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Axon: Annnouncement

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22 shareholders, who held 26,395,556 shares with voting rights at a ratio of 65.16% of all shares, were present and represented at the Extraordinary General Meeting of Shareholders as at 5 July 2010. 

Decisions were made on the following items which were discussed during the said meeting: 

Item 1: Increase in the nominal value of each Company share from € 0.61 to € 1.22 through reverse split at a ratio of 2 old shares to 1 new, namely through reduction of shares number from 40,511,610 to 20,255,805 shares and the respective issue of 20,255,805 new ordinary registered shares with a nominal value of € 1.22 to replace the 40,511,610 old ordinary registered shares with a value of € 0.61.
The General Meeting unanimously decided to: a) increase the nominal value of each share from sixty-one cents (€ 0.61) to one Euro and twenty-two cents (€ 1.22) through reverse split at a ratio of 2 old shares to 1 new, namely through reduction of shares number from 40,511,610 to 20,255,805 shares and (b) authorize the Board of Directors to (i) fix the date of stock last trading day at the old price, the period of trading temporary suspension and the date on which shares will start being traded at the new price; (ii) see to it that all the relevant supporting documents are submitted to the Athens Stock Exchange in compliance with Article 6 of Decision No 27/17.07.08 of ASE Board of Directors and (iii) take all necessary steps to implement the decision of this Extraordinary General Meeting.
Item 2: Amendment of Article 5 of the Articles of Association in view of the rise in the nominal value of Company shares and the respective reverse split pursuant to Item 1.
The General Meeting unanimously decided to amend Article 5 of the Companys Articles of Association in view of the decision under Item No 1 on increase of the nominal value of each Company share through reverse split. 

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