Petsas: Addition to second Interim Management Statement

Further to the second Interim Management Statement 2008 dated November 15, 2008, in the “Non recurrent or Extraordinary Activities” Andreas Petsas would like to add that in a letter dated November 18, 2008, the Cyprus Stock Exchange has informed the Company that after the successful outcome of the Public Offer submitted by Messrs. Christakis Petsas, Michael Petsas and Irene Kalli, who hold 96.86% of the share capital, it decided in agreement with the SEC to delist the movable securities of Andreas Petsas and Sons Public Ltd with the commitment that Messrs. Christakis Petsas, Michael Petsas and Irene Kalli will accept all shares that will be offered by the remaining shareholders at the price of €0.28 per share for the period of 6 months from their delisting.

The titles will be delisted from the CSE on Wednesday, November 26, 2008.