Hellenic Exchanges Holding S.A. (HELEX) announces that, after the expiration of the contribution period, which ended on 21.1.2002, there was a partial coverage of the share capital increase, which had been decided at the first reiterative EGM on 28.12.2001. The share capital increase was to take place through the contribution in kind of the shares of the companies ?Central Securities Depository S.A.?, ?Athens Derivatives Exchange S.A.?, ?Athens Derivatives Exchange Clearing House S.A.?, ?Thessaloniki Stock Exchange Centre S.A.? and ?Systems Development and Support House of Capital Market S.A.?.

The share capital increase was covered as follows:

1. The total amount of the estimated 3,888,300 shares of ?Central Securities Depository S.A.? (CSD) was contributed. HELEX now holds, directly and indirectly through its subsidiaries, 70.32% of CSD.

2. The total amount of the estimated 1,526,300 shares of ?Athens Derivatives Exchange S.A.? (ADEX) was contributed. HELEX now holds, directly and indirectly through its subsidiaries, 100% of ADEX.

3. The total amount of the estimated 4,285,500 shares of ?Athens Derivatives Exchange Clearing House S.A.? (ADECH) was contributed. HELEX now holds, directly and indirectly through its subsidiaries, 98.95% of ADECH.

4. The total amount of the estimated 66,015 shares of ?Thessaloniki Stock Exchange Centre S.A.? (TSEC) was contributed. HELEX now holds, directly and indirectly through its subsidiaries, 99.82% of TSEC.

5. The total amount of the estimated 277,125 shares of ?Systems Development and Support House of Capital Market S.A.? (ASYK) was contributed. HELEX now holds, directly and indirectly through its subsidiaries, 98.75% of ASYK.

Due to the fact that the share capital increase was not fully covered as had been decided at the 1st reiterative EGM, the provisions of article 13a of Law 2190/1920 will be valid. Therefore, HELEX's share capital will be increased by ? 93,870,273.65 / Grd. 31,986,295,746 (instead of ? 94,352,265.85 / Grd. 32,150,534,588.3875). The new number of new common registered shares that will be issued is 18,588,173 that will have a nominal value of ? 5.05 / Grd. 1,720.7875 each.

The new shares of the company will be given to the beneficiaries · persons who contributed their shares in kind during the share capital increase - through their accounts in the Dematerialised Securities System, which is handled by the Central Securities Depository. The delivery of the shares and the date on which they will begin being traded, will be announced by HELEX.