Dimitri Papalexopoulos, Chief Executive Officer would like to invite you to participate in a conference call on Tuesday 28th August 2001, to present and discuss Titan's 1st Half Results 2001 as well as recent developments.

The results will be announced after the market close on the same day.

Hosting the teleconference will be Takis Canellopoulos, Investor Relations Officer. Mr. Dimitri Papalexopoulos from Titan will present and discuss the results as well as recent developments.

The details are as follows:

TELECONFERENCE 28th August 2001

Time: 15:30 UK Time, 10:30 Eastern Standard Time, 17:30 Greek Time
Tel: + 44 (0) 8700 559 371 OR 0800 027 0221 (for European Participants)
800 449 5574 (for US Participants)
Emergency backup number: + 44 (0) 141 567 5320

Password: Titan
Chairperson: Takis Canellopoulos

Please call in 5/10 min prior to start of teleconference

The teleconference will last approximately 60 minutes. Following a short presentation, you will have the opportunity to ask questions.

If you are unable to participate, you will be unable to hear a recording of the conference for 48 hours.

Instant Replay Numbers: (Open 24 hours)

UK/Europe: Tel: + 44 (0) 141 566 8866 OR 0800 027 0225
Client identity number: 570 Passcode: 185#

US: Tel: + 1 858 812 6440 OR 800 633 8284
Passcode: 19460966#

Press Release

The Press Release will be sent to you during the Conference Call.

Takis Canellopoulos
Investor Relations Officer