Athens, November 27th 2003. M.J.MAILLIS GROUP is announcing its Consolidated Financial Results for the Third Quarter of 2003.

• Consolidated Sales of 224.7 mln euros versus 226.9 mln euros in the Third Quarter of 2002.

• Consolidated Earnings before Interest, Taxes and Depreciation (E.B.I.T.D.A.) of 38.8 mln euros versus 40.0 mln euros in the nine months period of 2002.

• Consolidated Earnings before Tax (E.B.T.) of 17.0 mln euros versus 19.8 mln euros in the relevant period of 2002.

M.J.MAILLIS GROUP during 2003 retained its top line figures and profitability ratios within a difficult International environment, with substantial downturn in the European and global economy. The international recession was affecting by definition M.J.MAILLIS GROUP, which is impressively active in the Global markets.

The Group?s sales per geographical region have as follows:

Greece 3%

European Union 57%

Non-European Union 20%

America 15%

Rest 5%

The true picture is that there is a significant increase in sales of 6%, which is not obvious due to the extensive devaluation of US Dollar, UK pound and the Eastern European Countries currencies. Growth in Sales in a declining market clearly suggests increase in the Group market shares.

During the same period big international competitors of the Group are facing significant sales reduction.

During this difficult year, M.J.MAILLIS GROUP continued aggressively with major industrial investments, mainly in Italy (SIAT), establishing highly cost effective infrastructure and implementing determined restructuring programs.

M.J.MAILLIS GROUP completed its restructuring and integration effort creating a stronger, efficient than ever and more competitive Group. Big global accounts in Europe and North America (Wal-Mart, Coca-Cola, Agfa Group, Smurfit, etc.) feel confident about the Group?s technology, products and service, signing long term contracts. This is a clear confirmation of our Strategy.

As the Global markets are gradually improving M.J.MAILLIS GROUP?s huge accumulated potential and true capacity will become more obvious, making clear that M.J.MAILLIS GROUP returns to substantial growth rates.

For more information, please contact our Group? s Investor Relations Department (Mrs. Lina Dede, Investor Relations Officer, tel. +30 210 6285194 or e-mail : lina.dede@maillis.gr)