Announcement regarding the extension of the timetable for the use of the capital raised

INTRAKAT announces, pursuant to its Board of Directors decision dated 31.12.2007, that it was decided to extend up to 30.06.2008 the timetable for the use of the unused balance of the capital raised from the share capital increase: (a) of theCompany INTRAKAT as it was decided by the Extraordinary Shareholders Meeting as of 20.09.2001, which was later amended by the Shareholders Meetings as of 27.12.2002, 23.06.2003, 22.12.2003, 24.06.2004, 14.02.2005, 27.06.2005,09.02.2006,04.12.2006 and 28.06.2007 and (b) of the absorbed via merger by INTRAKAT, CompanyINTRAMET, as it was decided by the Extraordinary Shareholders Meeting as of 08.01.2004, and was later amended by the Shareholders Meetings as of 25.06.2004 and 20.04.2005, as they are formed on 31.12.2007. This extension at the timetable deems necessary, since as of 31.12.2007 the use of the unused balance of 395,500.00 (item 13 of the table for the use of the capital raised) that was scheduled to be used for the purchase of new machinery already announced from a foreign house, was not feasible, due to the fact that there was a delay for the procedure for the custom clearance on behalf of the supplier and the final delivery to our Company. It is expected that the said transaction ill be finalized by 30.06.2008.