Athens, May 22^nd 2002

ANNOUNCEMENT

ORDINARY DIVIDEND FOR THE FISCAL YEARS 2000 -2001

According to the decision of the first General Assembly Meeting of the shareholders of the company ?Hellenic Exchanges Holding S.A.? (the Company) of May 21, 2002, the remainder of the dividend amounts to ? 0.18 per share.

It is reminded that the Company has distributed an interim dividend of ? 0.191 (Grd 65) per share to the shareholders of December 14, 2000.

Beneficiaries will be the shareholders of the Company after the conclusion of the trading session of the Athens Stock Exchange on 21.5.2002. As a consequence, from Wednesday, May 22, 2002 the share will be traded in the Athens Stock Exchange without the right for the remainder of the dividend.

The remainder of the dividend will be distributed by crossed checks, mailed to the addresses that have been stated by the beneficiaries in the Dematerialised Securities System.

The date of payment will be announced with a Company announcement at a later date. For more information, shareholders are welcome to contact the Company?s Investor Relations Department (tel.: 010 ? 3728806 and 010 ? 3728808).