The Board of Directors announces that it has been approved the increase in the share capital of the daughter company NAKAS MUSIC (CYPRUS) LIMITED established in Cyprus, of amount 300.000,00 Euros with the issue of 10.000 shares of face value 30,00 Euros.  The particiation of our company in this increase will be at 100% with the payment of the amount of 300.000,00 Euros in cash as soon as the relative proceedures are completed.