The company NEOCHEMIKI L.V.LAVRENTIADIS S.A. announces, according to the decision the BoD of its subsidiary company "LAMDA DETERGENT S.A." (84.62%) has reached during its session on 1.11.2005, the intention of the company for a merger by acquisition from the company BALLIS CHEMICALS S.A. The said merger will be carried out in accordance with the provisions stipulated in articles of C.L.2190/1920 and L.2166/1993. Also, the date for the restucturing balance sheet of the acquired company will be 30.11.2005. Moreover, the proposed shares' exchange ratio of the acquiring and the acquired company will be determined after the valuation of an independent credit institution, investment services firm or auditing house. The aforesaid merger is subject to the approval of the General Meetings of both companies and the competent authorities and is expected to be completed within six months approximately.