ELVAL: New BoD

Under Article 2 par. 2, case (e) of Decision No 3/347/12.2.2005 of the Board of Directors of Hellenic Capital Market Commission and pursuant to ATHEX regulation, ELVAL SA announces that after its Annual General Assembly, which took place on Wednesday June 17, 2009, the Company΄s new Board of Directors convened and was constituted as follows: 

1. MILTIADIS LIDORIKIS, Chairman, Non executive member
2. DIMITRIOS KYRIACOPOULOS, Vice-chairman, executive member
3. KONSTANTINOS KATSAROS, Executive member
4. NICHOLAS KOUDOUNIS, Executive member
5. JOHN PANAYIOTOPOULOS, Executive member
6. ANDREAS KYRIAZIS, Independent, non executive member
7. KONSTANTINOS BAKOURIS, Non executive member
8. ABRAHAM MEYIR, Non executive member
9. KONSTANTINOS KOUKLELIS, Non executive member
10. REINHOLD WAGNER, Non executive member
11. GERARD DECOSTER, Independent, non executive member 

The term of the new Board of Directors, according to the Company΄s Articles of Association is one (1) year, starting at the day following its election and terminating at the date of the Annual General Meeting of the year 2010.