1. Increased annual financial results for the financial year 2005 on company and consolidated levels presented the company of heavy prefabrication BETANET S.A.
More specifically and according to published Annual Financial Statements already disposed through company's updated website www.betanet.gr:
a) The parent company's turnover during 2005 rose to Euro 16,52 compared to Euro 14,29 mil. for 2004 increased by 15,60%. The respective consolidated turnover rose to Euro 29,21 mil compared to Euro 26,16 mil. increased by 11,66 %. The latter is a particularly notable fact, taking into consideration the domestic Public Projects market segment decline in 2005. It must be also specified that the turnover increase for company and the Group is mainly attributed to the projects in the private sector, representing a 85% of company?s total turnover and a 75% of Group's total turnover respectively.
b) The operational company's results before the deduction of taxes and interest (EBIT) for the parent company rose to Euro 4,67 mil. compared to Euro4,28 mil. for 2004 ( 9,12 % increase), while the respective consolidated EBIT rose to Euro 6,82 mil. compared to Euro 5,54 mil. for 2004 (23,10 % increase).
c) The parent company's profits before taxes for 2005, compared to the respective final profits for 2004, rose to Euro 5,04 mil. compared to Euro 5,22 mil for 2004, while the respective consolidated profits before taxes rose to Euro 5,12 mil. compared to Euro 6,14 mil for 2004, due to the deduction of participations in the year 2005, against those of 2004.
Moreover it should be noted that, the 2005 annual consolidated financial statements include the 100% subsidiary EKAT-ETAN S.A. under full integration method and the 25% participation of BETANET S.A. at SYPRO S.A. industrial company under the method of net capital.

2. According to the aforementioned annual financial results, the Company's Board of Directors intends to propose at the next Annual Shareholders General Meeting, scheduled to be convened during the second fortnight of June 2006, a dividend payment for the financial year 2005 amount to Euro 0,14 per share, that equals to a 4% approximately net dividend yield based on December 30th, 2005 A.S.E. share?s closing price and also a free share distribution in proportion of four (4) new shares for each ten (10) old ones , arising from the capitalization of reserves "emission of shares above par".

3. BETANET S.A. through optimal use of its production facilities in its two main production plants situated in South and North Greece (Shimatari and Komotini), produced and supplied, in the year 2005, a lot of high strength prefabricated concrete elements which were assembled to form residences, hotels, institutional buildings, industrial buildings, multi storey buildings etc in the Greek territory, while the 100% subsidiary EKAT-ETAN S.A. besides implementing several private and Public Infrastructure projects, also successfully executed, the same period of time, a substantial number of specified structural repairs and renovation projects. Furthermore, the geographical distribution of the Group?s projects realized in 2005, was 55% for the Attica district with 45% for the remaining Greek prefectures.

4. The Management's estimations for the year 2006 given the current domestic and European developments remain positive based on the historical sustainable Group growth, the Group's lately developed considerable investments including tangible assets and equipment, the extensive know how and the brand name perception, i.e the main specific elements that constitute the basis for the future increase of its corporate and financial size and value.