08.06.2006

The Company announces that on June 8th, 2006 the Ordinary General Meeting of the Shareholders convened; two shareholders representing 60,351% of the share capital were present during the meeting and therefore, there was a quorum for the discussion of all but the 10th item of the agenda under the title “Decrease of the share capital for settlement of losses by decreasing the nominal value of each share and amendment of article 3 of the Articles of Association.
For 8th, 9th and 11th items entitled “Increase of the Company’s share capital through capitalization of reserve funds by increasing the nominal value of each share and amendment of article 3 of the Articles of Association”,  “Decrease of the number of shares by unification thereof and respective increase of their nominal value and amendment of article 3 of Articles of Association” and “Codification of Articles of Association into one unified text” the making of resolution was postponed for June 22nd,  2006, date of meeting of the repeated General Meeting. Therefore, for the 10th issue, for which the quorum required by law was not attained, as well as for the 8th, 9th and 10th issues for which the making of resolution was postponed, the first repeated General Meeting shall convene on June 22nd, 2006 and the relevant convocation shall be published pursuant to the provisions of the law.

The Ordinary General Meeting with a quorum of 60,351% and majority of 100% of the present shareholders decided for the issues 1, 2, 3, 4, 5, 6, 7 the following:
 
Issue 1: The approval of the Board of Directors’ and Auditors’ Report for the activities of the fiscal year 2005.

Issue 2: The approval of the Company’s balance sheet and the financial statements-consolidated or simple-, as well as the appropriation table for the fiscal year of 2005. The General Meeting  decided not to distribute a dividend and to offset the profits of the fiscal year 2005 against the losses of previous fiscal years.
 
Issue 3: The discharge of the members of the Board of Directors and the certified auditor-accountant from any liability for the fiscal year 2005.

Issue 4: The election of Certified Auditors-Accountants for the fiscal year 2006 and the determination of their remuneration.
 
Issue 5: The approval of the payment of remuneration to the members of the Board of Directors for the fiscal year 2005, pursuant to article 24 of law 2190/1920, as in effect today.
 
Issue 6: The prior approval of the remuneration of the members of the Board of Directors for the fiscal year 2006.

Issue 7: The approval of the Company’s Board of Directors resolution with regard to the increase of the Company’s participation in the subsidiary company “P. EKDOTIKI S.A.”, of which the Company owns today the 100% of the share capital.