Announcement Regarding Additional Information on the Release of the Financial Results of 31.12.2006

Loulis Food Ingredients_Announcement Regarding Additional Information on the Release of the Financial Results of 31.12.2006

Referring to the question placed by the Capital Market Commission, regarding explanation and additional notes in the ADDITIONAL ELEMENTS AND INFORMATION of the Financial Reports of 31.12.2006, as they have been released on 28.3.2007, we announce the following:

1.The transactions with the Connected to the Company parts (I.A.S. 24) as they came about cumulatively since the beginning of the managing period are the following :

a. Sale of Goods and Service : Group 0 euro, Company 678.750 euro
b. Purchase of Goods and Services : Group 0 euro, Company 1.125 euro
c. Receivables from connected parts: Group 0 euro, Company 3.898.496 euro
d. Liabilities to connected parts : Group 0 euro, Company 43.919 euro
e. Transactions & Directors' and Managers' Compensation: Group 825.039 euro, Company 706.682 euro
f.Receivables from Directors and Managers :Group 138.000 euro, Company 138.000 euro
g. Liabilities to Directors and Managers: Group 0 euro, Company 0 euro.

2. Regarding the analytical reference to the emphasized issues of the Auditors Report, we are verbalizing exactly what is mentioned in the Auditors Report and is included in the Financial Reports of 31.12.2006 :

a) In note No. 12 found in the Appendix of the Financial Reports, it is mentioned that the tax forms for the Fiscal Periods 1.7.2002 through 31.12.2006 have not been audited by appropriate tax authorities, resulting in possible imposition of additional taxes and sup additions at the time they are audited and finalized. The outcome of the tax control is not possible to be forecasted at this point , and therefore there has not been any provision in the Financial Reports regarding this issue.
b) In note No. 6 found in the Appendix of the Financial Reports, it is mentioned that there are pending judicial cases, which for various reasons are still pending and their final outcome is not possible to be forecasted at this point , and therefore there has not been any provision in the Financial Reports regarding this issue.
c) Note that some of the abroad companies included in the Consolidation of the Reports and represent stakes of 28,81% and 52,12% of the consolidated Total of Assets and Turnover have been audited by other Auditors.

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