Decisions reached in the General Assembly of shareholders held on July 29th, at company premises, include the following:
1. Company preferred stock has been granted the privilege of vote along with the common stock.

2. A stock options plan will come to force for Board members and executives of the company as well as of affiliated companies of the group. According to this plan:
o the total number of stock issued and potentially distributed from the company’s own shares can be up to the 5% of the total of company issued common stock vested for a total of three years - 25% in 2005, 35% in 2006 and 40% in 2007.
o The price of each option has been decided at € 1, 50 per share.

3. A Bond Facility amounting to € 60.500.000. The BoD was authorized to act and decide on all issues concerning the bond facility and its distribution of funds to credit institutions or other financial organizations.

For further information, please contact Mr. Pavlos Kanellopoulos, CFO, at +30 210 8937111 or alternatively at the e-mail: p.kanellopoulos@petzetakis.gr