In order to inform our shareholders and investors we announce that during the THE FIRST REPEATING UNSCHEDULED GENERAL MEETING, which took place on 03.05.2006, week day Wednesday and time 16:00, at the company's central offices at 9 Kyprou and Hydras str, Moschato , Attica was presented 37 shareholders, who represented 50.8727% of the paid share capital of the company and decided at one that:
1. Increase of the company's share capital by the amount of Euro 44,452,729.20, through capitalization of the following reserves: (a) total extraordinary reserves of the amount of Euro 41,033,060.66 and b) part of the difference arising from the issue of shares above par the amount of Euro 3,419,668.54. The above increase will be carried out as follows: (i) For the amount of Euro 30,308,679.00, through increase of the nominal value of the company's existing shares from Euro 0.80 to Euro 1.40 per share and (ii) For the remaining amount of Euro 14,144,050.20, which includes the essentially capitalized amount of Euro 624,535.78 of the extraordinary special reserve deriving from unpaid dividends, through issue of 10,102,893 new shares of the company having a nominal value of euro 1.40 each, which will be freely disposed to the beneficiary shareholders of the company at the proportion of two (2) new shares for ten (10) old ones. Amendment of the relevant article 5 par. A of the company's Memorandum of Association and its formulation into a unified text.
2. Relocation of the company's head office from the Municipality of Glyfada to the Municipality of Moschato, Attica and consequent amendment of article 2 of the Company's Memorandum of Association.
3. Extension of the company's term of operation from thirty (30) to seventy (70) years and amendment of article 3 of the company's Memorandum of Association.
The relevant documents for the effectuation of the decisions due to the law will be given after the approval from the proper authority