01 December 2006 - Within the framework of a consistent policy by the Company for the improvement in competitiveness of the Greek capital market, the HELEX Board of Directors, at its meeting today, decided on a series of changes in its existing pricing policy which leads to a reduction for investors of 33% on the trading fees for exchange transactions.
In particular, the reductions, which imply a benefit to investors of Euro 14.4 ml. on an annual basis, will come into effect on January 1st 2007 and are summarized as follows:
* The fee on transactions is reduced from 0.020% in effect today to 0.015%
* The additional fee of 0.005% on transactions through the ODL service in effect today is abolished.
* The transaction fee on all block trades will be reduced by 50% (from 0.020% to 0.010%).
* The fee for the first 300 orders placed daily in the trading system (OASIS) by each member is abolished.
For the use of the systems and infrastructure of the Group, the following fees are introduced:
* For opening a new account, there will be a one off fee of Euro 10.
* An annual fee for maintaining an account is introduced, in the amount of Euro 3 in addition to a scalable fee based on the value of the portfolio. It should be noted that there will be no charge for portfolios with a value of less than Euro 3,000. The number of investors that will not be charged is approximately 685,000.