Resolutions of the General Assembly of the Shareholders According to P.D.350/1985 Article 6 par. 1b. The company announces the resolutions of the Ordinary General Assembly of its Shareholders, which convened on 09.06.2004 at the company?s registered offices, 3 Paster str., Athens. The General Assembly was in quorum and the shares of the present Shareholders represented 80,693607% of the company?s paid up share capital, and therefore the percentages of majority required by law. The following resolutions have been reached unanimously:

1) The reports of the Board of Directors and of the Auditors concerning the annual financial statements of the company, for the financial year 1/1/2003-31/12/2003, have been approved,

2) The annual financial statements of the company for the financial year 1/1/2003-31/12/2003 (the Balance Sheet, the Account of the Yearly Results, the Table of Profits? Distribution and the Annex to the Balance Sheet), together with the respective certifications of the Board of Directors and the Auditors, have been approved,

3) The members of the Board of Directors and of the Auditors have been released from any liability for compensation concerning the annual financial statements and the management for the above financial year 1/1/2003-31/12/2003,

4) Mr. Ioannis Kalogeropoulos has been elected as ordinary auditor for the financial year 2004 and Mrs. Konstantina Kapsali, has been elected as deputy auditor for the financial year 2004 and their remuneration has been decided to amount to the sum of the minimum remuneration provided for in article 18 Law 2231/1994 as well according to the decisions of the Supervisory Council of the Association of Chartered Auditors,

5) There has been approved: a) the payment to the Board of Directors of remuneration for the financial year 2003 as follows: a) Mr. Ioannis Kloukinas, son of Georgios Εuro 92.500,00 b) Mr. Ioannis Lappas, son of Elias Εuro 92.500,00 as well as b) the payment to the Board of Directors, of remuneration for the financial year 2004, until the latest, the date of convention of the next Ordinary General Assembly of the Company, as follows:

a) Mr. Ioannis Kloukinas, Εuro 92.500,00 b) Mr. Ioannis Lappas, Εuro 92.500,00

6) It has been concluded to distribute, according to the approved by the present General Asssembly Table of Profits Distribution, dividend of the amount of 0,36 Euro per each share. Beneficiaries of the approved as above dividend are the Shareholders of the company at the time of closure of the session of the Athens Exchange on 09/06/2004. As from 10/06/2004, the shares of the company shall be traded in the Athens Exchange without the right of receiving the above dividend. The Board of Directors has been given the power and authority to decide on further matters concerning the manner and the time of payment of the dividend.

7) A new Board of Directors has been elected, their service having duration of 5 years, which may be extended until the convention of the Ordinary General Assembly of the year when their service shall end, according to article 10 of the company?s Articles of Incorporation. The elected members of the new Board of Directors are: Α. Executive Members. 1) Ioannis Lappas 2) Ioannis Kloukinas Β. Non Executive Members. 3) Aristarchos Kalfopoulos 4) Alexios Kloukinas. 5) Violetta Lappa. 6) Anastasia Vlachou Β. Independent Non Executive Members: 7) Sokratis Gavrielidis 8) Achilleas Kanellakis son of Antonios

9) There has been ratified the approval by the Extraordinary General Assembly of the company?s shareholders, of the financial statements for the financial year 2002 (the Balance Sheet, the Account of the Yearly Results, the Table of Profits & Distribution and the Annex to the Balance Sheet), together with the respective certifications of the Board of Directors and the Auditors.