1st Quarter 2006 Results - Rise in Pre tax Profits, by 33%

Significant rise in Group Pre Tax Profits, was recorded for the 1st Quarter 2006 results. More specifically, 1st Quarter 2006 Group pre-tax profits rose by 33%, reaching Euro 3,070 mil. versus 2,312 Euro mil. for 1st Quarter 2005. Group Revenues, rose by 8.4%, reaching Euro 33,469 mil. versus Euro 30,872 mil. for 1st Quarter 2005, taking into consideration seasonality factors which affect each year's 1st Quarter. Company (NIREUS S.A.) 1st Quarter 2006 Revenues (after adjusting the 2005 figures, due to last year's merge by acquisition of FEEDUS S.A. by NIREUS S.A.), rose by 10.5%, reaching Euro 30.023 mil. from Euro 27.181 mil. in 1st Quarter 2005. The above results are within the targets set and announced by the Group's management, for fiscal year 2006.

The Group's presentation is available at www.nireus.gr /investor relations/financial statements.


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