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Αnnouncement of Share Buy Back

Frigoglass S.A announces, in accordance with the provisions of art. 4 par. 4 of the European Commission Regulation 2273/2003, that by implementation of the decision of the Extraordinary General Meeting of 5th of September 2008 and the resolution of the Board of Directors of 2nd October 2008, it purchased on 11th Îżf December 2008 through NATIONAL P&K Securities 11.300 own shares with average purchase price of Euro 4,28 per share and total purchase price Euro 48.367,30.

INQUIRIES Company Contacts Lillian Phillips

Polina Atmatsiadi

Investor Relations Manager

Investor Relations Analyst

Tel: +30 210 6165757

Tel: +30 210 6165767

E-mail: lphillips@frigoglass.com

E-mail: patmatsiadi@frigoglass.com

European Contact Greg Quine Financial Dynamics London Tel: +44 207 269 7206 E-mail: greg.quine@fd.com

12 December 2008


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