19.09.2007

Imako Media S.A. hereby announces the issuance of a common bond loan of €5,500,000, with a ten-year term, in accordance with the provisions of law 3156/2003 and c.l. 2190/1920.
The Bank of Piraeus is authorized for payments and is the Bond owner covering the entire above issuance.

The Bond Loan is divided into 10 bonds with a nominal value of €550,000 each and shall be repaid in 37 instalments within 10 years.  The interest rate has been set at EURIBOR plus a 1.4% margin.

The product of the said common bond loan, as decided already, shall be used for the purchase of two (2) radio stations, i.e. the DERTI FM radio station and the SFERA FM radio station, through the purchase of 100% of the shares of RADIOPLIROFORIKI G. POLITIS MME and SPACE FM STERO S.A respectively, and for reducing short term borrowing.  Specifically, five million three hundred and thirty eight thousand five hundred euros (€5,338,500) shall be used to cover 100% of the total price of the takeover of the two companies, while the rest of the bond loan i.e. one hundred and sixty one thousand five hundred euros (€161,500) will be used for reducing short term borrowing.