ALU

ALUMIL ROM INDUSTRY S.A.

BVB TICKER: ALU

Address: Calea Rahovei 286 A, sector 5, Bucuresti

Phone: +40 214243456

www.alumil.ro

Date: 24.07.2007

About the company

Alumil Rom Industry SA main activities include production of exterior panels (J-Bond), polycarbonates, aluminium profiles (opening systems with or without thermal break, sliding systems with or without thermal break, curtain walls systems. Alumil Rom Industry purchases unpainted aluminium profiles from the parent company in Greece and benefits the quality certifications obtained by it in Greece - Certificate EN ISO 9001:1994 and by EN ISO 9001:2000. The profiles produced by the Alumil SA Greece received quality certifications from German institute TUV and IFT Rosenheim.

The aluminium profile systems are painted by Alumil Rom Industry according to he standards of GSB International. The Company is in the process of obtaining the Quality Management Certificate EN ISO 9001:1994.

The company owes the following facilities in Romania:

Bucharest: powder coating plant since 2002 with a capacity of 6,000 tons per annum.

The company has also a production unit for aluminium & plastic accessories.

Filipesti: thermal break profiles assembling since 1999. Capacity of 3,000 tons per year

Alumil Rom Industry SA belongs to Alumil Group which is ranked among the largest aluminium extrusion and profiles production private European group (No 1 in Greece since 2000) establishing production sites, large sales networks and warehouses for products targeting architectural & industrial use, shipbuilding, transportation, etc. With 25 subsidiaries, 19 of which are spread throughout Europe, Africa and the Middle East, Alumil Grou offers production sites in four Hellenic industrial areas, Romania, Bulgaria, Serbia, Bosnia and Albania. Alumil Group has successfully infiltrated into 45 markets in Europe, the Balkans, the M. East and in the U.S.A. A significant competitive advantage remains its widespread sales network in Greece and in every client-country. Parent company was founded in 1988 and since 1998 is listed in the Athens Stock Exchange.

History

1997 - Establishment of Alumil Rom Industry

1998 - 1999 – Establishment of Alumil Extrusion and the commissioning of the first line for assembling thermal break profiles (capacity of 3,000 t., investment of € 0.8 m.)

2001 – Production unit for aluminium & plastic accessories

2002 – 1st powder coating plant (capacity of 6,000 t.)

2005 - Completion of the new Alumil Group e-platform (Data Room, E-commerce, CRM, on-line technical support, VPN, ERP)

Major shareholders

Shareholder	Shares	Percent
ALUMIL MYLONAS INDUSTRIA ALUMINIULUI SA GRECIA	17,470,150	55.90%
MICHAIL SOTIRIOU	7,485,150	23.95%
OTHER SHAREHOLDERS	6,294,700	20.14%

Total No. of Shares	31,250,000
Nominal Value	0.2000
Share Capital	6,250,000.00

Annual financial information (Key financials)

	2006(RON)	2005(RON)	2004(RON)*
Fixed assets - Total	12,424,734.00	11,213,136.00	12,941,080.30
Current assets - Total	65,665,887.00	50,456,232.00	40,884,502.80

Debtors - due within one year	52,780,101.00	44,270,994.00	42,367,564.40
Current assets/Net current liabilities	12,998,048.00	6,313,741.00	-1,336,464.20
Total assets less current liabilities	25,422,782.00	17,526,877.00	11,604,616.10
Debtors - due after more than one year	1,524,998.00	2,204,684.00	0.00
Revenues in advance	0.00	0.00	0.00

Subscribed paid up capital	5,000,000.00	990,710.00	990,710.00
Shareholders equity - Total	23,849,037.00	15,322,193.00	11,604,616.10

Total receivables	39,702,327.00	21,976,504.00	14,326,766.50
Total liabilities	54,305,099.00	46,475,678.00	42,367,564.40

Net turnover	96,360,489.00	79,294,401.00	73,430,900.90

Operating income - Total	96,504,619.00	78,194,086.00	76,084,638.80
Operating expenses - Total	83,046,792.00	67,217,325.00	67,993,593.90
Operating result	13,457,827.00	10,976,761.00	8,091,044.90

Financial income - Total	4,922,353.00	2,758,493.00	1,420,820.50
Financial expenses - Total	1,674,876.00	2,088,570.00	917,254.60
Financial result	3,247,477.00	669,923.00	503,565.80
Current result	16,705,304.00	11,646,684.00	8,594,610.80

Extraordinary income	0.00	0.00	0.00
Extraordinary expenses	0.00	0.00	0.00
Extraordinary result	0.00	0.00	0.00

Total revenues	101,426,972.00	80,952,579.00	77,505,459.30
Total expenses	84,721,668.00	69,305,895.00	68,910,848.50

Gross result	16,705,304.00	11,646,684.00	8,594,610.80
Net result	13,701,862.00	9,585,237.00	6,347,155.90
Result per share	-	-	-

Back payments - Total	121,344.00	99,726.00	76,102.50
Back payments for suppliers - Total	121,344.00	99,726.00	76,102.50
Back payments of liabilities to the social insurance budget	0.00	0.00	0.00
Taxes which are not paid to the State budget upon payment date	0.00	0.00	0.00

Average number of employees (only full time employees)	271	261	230