Further to your letter and with reference to the press article published in Imerisia Newspaper on 13/02/2006, M.J. MAILLIS S.A. points out the following:

1. The consolidation and the audit of the financial results of the Company for 2005 are still in process. With a former announcement to the Stock Exchange, the Company informed the investor community that the 2005 results will be announced on 28/2/2006 (followed by a press release and a teleconference with investors on the same date and at a time to be shortly announced by the Company) and any commentary at this stage would be untimely.

2. In line with its policy for providing timely and accurate information to the investor community, on 28/11/2005 the Company sent to the Stock Exchange and made available on its website a presentation of the 9-month results in which there was reference to restructuring costs of EUR 3.4 million that will burden the 2005 consolidated results of which EUR 1 million had materialized and were reported in the 9 month results. It maybe the case that the projections set forth in the article were based on this inf ormation.

3. With reference to the expansion in Switzerland, according to the relevant announcement made on 9/2/2006, the Company established one subsidiary in Switzerland and not two, as mentioned in the article.

4. We confirm that the operation of a second line for the production of plastic strap in the Group's plant in South Carolina is scheduled to start within April-May 2006.

5. Finally, the Company confirms that it considers the possibility of penetrating new markets like Russia, Ukraine and Turkey, an intention that has already been announced in former press releases (i.e. 30/5/2005, 19/5/2005, 7/3/2005 and 28/2/2005). As mentioned in the Company?s announcement on 3.11.2005, in response to press article, these discussions are at a preliminary stage therefore the disclosure of further information is not considered appropriate at this time. The Company having as primary concern to provide timely and complete information to the investors' community is going to proceed with announcements as soon as the negotiations mature.