IR Releases

Changes to corporate management structure of GR. SARANTIS

PRESS RELEASE Having completed a very successful year for Gr. Sarantis S.A., with this note I wish to inform you regarding two major changes to our corporate management structure. Effective March 1st 2005, Mr.

GR. SARANTIS S.A.: ASE ANNOUNCEMENT

Interim Results for January - September 2004

PRESS RELEASE The significant improvement of financial results, indicates the Group’s successful growth strategy both in Greece and abroad. Major Highlights of Financial Results Significant increase of 8.

GR. SARANTIS S.A. has come to an agreement with HUNCA Kozmetic SANAYI A.S.

PRESS RELEASE GR. SARANTIS S.A. has come to an agreement with HUNCA Kozmetic SANAYI A.S. in Turkey, to sell its fragrances in Turkey. At the same time Sarantis will sell HUNCA products in Eastern Europe.

Financial Results - 1st Half of 2004

PRESS RELEASE Strong growth in sales and profits present the consolidated financial statements of the Sarantis Group for the period of JAN – JUNE 04 versus JAN – JUNE 03. More specifically, the Group΄s net sales reached 117,4 mio €, increased by 8,5% versus the same period in 03, which have amounted 108,2 mio €.

SARANTIS GROUP 1st Quarter 2004 Results

PRESS RELEASE On a consolidated basis, Sarantis Group has reported sales of 51,6 mio € for the first quarter of 2004, +6% versus year ago. At the same time, pre tax and after minorities earnings showed a 47% increase climbing to 3,6 mio € compared to 2,4 mio € in the first quarter of 2003.

Private Placement Announcement

PRESS RELEASE GR. SARANTIS AVEE announces that its main shareholders have placed today in international and national institutional investors 1,5 million shares for the price of 4,14 € per share. This move aims at raising the participation of foreign and Greek institutional investors in the corporate capital of Sarantis and it is anticipated to significantly improve the share’s free float and marketability.

The management of the Sarantis Group proceeded in a positive forecast on the results of the next two years

PRESS RELEASE The management of the Sarantis Group proceeded in a positive forecast on the results of the next two years. Specifically, the net sales of the Group are forecasted to reach the amount of 246 million euros in 2004, increased by 6% with respect to 2003, while in 2005 they will, increase by 8% with respect to 2004, reaching the amount of 265 million euros.