INVITATION TO THE ANNUAL SHAREHOLDERS' MEETING

Following the decision of the Board of Directors and in accordance with the article 22 of Articles of Association, our Company’s shareholders are invited to the Annual Shareholders’ Meeting on 15 June 2007, Friday, 16:00 pm, at 26 Amaroussiou – Halandriou Street.

1. Submission and approval of the Annual Financial Statements, including the consolidated financial statements, and the Notes on the Accounts, while there will be a hearing of the Management’s and Chartered Auditor’s Report, for the financial year 1.1.2006 – 31.12.2006.
2. Release of the BoD members and the Chartered Auditor from any responsibility for compensation concerning the financial results during the year under consideration.
3. Election of an ordinary and a deputy auditor for the audit of the financial year 1.1.2007 – 31.12.2007, and approval of their fees.
4. Approval for the extension of existing BoD members’ compensation contracts for the years 2007-2008, and approval in advance of the relevant fees for years 2007-2008 and for the financial year 2006.
5. Amendment of the stock option plan.
6. Election of the BoD members.
7. Share capital increase via capitalization of reserves, increase in the stock’s nominal value and consequent amendment of the article 5 of the Company’s Articles of Association. 
8. Announcements.

Shareholders, who have dematerialized their securities not currently registered in the Special Account of the Athens Securities Depository, must deposit the total number or part of their shares via the Account Operator and receive the relevant deposit certificate, issued by the Depository, in order to participate in the Annual Shareholders Meeting. In turn, shareholders must submit the relevant certificate in the Company’s cashiers at least five (5) calendar days prior to the date of the Annual Shareholders’ Meeting.

Shareholders, who have dematerialized their securities currently registered in the Special Account of the Athens Securities Depository, must deposit the total number or part of their shares via the Account Operator and receive the relevant deposit certificate, issued by the Depository, in order to participate in the Annual Shareholders Meeting. In turn, shareholders must submit the relevant certificate along with any other document in the Company’s offices (GRIGORIS SARANTIS SA, 26 Amaroussiou – Chalandriou Street) at least five (5) calendar days prior to the date of the Annual Shareholders’ Meeting.

For any further information concerning the submission of the appropriate documents, please call Ms. Eleni Pappa, tel. +30 210 617 3065.