Today, 26th of June 2002, the General Shareholders Meeting of our company was held at our premises in Metamorfosi.

During the General Meeting the financial statements for the use of 2001 were approved, as well as were elected the new Board of Directors in which are concluded non operational members and independent members according to the Regulation has been set from the Athens Stock Exchange.

• The General Meeting decided not to distribute dividends from the profits of the year 2001. Also the Board of Directors proposed the distribution of free shares in proportion one share for every 10 shares held by the shareholders. The final decision for the relevant change of the Statute will be taken at the repeating General Meeting which will take place on the 10th of July 2002 and the distribution of the free shares will be concluded until the 10th of August 2002.
• The Management of the company announced a number of investment projects, which already are in progress, concerning its subsidiaries. By these plans is expected an important improvement which will be profitable for the companies, as well as for the values of mother company's portfolio. Moreover it is announced the intention of the company to implement with the International Accounting Standards about which the company believes that the various assets will be evaluated more correctly, especially the evaluation of the mobile and non-mobile assets.
• It was recalled the decision for stock option purchase as it is estimated that in the current Stock Exchange situation this action will have no effect. Also it was recalled the previous decision which concerns the bond loan terms, taking in consideration that this decision is not favorable due the Stock Exchange course. Besides the company is a step before signing Syndicated loan for the restructuring of its short term bank loans.