Auditors (Ordinary and Deputy) for fiscal year 01/01/2008 - 31/12/2008 and setting the fees thereof. The ordinary audit of fiscal year 2008 was unanimously assigned to BDO PROTYPOS HELLENIC AUDITING S.A. Mrs Eleftheria Giannakopoulou-Dara, with Certified Public Accountants of Greece Registration Number 10341, and Mr Dionysios Nikitos, with Certified Public Accountants of Greece Registration Number 1411, were appointed ordinary auditor and deputy auditor, respectively. Finally, the fees of the appointed Certified Auditors Accountants were set.
5.Approval of the payment of fees and compensations for fiscal year 2007 to the members of the Board of Directors, pre-approval of the payment of the fees thereof for fiscal year 2008 and approval of the conclusion of contracts between persons who come under the provisions laid down in article 23a of Law 2190/20 and the company. The fees and compensations that were paid to the members of the Board of Directors for fiscal year 2007 were unanimously approved and the fees of the Board of Directors for the current year were unanimously pre-approved.
6.Authorisation of the members of the Board of Directors and the Company's Managers, pursuant to article 23 of Codified Law 2190/1920, to take part in the management of associated companies (within the meaning of paragraph 5 of article 42e of Codified Law 2190/1920). The members of the Board of Directors and the Company's Managers were unanimously authorised to take part in the management of associated companies (within the meaning of paragraph 5 of article 42 e of Codified Law 2190/1920).
7.Harmonisation of the company's articles of association with the new provisions laid down in Codified Law 2190/1920, with the amendment, abolition and renumbering of the articles, as well as the renumbering of the paragraphs thereof, and the establishment thereof in a unified text. The harmonisation of the Company's articles of association with the provisions of Codified Law 2190/1920 relating to societes anonymes in force, with the amendment, adjustment or abolition and renumbering of the relative articles, was unanimously approved. The Company's announcement dated 13 June 2008 with the proposed amendments of the articles of association is available on both the web-site of the Athens Stock Exchange (www.ase.gr) and the Company's web-site (www.shh.gr).
8.Provision of the company's guarantee in favour of the company's subsidiary company "Arcadia Trading and Manufacturing Societe Anonyme" through a credit contract with a Credit and Debit Open-End Account between "Arcadia Trading and Manufacturing Societe Anonyme" and Attica Bank. The Report of the Board of Directors dated 25 June 2008 was unanimously approved pursuant to article 23a of Codified Law 2190/1920 and the provision of the company's guarantee in favour of the company's subsidiary company "Arcadia Trading and Manufacturing Societe Anonyme" through a credit contract with a Credit and Debit Open-End Account between "Arcadia Trading and Manufacturing Societe Anonyme" and Attica Bank, up to the amount of 1,500,000 Euro and with a term from the contract's conclusion to the expiration or rescission thereof in any a manner whatsoever, with the terms and conditions set out in the Report of the Board of Directors, was decided.
9.Miscellaneous decisions and announcements. The Company's CEO informed the Shareholders of various matters concerning the Company's current business activities.