PIRAEUS REAL ESTATE INVESTMENT (PIRAEUS R.E.I.T. S.A.) announces that its Annual General Meeting of shareholders which was held on June 29, 2006 at 12:00 p.m. was attended by 13 shareholders representing 41.796.711 shares, out of a total of 54.888.240 shares, namely 76,15%. The General Meeting resolved as follows:
- Approved the financial statements for the fiscal year 01.01.2005-31.12.2005 (drafted according to the International Financial Reporting Standards) together with the Certified Auditor's certificate, the Management Report of the Board of Directors, and the Investments Statement of the company.
- Approved the discharge of the members of the Board of Directors and the Certified Auditor of any liability for indemnity for the fiscal year 2005 (01.01.2005 - 31.12.2005).
- Resolved on the distribution of dividend of Euro 0,137 per share for the fiscal year 2005. Eligible to receive dividends are shareholders of record on 17.8.2006. As of August 18, 2006 (ex-dividend date), the shares of PIRAEUS REAL ESTATE INVESTMENT will be traded ex-dividend. Dividend payment will take place on 28.8.2006 (dividend payment date) through Piraeus Bank. In particular, in case the Operator of the shares is Piraeus Bank, the dividend corresponding to the shares under its operation will be automatically credited to the deposit account connected with the securities custody account in Piraeus Bank. In case the Operator in the Dematerialised Securities System is another Bank or Brokerage Company, such Operator will collect for account of the shareholder the corresponding dividend. In case the shareholder has requested to be exempted from the above mentioned process (at least five business days prior to the dividend payment date) by the Operator or the Central Securities Depository, the shareholder may collect the corresponding dividend himself through the branches of Piraeus Bank, by producing his ID, Tax Record Number, and optionally a copy of his stake in the Dematerialised Securities System. -Approved the payment of fees and remunerations to members of the Board of Directors for the fiscal year 2005 and pre-approved the fees and remunerations to be paid to members of the Board of Directors for the fiscal year 2006.
- Elected the audit firm PRICEWATERHOUSE COOPERS as Certified Auditors to audit the annual and half-yearly Financial Statements for the fiscal year 1.1.2006-31.12.2006, and in particular the Regular Certified Auditor Mr. Vassilios Goutis of Christos, with Registration No.10411 in the Body of Certified Auditors Accountants, and the Substitute Certified Auditor Mr. Georgios Samothrakis of Panagiotis, with Registration No.12161 in the Body of Certified Auditors Accountants.
- Elected the certified appraiser Mr. Pavlos Kanellakis. of the Body of Certified Appraisers, under article 15 of Law 820/1978, to assess the value of the Company's investments for the fiscal year 2006.
- Approved the permission granted to members of the Board of Directors, under article 23 of Law 2190/1920, to participate in the Board of Directors of affiliated companies of Piraeus Bank S.A.
- Announced that the company notified its shareholders on June 19, 2006 that pursuant to paragraph 2, article 53 of Law 3371/2005, they must settle until 22.9.2006 the fractional rights (purchase or sale) which resulted from the share capital increase with distribution of free shares and the increase in the nominal value of each share (General Meeting resolution as of 21.02.2006), in order to obtain whole shares.