31.10.2007

The Board of Directors of the company “IMAKO MEDIA S.A.” informs investors that the Extraordinary General Meeting of company’s shareholders, held on 20/09/2007, decided, among others, the following:

1. Increase of the Company’s share capital by €1,017,757.20 through an increase in the nominal value of company shares by €0.15 and capitalisation of share premium reserves; as a result, the Company’s total share capital amounts to €3,188,972.56, divided into 6,785,048 shares (common registered), with a nominal value of €0.47 each and article 3 of the Articles of Association is amended accordingly.
2. Decrease of the Company’s share capital by €1,017,757.20 through a decrease in the nominal value of company shares by €0.15 and offsetting of damages; as a result, the Company’s total share capital amounts to €3,188,972.56, divided into 6,785,048 shares (common registered), with a nominal value of €0.32 each and article 3 of the Articles of Association is amended accordingly.
3. Increase of the Company’s share capital by €2,171,215.36 through an increase in the nominal value of company shares by €0.32 and capitalisation of share premium reserves; as a result, the Company’s total share capital amounts to €4,342,430.72, divided into 6,785,048 shares (common registered), with a nominal value of €0.64 each and article 3 of the Articles of Association is amended accordingly.
4. Decrease in the nominal value of the company’s share by €0.32, issuance of 6,785,048 new shares and distribution of free shares to old shareholders at a ratio of one new share to one old share; as a result, the Company’s total number of shares amounts to 13,570,096 and article 3 of the Articles of Association is amended accordingly.
The aforementioned 6,785,048 new shares are to be distributed at no cost to the company’s shareholders at the proportion of one (1) new common registered share for each old one.
Following the above company change, the company’s share capital shall remain to the amount of 4,342,430.72 euros, divided into 13,570,096 shares, with a nominal value of 0.32 euros each.
The decision No Κ2-14806 of the Minister of Development, approving the amendment of the relevant articles of the company’s articles of association was registered with the Register of Societes Anonyme on 15/10/2007. The Board of Directors of the Athens Stock Exchange, at its meeting on 30/10/2007, approved the listing on the Stock Exchange of the new bonus shares arising hereunder.
By decision of the company’s BoD, it is determined that the beneficiaries of the new bonus shares shall be the company’s shareholders at the end of the Athens Stock Exchange session on 2/11/2007, i.e. the 3^rd business day following the approval by ASE’s Board of Directors. As of the following business day, i.e. 03/11/2007, the company’s shares shall be listed on the ASE with the new nominal value of €0.32 and without any right of participation in the distribution of the new bonus shares. From the same date, the price of initial admission to trading of the Company’s shares on the Athens Stock Exchange shall be determined pursuant to the Regulation of Athens Stock Exchange.
The beginning of trading of 6,785,048 new bonus common registered shares on the Athens Stock Exchange, is set for 12/11/2007, i.e. the 5^th business day following the ex-rights date. As of the same date, the aforementioned shares shall be credited to the Dematerialized Securities System (DSS) accounts of the beneficiaries of shares.
For further information, shareholders may refer to the relevant brochure which shall be available as of 31/10/2007 in printed form at the Company’s offices (41-45, Marinou Antypa Street, Ν. Irakleio, Attica) and as of 31/10/2007 in electronic form at the website www.imako.gr, or may also contact the company’s Shareholders Service Department (tel. 210 2705300, Mr. Aggelos Bairaktaris).

Athens, 31.10.07