ALPHA REAL ESTATE SERVICES

FULL YEAR 2007 RESULTS

Net profit after tax was Euro 5.1 million from Euro 5.8 million in 2006. Turnover reached Euro 13.3 million compared to Euro 14.5 million mainly due to reduced revenues from property management and valuation assignments.
The Board of Directors will propose to the Annual General Meeting of Shareholders the distribution of a Euro 0.25 dividend per share, same as last year.