Reply to the Letter by the Capital Market Commission on 06.02.2007

Loulis Food Ingredients_Reply to the Letter by the Capital Market Commission on 06.02.2007

Replying to the letter of the Capital Market Commission on 06.02.2007, protocol number 315, we disclose the following:
We are referring, once again, to our announcements on 01.02 and 05.02 , whose content is still valid. Besides the fact that negotiations are still carried out, and we believe they are in an advanced level, there is no other positive information for the responsible disclosure of the shareholders.

Regarding the assessment you are asking, we do not believe there is any constant number, besides our participation cost amounting to 52 million Euro. We are clarifying that the current negotiations are regarding our subsidiaries in Romania, and Bulgaria and not our mother company.

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