Decisions of the Annual General Assembly on 26th June 2008
On the 26th of June 2008 the General Assembly of Loulis Mills S.A gathered. During the General Assembly, which was represented by the 68,13% of the share capital, shareholders and their representatives were present, representing 11.325.066 shares and 11.325.066 votes:
a. Unanimous approval of the Annual Financial Reports of the company, as well as of the Consolidated Financial Reports of the fiscal year 1.1.2007 through 31.12.2007 according to the IFRS, following the hearing and the approval of the reports of the Board of Directors and of the Auditors-Accountants
b. The members of the Board of Directors, as well as the Auditors-Accountants were unanimously eased out of any responsibility to compensate for the fiscal year 1.1.2007 through 31.12.2007
c. The Auditor-Accountant and his substitute were unanimously voted for the audit of the Financial Reports of the Company and of the Consolidated Reports, according to the IFRS for the fiscal period of 1.1.2008 through 31.12.2008
d. It was unanimously decided to not distribute compensation to the members of the Board of Directors for the fiscal period of 1.1.2007 - 31.12.2007
e.The disburse of an amount of money was unanimously pre approved in order to cover the attendance costs of the members of the Board of Directors for the next fiscal period. It was also unanimously decided to disburse salaries and other compensation for the next fiscal period to the members of the Board of Directors, who are employed by the company.
f. The election of the new members of the Board of Directors dated 3-12-2007 was unanimously certified, namely Mr. Konstantinos Dimopoulos, son of Nikolaos, as an Executive Member of the Board of Directors and Mr. Konstantinos Doukas son of Spiridonas, as an Independent Non Executive Member of the Board of Directors. These new members substituted the resigned Mr. Otto Langer, who was Vice-President- Non Executive Member of the Board of Directors, and Mrs. Alexandra Kahioutea, who was member of the Board of Directors - Independent Non Executive Member. The new independent Non Executive members of the BoD were appointed, in compliance with Law No. 3016/2002 regarding corporate governance, as it stands, namely Mr.
Demosthenes Sarafidis son of Socrates and Mr. Konstantinos Doukas son of Spiridonas.
Therefore, according to the above, the composition of the Board of Directors for the remaining of its service i.e. until 28-6-2009, remains the same as it is now:
1) Konstantinos Loulis, son of Nikolaos, President of the BoD - Executive Member
2)Nikolaos Fotopoulos, son of Spiridonas, Vice-President of the BoD and CEO - Executive Member
3)Konstantinos Dimopoulos, son of Nikolaos, Member of the BoD - Executive Member
4)Demosthenes Sarafidis, son of Socrates, Member of the BoD - Independent Non Executive Member
5)Konstantinos Doukas, son of Spiridonas, Member of the BoD - Independent Non Executive Member
g. The following articles of the Articles of Corporation of the company were amended, in order to conform to the clauses of Law No. 3604/2007: 6, 8, 9, 11, 12, 14, 15, 17, 18, 19, 20, 22, 25, 28, 29, 30, 31, 32
h) There were no other issues or announcements.
All of the above decisions of the General Assembly are soon to be realized. The company will not distribute dividend for the fiscal year 1.1.2007 through 31.12.2007
Sourpi the 26th of June 2008
The Board of Directors