Aspis clarifies on Leda intentions

The Board of Directors of Aspis Holdings Pcl (MFS) has given new information in follow up to its announcement on March 29, 2007 for the submission of a public offer for the acquisition of 50% plus 1 share of the share capital of Leda Investment Public Company Ltd with a proposed consideration of CYP0.0815 per share in cash.
Leda Investment Public Company Ltd will operate as a vehicle for the expansion of Aspis Holdings Plc in the property and real estate sectors. Specifically, Leda Investment will proceed with the acquisition and development of properties, which will be sold or leased. It also aims to acquire real estate agencies, which will operate in Cyprus and Greece and will expand to other EU member states and the Balkans.
Leda is currently preparing a presentation on its strategic growth for 2007 – 2009, which will be published in due time.