Pursuant to the CSE and SEC Regulations and in order to fully inform the investing public, Cyprus Trading Corporation Plc, member of Shacolas Group, announces that according to the results for the nine months ended September 30, 2007, the Group's profits are expected to show improvement compared to the corresponding results of 2006.

This increase is attributable to:

a) The increase in profits from investments to associated companies.

b) The increase in the Group's turnover.

It is reminded that after a Public Offer, Cyprus Trading Corporation Plc has secured 76.6% of the share capital of Woolworth (Cyprus) Properties Plc. It is also the major shareholder of Ermes Department Stores Plc with a stake of 65.9%.

The nine-month results will be announced after the meeting of the Board of Directors to take place on November 29, 2007.