Q1 2001 Financial Statements - 31 May 2001

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Athens, May 31^st2001

ANNOUNCEMENT

Q1 2001 FINANCIAL STATEMENTS

HELEX consolidated turnover for the period January 1, 2001 ? March 31, 2001, amounts to GRD 6.5 bn (Euro 19,175,293.5), while profits before taxes and minority rights amount to GRD 2.8 bn (Euro 8,351,857.7). Gross profits amount to GRD 4.1 bn (Euro 12,034,226.6) and net profits after minority rights amount to GRD 2.4 bn (Euro 6,957,010.2).

Group liquidity remains high, at GRD. 104 bn (Euro 305 mn). It represents 55% of HELEX?s current capitalization and 79% of the group?s consolidated assets.

It must be specified that the results refer to the period that ended on March 31^st, 2001 and that the parent company will close its first balance sheet on December 31^st, 2001. As a consequence there are no comparable financial results from previous years.