ALPHA REAL ESTATE SERVICES

Financial results 9M 2003

During the first nine months of the year 2003, Alpha Astika Akinita S.A. improved its financial results, compared with the same period of last year 2002.specifically net profits after tax reached 4,5 million euros, compared with 4,3 million euros. profits before taxes reached 6,94 million euros compared with 6,85 million euros for 2002. it is noted that at the same period of last year, an amount of 1,27 million euros were included, being extraordinary profits from real estate sale.