According to article 292 of the Regulation of the Athens Stock Exchange Michaniki SA announces that the plan of intended corporate actions for 2006 is the following:

Release of the fiscal year 2005 Financial Results: March 22, 2006
Analyst's briefing: May 3 & 20, 2006
Ordinary Annual General Shareholder Meeting: June 23, 2006
Shares will be traded ex-dividend: June 27, 2006*
Commencement of dividend payment: July 5, 2006*

(*) Dividend payout scheme remains to be clarified by state authorities, because issues related to the first ever release of full year financial results from Greek GAAP to IFRS need further clarification, especially dealing with past years accumulated losses. In any case though, Michaniki' Management intends to propose to the Shareholders a payout that is higher than last year?s dividend, meaning more than 0.12 euros/share.