ALAPIS S.A.

ATHENS, Greece - - Not for Release, Publication or Distribution Directly or Indirectly in or Into the United States, Canada, Australia, South Africa or Japan or any Other Jurisdiction in Which Such Publication or Distribution Would be Unlawful - This Announcement is not a Prospectus and is not an Offer to Sell or a Solicitation of any Offer to buy any Securities in the United States or in any Other Jurisdiction Alapis S.A.