FRH EGM approves 6.9m share issue

The Extraordinary General Meeting of Renos Hadjiioannou Farm Public Company Ltd held on 26 September 2007 approved the special resolution authorising the Board to proceed with the issue and allocation of 6,900,000 new shares of nominal value 5 cents (8.5 euro cents) each at the price of 12 cents (20.5 euro cents) to investors that the Board of Directors will decide and the issue will be used as working capital for the payment of creditors and the reduction of bank balances.
The existing shareholders disclaim their right with regard to the above issue and allocation of shares.