Decisions of the Ordinary General Assembly of the Shareholders of Loulis Mills S.A

Loulis Food Ingredients_Decisions of the Ordinary General Assembly of the Shareholders of Loulis Mills S.A

The General Assembly of Loulis Mills S.A was held on 28/06/2007. During the Assembly which was represented by the 58,88% of the share holders, by presence and voting of shareholders and their representatives who represent 9.787.315 shares and 9.787.315 votes:

a. The Non-Consolidated Financial Reports and the Consolidated Financial Reports for the Fiscal Year 2006, as well as the relevant Report by the Board of Directors were approved unanimously

b. The members of the Board of Directors as well as the Auditors were unanimously relieved from any remuneration responsibility, for the fiscal period 1.1.2006 - 31.12.2006.

c. The Auditor and the Substitute Auditor for the next fiscal period were voted unanimously.

d. It was unanimously decided to not compensate the members of the Board of Directors for the Fiscal Year 1.1.2006 - 31.12.2006.

e. It was pre-approved unanimously to disburse an amount of money for the next fiscal period in order to cover the expenses for the presence of the members of the Board of Directors and it was
also decided unanimously to disburse salaries and other compensation for the next fiscal period to the members of the Board of Directors connected to the Company in the form of Dependent Labor.

f. The new Board of Directors with tenure through 28-6-2009 was voted unanimously and the attributes of the members were assigned pursuant to Law No. 3016/2002 regarding Corporate Governance, as it stands as follows:
1)Konstantinos Loulis, son of Nikolaos, Executive Member. 2)Nikolaos Fotopoulos, son of Spiridonas, Executive Member. 3)Otto Langer, Non Executive Member. 4)Alexandra Kahioutea, daughter of Panagiotis, Independent Non Executive Member. 5)Dimosthenis Sarafidis, son of Socrates, Independent Non Executive Member.

g. The shareholders were informed about the signing on 30-03-2007 of the pre agreement of the sale of shares with the company LEIPNIK-LUNDENBURGER INVEST S.A., based in Austria, regarding the sale of 1.054.823 of the shares of the company KATSELIS SONS Α.Β.Ε.Ε. according to the mandatory Public Offer, placed by the company Northern Greece Cereals S.A and about the signing on 7-5-2007 of the contract, based on which the Company bought 2.581 shares of the company LOULIS INTERNATIONAL FOODS ENTERPRISES LIMITED.

All of the above decisions of the General Assembly are to be realized immediately. The company will not distribute dividends for the fiscal year 1.1.2006 - 31.12.2006.

Sourpi, 28th of June 2007

The Board of Directors

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