At the Extraordinary General Assembly of ARISTOVOULOS G. PETZETAKIS S.A, Hellenic Plastics & Rubber Industry, held at the company premises today, March 22^nd 2006, the following decisions were unanimously reached:

1. The election of Mr. Ioannis Spanudakis at the Board of Directors,
2. The election of the new Board of Directors with a 5 year tenure – up to March 21^st, 2011,
3. The election of Mr. Ioannis Spanudakis as the new Group CEO.

The President of the company, Mr. George Petzetakis, presented the new Group CEO to the company shareholders, stressing that the selection of Mr. Spandudakis, a manager with a long-standing and successful international career reinforces the company’s management and will contribute greatly to the overall value-added orientation of the company to its improving operational effectiveness, and to its international market presence. Mr. Spanudakis in turn, expressed his confidence that the company’s strategic objectives will be met, namely improving the company’s financial stability and results, increasing productivity and efficiency and enhancing the company’s presence in its strategic markets.

Meeting the strategic objectives will result in reinforcing the company’s international standing and identity as it has been established in the company’s 40 years existence.

The president Mr. G. Petzetakis and the Group CEO Mr. I. Spanudakis will be further presenting the objectives of the new Board at the upcoming Annual General Assembly.

The newly elected Board in its first meeting after its election decided on the assignment of the Roles as follows: 

President :	Mr. George Petzetakis
Vice-President and Group CEO :	Mr. Ioannis Spanudakis
Member :	Mr. Pavlos Kanellopoulos
Member :	Mr. Petros Tzanetakis
Member :	Mr. Dionysios Gangas