It is hereby announced that under the decision of the First Repeat Extraordinary General Meeting of the shareholders of the limited trading company “JUMBO S.A.” which was held on 03.05.2006, it has been approved the increase of the existing today share capital of the company from € 40,411,572.00, by the total amount of forty-four million four hundred fifty-two thousand seven hundred twenty-nine euros and twenty cents (€ 44,452,729.20), through capitalization of the following reserves: a) the total extraordinary existing reserves of the amount of forty-one million thirty-three thousand sixty euros and sixty-six cents (€ 41,033,060.66), which also includes the compulsory capitalized extraordinary special reserve from the unpaid dividends of the accounting period 2000-2001 of the amount of six hundred twenty-four thousand five hundred thirty-five euros and seventy-eight cents (€ 624,535.78) and b) part of the difference from the issue of shares above par the amount of three million four hundred nineteen thousand six hundred sixty-eight euros and fifty-four cents (€ 3,419,668.54), which has resulted, on 11.10.2005, due to the conversion of the 2,719,596 bonds of the Convertible Bonded Loan of the company at the year 2000, of a nominal value of € 4.255319 each and a total nominal value of € 11,572,748.94 in 4,895,265 shares of the company, of a nominal value of € 0.80 each and a total value of € 3,916,212.00. In particular, the increase of the share capital has been approved and will be carried out as follows: a) By the amount of thirty million three hundred eight thousand six hundred seventy-nine euros (€ 30,308,679.00) from the above existing extraordinary reserves, through the increase of the nominal value of the existing shares of the company from eighty cents of the euro (€ 0,80) in one euro and forty cents (€ 1,40) per share and b) By the remaining amount of fourteen million one hundred forty-four thousand fifty euros and twenty cents (€ 14,144,050.20), which includes the compulsory capitalized special reserve from unpaid dividends of the accounting period 2000-2001 of the amount of six hundred twenty-four thousand five hundred thirty five euros and seventy-eight cents (€ 624,535.78), through the issue of ten million one hundred two thousand eight hundred ninety-three (10,102,893) new shares of the company, of a nominal value of one euro and forty cents (€ 1.40) each, which will be freely disposed to the beneficiaries of the company at the proportion of two (2) new shares for ten (10) old ones. After the above corporate change, aiming mainly to the reinforcement of the paid capital of the company and the further improvement of the share’s marketability, through the circulation of new shares, the total paid share capital of the company is formed at the amount of eighty-four million eight hundred sixty-four thousand three hundred one euros and twenty-one cents (€ 84,864,301.20), divided into sixty million six hundred seventeen thousand three hundred fifty-eight (60,617,358) common nominal shares, of a nominal value of one euro and forty cents (€ 1.40) each.
The decision no. Κ2-6817 of the Ministry of Development was registered in the Official Register of Sociétés Anonymes on 09.05.2006. Under this decision the amendment of the article 5 par. A’ of the company’s Articles of Association was approved, according to the decision of the General Meeting on 03.05.2006 and a relevant Announcement was sent for publication at the Government Gazette (FEK) Bulletin of SA and LTD.
Under the decision of the Board of Directors of the company on 09.05.2006, the entire payment of the increase of the share capital of the amount of € 44,452,729.20 was certified, as it was decided by the Extraordinary General Meeting of the shareholders of the company on 03.05.2006. Under the decision number Κ2-7059/15.05.2006 of the Directorate of SA of the Ministry of Development, the above decision of the Board of Directors with regard to the certification of the payment of the whole increased share capital was registered at the Register of Sociétés Anonymes and a relevant Announcement was sent for publication at the Government Gazette (FEK) Bulletin of SA and LTD.
After the submission of all relevant supporting documents for approval at the Athens Stock Exchange, according to the specified at the legislation on stock exchanges that is in force and the relevant announcements that will be soon issued:
As a date of change of the nominal value of the old shares of the company from € 0.80 to € 1.40 it will be defined the fourth (4th) working day from the reporting to the Board of Directors of Athens Stock Exchange.
As an ex-rights date to receive the free shares at a proportion of 2 for 10 and adjustment of the value of the share it will be defined the fourth (4th) working day, that follows the approval date for the listing from the Athens Stock Exchange. Therefore the beneficiaries of these new shares will be the holders of the shares at the termination of the meeting of the third (3rd) working day from the approval of the new shares listing.
The commencement of negotiations of the new shares will be held on the fifth (5th) working day that follows the ex-rights date.
The investors who are interested for more information can address during working days and hours at the company, 9 Kyprou and Hydras str., Moschato, Head of the Deparment Mrs Ekaterini Papaevangellou, tel. 2104805267.
Responsible for drawing the form and for the accuracy of the details that consists are Mr. Evangelos-Apostolos Vakakis, President of the Board of Directors and Managing Director of the company and Mrs Kalliopi Vernadaki of Emmanouil, Executive Director and Chief Financial Officer, tel. 2104805200.
Moschato, 16 May 2006.
The Board of Directors.