Decisions of the Extraordinary General Assembly of the 18th of September 2008

Loulis Food Ingredients_Decisions of the Extraordinary General Assembly of the 18th of September 2008

On 18/09/2008 the Extraordinary General Assembly of Loulis Mills SAtook place. At the Extraordinary General Assembly, represented by the 62,27% of the share capital, ie shareholders and their representatives were present and voted accounting for 10.351.023 shares and votes:

1) The program of purchase of own shares was approved unanimously, according to article 16 of Regulation 2190/1920. Up to the 10% of the existing shares of the Company, ie up to 1.662.283 shares, with cost spread from one (1) euro to ten (10) euro and during a period that will not exceed 24 months, with launch date the 18th of September 2008, approval date of the program by the General Assembly. At least the 90% of the own shares that will be purchased (ie 9% of the existing shares) will be cancelled, the remaining 10% can be distributed to the employees followed by the BoD 's decision The BoD was unanimously authorized by the General Assembly to να materialize the above described program of purchase of own shares, arranging at the same time the basic principles and all the details for its implementation.

2) The shareholders were informed that on the 29th of September 2008 the General Assembly of the shareholders of S.C. TITAN S.A. will take place in Romania with day's layout issues the election of the new Board of Directors and of the Supervisory Board and the amendment of the articles of the company, as well as that on the 20th of October 2008 the General Assembly of the shareholders of SC SOFIA MEL A.D will take place in Bulgaria with day's layout issue the election of the new Supervisory Board.
All of the above decisions of the Extraordinary General Assembly are to be put into effect immediately.

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