The consolidated turnover of the Hyatt Regency Hotels and Tourism (Hellas) SA Group for the first quarter of 2005 (1.1.2005 - 31.3.2005), according to the International Financial Reporting Standards applicable for the first time, increased by 2,2% amounting to 74,7 Million Euro, against 73,1 Million Euro for the first quarter of 2004. The consolidated EBITDA amounts to 26,4 Million Euro.

The net consolidated pretax profits of the Group before subtracting minority rights, are 39,4 Million Euro. The increase is due to the application of IFRS standards and more specifically to a profit of 17 Million Euro, as a result of the sale of 20,1% of the shares of Hellenic Hotels Lampsa SA on January 31st, 2005 previously owned by the Company. The net profits of the Company attributed to the shareholders, after taxes of 7,2 Million Euro and minority rights of 3,6 Million Euro, amount to 28,6 Million Euro, showing an increase of 134,9% compared to the first quarter of 2004.

The turnover of Hyatt Regency Hotels and Tourism (Hellas) SA for the first quarter of 2005 decreased by 7,8%, amounting to 43,6 Million Euro, compared to 47,3 Million Euro in 2004. The EBITDA for the first quarter of 2005 stood at 17,4 Million Euro, showing a decrease of 11,96% in comparison to 2004. The net pretax profits of the Company for the first quarter of 2005 amount to 14,3 Million Euro compared to 16,7 Million Euro in 2004, whilst the profits after taxes amount to 9,7 Million Euro compared to 10,7 Million Euro in 2004 (a decrease of 9%).

The decrease is due to a coincidental reduction of the house hold percentage for the table games at the Regency Casino Thessaloniki. Cash and cash equivalents of the Company and the Group on March 31st, 2005, amount to 51,5 Million Euro and 119,6 Million Euro respectively.

The consolidated results of the Group include Hellenic Casino of Mont Parnes SA (full consolidation), with a turnover of 33,6 Million Euro for the first quarter of 2005, compared to 27,7 Million Euro for the first quarter of 2004 (an increase of 21,4%). In the first quarter of 2005, revenue from table games reached 16.9 Million Euro (an increase of 41% over the first quarter of 2004), whilst revenue from slot machines amounted to 16,2 Million Euro (an increase of 13,8%). Visitation to Regency Casino Mont Parnes for the first quarter of 2005 reached 182.260 visits, showing an increase of 22,8% over the first quarter of 2004.

Τhe company Hellenic Hotels Lampsa SA is not included in the consolidated results, due to the sale of the shares held by the Company on January 31st, 2005, for a total price of 30.403.196,39 Euro.

The aforementioned results will be published in the press on Tuesday June 28th, 2005.