Aspis to issue of 7.3 mln shares to Commercial Value

The Board of Directors of Aspis Holdings Public Company Ltd announced that the Extraordinary General Meeting that took place on June 15, 2007 in  Nicosia approved the special resolution according to which the Board is authorized to proceed (until 31/8/2007) with the issue and allocation of up to 7,250,000 shares of nominal value CYP0.40 or EUR0.692 each at the price of CYP0.80 or EUR1.384 per share cash to Commercial Value SA.
The existing shareholders disclaim their right with regard to the above issue and allocation of shares.