Howard Prince-Wright, Chief Financial Officer & Takis Canellopoulos, Investor Relations Officer, would like to invite you to participate in a conference call on Monday, May 27th, 2002, to present and discuss Titan's 1st Quarter 2002 financial results and recent business developments.

The results will be announced after the market close on May 27th 2002.

Hosting the teleconference will be Takis Canellopoulos, Investor Relations Officer. Mr. Howard Prince-Wright, & Mr. Takis Canellopoulos will present and discuss the results and recent business developments.

The details are as follows:

TELECONFERENCE 27th May 2002

Time: 15:30 UK Time, 17:30 Greek Time Tel: + 44 (0) 141 5675316 (for UK/European Participants)
+ 1-212-8966082 (for North American Participants)
Emergency backup number: + 44 (0) 141 567 5311

Password: Titan
Chairperson: Takis Canellopoulos

Please call in 10 minutes before the start of the call

The teleconference will last approximately 60 minutes. Following a short presentation, you will have the opportunity to ask questions.

If you are unable to participate, you will be able to hear a recording of the conference for 48 hours.

The Replay service until 29.05.2002

UK/European Access: Tel: + 44 (0) 141 566 8866
Client identity number (CIN): 588 Pin: 147#

North American Access: Tel: + 1 858 812 6440
PASSCODE: 20628388#

Press Release

The Titan Press Release will be sent to you ahead of the Conference Call.

Takis Canellopoulos
Investor Relations Officer