Aspis becomes major shareholders in Options with 28.9%

Subject: Aspis Holdings Public Company Ltd becomes major shareholder of Options Cassoulides Plc

Options Cassoulides Plc announces that Aspis Holdings Public Company Ltd acquired 7,000,000 shares of Options Cassoulides Plc at the price of €0.60 after an agreement with Mr. Yiannos Cassoulides.

Aspis Holdings Public Company Ltd has become a major shareholder in Options Cassoulides Plc with a stake of 28.9%, confirming its announcement for the acquisition of a stake of up to 29.9%.

Unless there is a change in the share structure, Options Cassoulides Plc would like to inform the investing public that:

1. Mr. Yiannos Cassoulides will continue to be the CEO of the Group.

2. The Company will issue announcements on capital issues soon.

3. Within the period of 2 months, the Company will present its three-year strategic plan 2008-2010, which includes development and expansion of the Group’s activities in the Middle East, Asia and China. Also, with the contribution of Aspis Holdings, Options will proceed with a number of acquisitions concerning a wide range of activities.