C.T.O: SEC approved Prospectus for listing of 165 million shares

C.T.O Public Company Limited would like to inform the investing public that the Securities and Exchange Commission approved the Prospectus in the form of separate documents in relation to the issue and listing of shares in the CSE, which has been approved pursuant to the Public Offering Law 2005, on November 28, 2008.

The Prospectus concerns the listing of 165,000,000 shares of nominal value €0.09 each, which have already been issued at the price of €0.20 per share to the shareholders of Explosal Limited pursuant to the Companies’ Law Chapter 113.

The shares will be listed in the CSE as soon as the application is approved and the CSE ensures that the Shareholders’ Register has been submitted in electronic form and meets all requirements pursuant to regulation 4 of the CSE Regulations 2001.

The Prospectus will be available free of charge at:

1. In electronic form:

- The website of Sharelink Securities and Financial Services Ltd, www.sharelinksecurities.com
- The CSE website, www.cse.com.cy
- The SEC website, www.cysec.gov.cy

2. In printed form at the Company’s registered office, Larnaca free Zone, 7111 Larnaca.