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Announcement of regulated information in accordance with article 9, par. 5, L. 3556/2007

25.09.2007

It is hereby announced that FIRST EUROPEAN RETAIL CORP. (indirect holding), through KINCANNON TRADING Ltd, which is controlled by the former, informed the Company today, in a letter dated 25.09.2007, that it sold 52,992 shares on 24.09.2007 (date of change of percentage/ transaction).
Prior to the above sale, KINCANNON TRADING Ltd, which is controlled by FIRST EUROPEAN RETAIL CORP., held 2,269,599 Company shares i.e. 33.45%.

Today, following the above sale, KINCANÍON TRADING Ltd, which is controlled by FIRST EUROPEAN RETAIL CORP., holds 2,216,607 of the common nominal shares of the Company and a 32.67% of the total share capital, as well as a corresponding 32.67% of voting rights.