Mr. Anastasios Kiriakidis, submitted his resignation for family reasons from the position of General Manager and Member of the Board of Directors of KLEEMANN, as well as from all positions he holds in the companies of KLEEMANN Group.

The Board of Directors expresses its recognition of the services Mr. Anastasios Kiriakidis offered to the Company during the last 10 years.

Following the above, KLEEMANN HELLAS S.A. announces, according to the provisions of article 281 of the ATHENS EXCHANGE Rulebook, article 2 par. 2e of decision 3/347/12.7.2005 of the Hellenic Capital Market Commission and article 4 par. 3 of Law 3016/2002, that there has been a change in the Composition of its Board of Directors. Specifically the Board of Directors during its session of the 5th of September 2007 and according to the article 8 of the Articles of Association of the Company elected in replacement of the resigned Mr. Anastasios Ch. Kiriakidis, Mr. Konstantinos N. Koukountzos as Executive Member of the Board of Directors and General Manager.

The above change of the Board of Directors is subject to the approval of the following Ordinary or Extraordinary Meeting of the shareholders of the Company according to the provisions of the Law and the Articles of Association.

Following the above the new Board of Directors that resulted, the service of which ends at 30/06/2009, consists of the following:

1. Nikolaos K. Koukountzos, President, Executive Member of the Board.
2. Menelaos K. Koukountzos, Vice President and Managing Director, Executive Member of the Board.
3. Konstantinos N. Koukountzos, Executive Member and General Manager.
4. Stergios N. Georgalis, Independent non Executive Member of the Board.
5. Dimitrios A. Daios, Independent non Executive Member of the Board.

Further it is announced that according to the Decision No. 293/06.09.2007 of the Board of Directors of KLEEMANN, Konstantinos N. Koukountzos has been appointed Investor Relations Officer in replacement of the resigner Anastasios Ch. Kiriakidis.