Commenting on Press Releases of 31.1.2007

Loulis Food Ingredients_Commenting on Press Releases of 31.1.2007

Replying to the letter of the Capital Market Commission, protocol number 455/31.1.2007, regarding the press releases of paper and electronic financial press, we announce the following:
Indeed, as we mentioned in our written letter to the Athens Stock Exchange on 14.12.2006, we are negotiating with an Austrian Group of Companies, exploring the possibility of a cooperation.
Our discussions and contacts, which begun in September 2006, have yet to come to a conclusion, neither have we received by their part any written or oral proposal, to be able to evaluate and submit our counter offer.

At this stage, we cannot disclose responsibly any particular or binding element to the shareholders because we believe that if we do so, we will breach the relevant clauses on shareholders deception. However, we believe that shortly we will have available something particular, as an offer, and so we will immediately disclose it.

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