The company "Hellenic Hotels LAMPSA SA" announces that the 100% affiliated Cypriot company "Luella Enterprises Company Ltd" obtained on June 6th 2006 with owned funds and for the amount of euro 11.080.535,48, the 100% of the shares of the company "North Haven Ltd", based in Hong Kong and affiliated company of "Hyatt International Holdings Company". The company "North Haven Ltd", owns the 51% of the shares of the company "Beogradsko Mesovito Preduzecee A.D", which is the owner of the hotel "Hyatt Regency" in Belgrade. The mentioned property is located in the most central place of the new town of Belgrade, it is the only 5 start hotel of the city and has 308 rooms and suites and also considerable banqueting and events spaces. Hyatt International will remain operator of the hotel for the forthcoming twenty three (23) years.

Also, it was given to the "Hellenic Greek Hotels LAMPSA SA", or to affiliated company, the right to the intention of purchase of the 100% of the shares of the company "Belven Associates" based in Bahames, that is entitled to loan amounted 36.167.871,00 US Dollars ,to the company "Beogradsko Mesovito Preduzecte A.D" insured with mortgage on the building. The terms of the above loan are particular favourable, for the company, according to current conditions. Interim owner of the 100% of the shares of the company "Belven Associates" is from June 6th 2006 a company of the benefits of Laskarides group, after purchasing it from company benefits of family Pritzker in Chicago , U.S.A. Our company intends to pursuit straight to the right to the intention of purchase as to assure the finance of the deal, with bank loan or with capital increase.

The Board Of Directors with the support of the shareholders of the company intends to develop continuously the company in the tourist sector. To be stated that this investment is the first one in the history of Lampsa , since for more than one century , the Hotel Grande Bretagne was the only asset of the company. Finally , to be stated that the occupancy and the revenues of the renovated "Grande Bretagne" this year have been continuously improving to the benefit of the shareholders of the company.