Athens, November 28th 2002. M.J.MAILLIS GROUP is announcing its consolidated financial results for the 3rd Quarter of 2002.

• Consolidated Sales of Euro 226,9 mln versus Euro 188,7 mln in the 3rd quarter of 2001, corresponding to an increase of 20,3 %
• Consolidated Earnings before Interest, Taxes and Depreciation (E.B.I.T.D.A.) of Euro 40,0 mln versus ? 32,8 mln in the nine months of 2001, corresponding to an increase of 22,0 %
• Consolidated Earnings before Tax (E.B.T.) of ? 19,8 mln versus Euro 17,7 mln in the nine months of 2001, leading to an increase of 12,1%

M.J.MAILLIS GROUP continues in the same positive direction with significant sales growth and improvement in profitability. The substantial improvement of operating profits (E.B.I.T.D.A.), confirms the Group΄s successful streamlining process.

International markets are still under pressure. Especially in Europe the economic environment further deteriorates as we move towards the end of the year.

M.J.MAILLIS GROUP focusing in the rationalization of the Group companies, enriching its product portfolio and investing in Research and Development continues its growth path and profitability improvement.

Keeping in the right track within these economic conditions, clearly suggests that in the process of normalization of the international markets growth rates of M.J.MAILLIS GROUP will be accelerated.