In reply to the letter with Ref. 291/24-1-06 of the HCMC, which refers to the article of the daily newspaper "IMERISIA" (issue dated 24th January 2006, page 17, article title: "Invitation for expression of interest on terminal management, interest expressed by ATTICA for the port of Igoumenitsa"), please note the following:

ATTICA HOLDINGS S.A. expressed initial interest to the invitation of Igoumenitsa Port Authority, to examine the possibility of commercially exploiting potential available space at the Port of Igoumenitsa (to be used for parking and handling of unaccompanied cargo).

Our Company's expression of interest constitutes the first step of an investigation procedure, which will require further negotiations with the Igoumenitsa Port Authority regarding a number of commercial parameters (ie. Project time frame, infrastructure requirements etc.) before we make any final decisions.

In case there are any concrete developments on the issue, we will immediately inform the capital market Authorities accordingly.