Athens, June 27, 2001 · The Annual General Shareholder Meetings of Microland Computers S.A. (MLAND GA) (MCRr.AT), the listed subsidiary of the ALTEC Group (ALTEC GA) (AICr.AT) was held yesterday.

Addressing the shareholders, Mr. Athanassios Athanassoulis, the President of the Altec Group, emphasized the dynamic growth of the company's financials and the significant increase of its market share during fiscal year 2000. The company's consolidated turnover increased by 68.1% to 14.98 billion GrD, while pre-tax profit reached 920 million GrD, up 37.6%. The parent company realized a turnover of 14.6 billion GrD presenting an increase of 64.4%, while pre-tax profit increased by 41.7% to 912 million GrD.The ongoing Information Technology advancements, as well as the supply of new technological solutions and tools in the field of systematization and digital processing of information, is the major growth driver for the home users and middle size companies' market (SoHo). The main goal of the company is to provide complete customer service in High Technology products and services (One Stop Shop).The General Shareholders Meeting of Microland, resolved on: a) a share capital increase of 3,072,933,000 GrD by increasing par value from 100 GrD to 340.750 GrD and capitalization of the Share Premium Reserve, b) the conversion of its share nominal price and share capital in Euro according to Law 2842/2000 and c) the modification of the article 5 of the company's charter regarding capital.In addition, the Assembly approved the change for the use of raised funds and ratified the selection of a new member of the Board of Directors, which replaces a resigned member.For further information please contact: Ms. Emilia Kritikou, Group Investor Relations Manager, Altec Group of Companies, at +(301) 687-2058.