Vasiliko: Changes in the BoD and the CGC Committees

Vasiliko Cement Public Company Ltd announced that at the meeting held on January 10, 2007, the Board of Directors accepted the resignations of Messrs. J. Y. Gestin and G. Ghinaglia from the Board of Directors with effect from January 11, 2007.  The Board of Directors appointed Messrs. Paolo Catani and Fortunato Zaffaroni as new Board members with effect from January 11, 2007 to fill in the vacancies due to the withdrawal of Messrs. J.Y. Gestin and G. Ghinaglia respectively.  Further information on the new Board members is set below.

The Board of Directors appointed Mr. P. Catani as new member of the Audit Committee and Mrs. F. Zaffaroni as new member of the Remunerations Committee, replacing Mr. I.Y Gestin, who held the two posts.  As a result, the Audit and Remuneration Committees are composed of:

Remunerations Committee: P. Hadjipantelis, P. Ioannides and F. Zaffaroni.

Audit Committee: P. Hadjipantelis, St. Kalogiros, Fr. Savvides and Paolo Catani.