The company paperpack SA. disclose the following:

September 30th 2013, Monday at 11:00 am. took place at the company's headquarters in Kifissia  Attic, on the road Viltanioti 24, the extraordinary general meeting of shareholders. In meeting attended in person or by proxy four shareholders, sold shares representing 69,03% of all Company shares, i.e. 2.728.868 common registered shares with voting rights of members of all 3.953.090 common shares with voting, divided the total capital of the company.

 Having gathered the information required by law and the Company's quorum and majority, the General Assembly voted in favor of all agenda items as follows:

TOPIC 1st: The General Assembly decided unanimously, by a majority of the votes validly cast and proportion 100% shareholders attending ie 69,03% on the issued capital of the company,  approving an amendment of number. 988737/25-07-2007 Convention Coverage Bond and Program (Terms) and its annexes, as applicable, issued by the company to 29.06.2007, the outstanding balance of which amounted to Euro 4.850.000,00,  , with the following  key terms:

The Loan will be secured bond loan within the meaning of article 6 of n. 3156/2003 and will give bondholders the right to receive interest.

The maximum loan amount will be four million euros (euro 4.000.000).

The interest rate will be the rate-month Euribor plus a margin  until 5,00%.

The loan will be five years.

Finally  the General Meeting authorized the Board to negotiate with financial institutions to specific conditions and arrangements for amending  said Bond, accordance with the provisions of paragraph 3 of the n ° 1. 3156/2003.

Details:

Valid votes: 2.728.868 (i.e. 69,03% of the share capital and 100% shareholders attending)

For: 2.728.868, Against: 0, Abstention: 0.

TOPIC 2nd:The General Assembly since  received  account  the  Articles 12 and 32 of the company's, revoked and the Board unanimously elected, with 100% shareholders attending ie percentage 69,03% on the issued capital of the company,  Messrs.. Tsoukaridi John Peter, Korina Fasouli Euthymios, Theodore Papapetropoulos of Constantine, Theodore Alexander Polychronopoulos, Lambros Franc Euthymios, Julianna Tsoukaridi John and Nicholas Zetou Demosthenes as members of the New Board of Directors.

The  service  of  New  Chairman of the BoD  defined  triennial. The above  Board of Directors  will  command  the  Company  three (3) next  years,  i.e.  until the Ordinary General Meeting of 2016, unless he wanted  decide  differently  The  GA.

Subsequently The γενική συνέλευση αποφασίζει unanimously and παμψηφεί ως οριστούν million Euro approximately των ανωτέρω μελών που απαρτίζουν το νεοεκλεγέν Chairman of the BoD.,  Mr.  Theodore Papapetropoulos  and  Polychronopoulos Alexander   as independent non-executive directors in accordance with paragraph 1 of article 3 of n. 3061/2002, as amended by article 1 para.. 26 of n. 3091/24.12.2002.

The above persons qualify for their appointment as independent non-executive directors since they do not hold shares (in more than 0,5% of the share capital paperpack S.A., withdrew) the company and have no dependent relationship with the company or with related persons as  defined in under a to d cases despite. 1 article 4 of the law 3016/2002 as true today.

Executive members will be k. k. John Tsoukaridis, Tsoukaridi Julianna and Nicholas Zetou, while non-executive directors are Messrs.. Korina Fasouli - Grafanaki, Lambros and Frank.

According to article 37 of n. 3693/2008 The General Assembly shall appoint as members of the Audit Committee, Messrs.. Alexander Polychronopoulos Independent and Non-Executive Board. οικονομολόγο πτυχιούχος a.D.the.e.e., Lambros Franc non-executive Board member. and Korina Fasouli - Grafanaki non-executive Board member.

Property of Board members will be appointed by the Governing Council in the Constitution in house.

Details:

Valid votes: 2.728.868 (i.e. 69,03% of the share capital and 100% shareholders attending)

For: 2.728.868, Against: 0, Abstention: 0.

Kifissia 30 September 2013

The Board

Download here Decisions Of Extraordinary General Meeting the pdf.