06.05.2005

Pursuant to article 4 paragraph 1 element e of the 5/204/14.11.2000 Decision of Capital Market Commission we notify a change in the Company’s Board of Directors composition. More specifically: the Company’s Board of Directors during its meeting on May 6th, 2005 accepted the resignation of Mr. Dimitrios Argyropoulos from the position of member; the remaining members elected Ms. Maria Grapsa, journalist and manager of  ΙΜΑΚΟ MEDIA S.A. publications, to substitute the resigned member. Thereafter, the Board of Directors was constituted in body as follows:
 
Petros Kostopoulos, President and Managing Director

Michael Karis, Vice-President

Athanassios Papahristou,Member

Maria Grapsa, Member

Georgios Pelecanakis, Member (independent-non executive)

Ioannis Vekris, Member (independent non executive)