ELVAL S.A. informs according to article 16 par. 3 of Law 3556/2007 that, pursuant to a related decision of the General Shareholders Meeting dated 13.06.2007, signed the issuance of a common bond loan amounting euro 30 mil. The bond loan, with NATIONAL BANK OF GREECE S.A. and NATIONAL BANK OF GREECE (CYPRUS) L.T.D., as the bondholders and administrators, has a five year maturity and its scope is to refinance short term debt of the Company.