Announcement regarding the exercise of the conversion right of the convertible bond into shares

Jumbo informs that the conversion right may be exercised for the first time on 08.09.2009 and every six months onwards according to the decision of the Second Repeated Extraordinary Meeting of the shareholders’ at 07.06.2006 regarding the as of 08.09.2006 convertible non tradable bond loan of the company, amount of € 42,432,150.00. The Bondholders Representative is the Bank, EFG Eurobank Ergasias. Every one (1) bond provides to the Bondholder the right to convert in 2.100840336 ordinary each with nominal value of 1.40 Euro. The conversion price is € 4.76.

The right to convert the bonds into shares may be exercised three (3) business days before the date of the conversion (until Wednesday September 2nd) with a written statement of the bondholder (in person or through their legal representative) to EFG Eurobank Ergasias (Shareholders Registrar Department, 8 Iolkou & Filikis Etairias Street, Building A, 142 34 Athens, tel.: +30 210 35 23 300) between 09:30 and 14:00.

In addition to the written statements, the bondholders must bring to the Bank:

1. The bond certificates

2. A copy of the Dematerialised Securities System (DSS) data record

The bondholders may convert a number of bonds which correspond to integer number of shares. The remaining bonds, which according to the Bonds’ Terms will not be converted into company’s shares, will be repaid to the beneficiaries according to the abovementioned written statement to the Bondholders Representative, EFG Eurobank-Ergasias. The Company will notify for the credit and the commencement of trading of the new shares at the Athens Exchange with a subsequent announcement. For further information Bondholders may contact the Investor Relations Officer - IR Manager Ms Amalia Karamitsoli at the address Kyprou 9 and Hydras, tel +30 210 4805267.