CCC Tourist: EGM approved redenomination of capital in euros

We hereby inform you that at the Extraordinary General Meeting of C.C.C. Tourist Enterprises Public Company Ltd held in Limassol on 21 March 2008 approved unanimously the following Special Resolutions:

SPECIAL RESOLUTION 1

1. That the Company’s share capital be re-expressed in euros, pursuant to Law 33(I)2007, Article 18 (I).

2. The re-expression in euros (<<€>>) be converted and rounded pursuant to Article 5 of the European Directive.

3. The exchange rate of €1,00 = £0,585274 be used.

SPECIAL RESOLUTION 2

That, pursuant to the aforementioned Law and Articles of Special Resolution 1:

1. The current nominal value of the share be converted from £0,25 to €0,43 after the rounding.

2. The nominal capital of the Company be converted from £37.500.000,00 divided into 150.000.000 ordinary shares of nominal value of £0,25 each to €64.500.000,00 divided into 150.000.000 ordinary shares of nominal value €0,43 each.

3. The issued share capital of the Company be converted and increased from £35.423.010,00 divided into 141.692.040 ordinary shares of nominal value £0,25 each to €60.927.577,20 divided into 141.692.040 ordinary shares of nominal value €0,43 each.

4. The sum corresponding to the share capital increase, that is, €403.771,26 be deducted from the Company's reserves.