Today, the 22nd day of June 2006, the Shareholders of the company TERNA S.A. held the Ordinary General Assembly, in which 39 Shareholders of 29.418.792 shares and voting rights, thus a percentage 64,00% of the share capital, participated. The General Assembly of the Shareholders with the above mentioned quorum of 64,00% unanimously made the following decisions: The Shareholders' General Assembly with the above mentioned quorum unanimously made the following decisions on all the Items of the Agenda, except for the 5th Item regarding "Decision for the issuance of a common Bond Loan according to the provisions of Law 3156/2003 and the terms and conditions contained therein", for which, according to the Articles of Association, an increased quorum is required, thus a percentage of 66,67%. The Shareholders being present all voted and decided that the General Assembly will proceed with making decisions on the Items, for which an increased quorum is not required, whereas the 5th Item will be discussed at an A' Repeat General Assembly. Τhe General Assembly approved in whole the Financial Statements (Company and Consolidated) for the financial year 2005, as these statements were published in the Press on 31/3/2006 and were analytically presented in the Annual Report, which was distributed to the Shareholders present in the Assembly. Also, the General Assembly approved dividend of Euro 0.22 per share that will be distributed to the Shareholders, holders of shares at the closing of trading on 23rd June 2006. More specifically, the General Assembly decided that the distribution of dividends will be conducted by "PIRAEUS BANK S.A." and set as date of commencement of distribution Monday July 3rd 2006. After the approval of the Financial Statements the General Assembly, by nominal vote, discharged the Members of the Board of Directors and the Auditor Mr. Zeis from every liability or compensation deriving from the exercise of their duties for the financial year 2005. Further on, the General Assembly unanimously elected from the members of the company "SOL S.A. CHARTERED AUDITORS" Mr. Georgios Laggas as Regular Certified Auditor for the financial year 2006 and Mrs. Xenia Anagnostou as Deputy, arranging as fee the one set forth by the company "SOL S.A. CHARTERED AUDITORS" which applies to all of its members. The General Assembly gave its permission and approval for the participation of Members of the Board of Directors and Executives of the Company in the management of other companies, which are in any way connected with the Company. The non-executed part of contracts at the end of the year is expected to exceed the amount of euros 1 billion, which will signify the securing in favour of the Group of construction works for the forthcoming years. The participation in tendered BOT projects, the participation of the construction branch of the Group in tenders and the undertaking of public and private projects as well as the successful entering into foreign markets strengthen the confidence of the Administration in the improvement of the future development of the construction part of the Group. In the fields of energy projects, the investment programme in renewable energy sources is continuing, as the existing power capacity has increased to 107 MW instead of 65 MW at the end of the year, whereas plants of a power capacity of 58 MW are under construction. In the fields of thermal power, a thermo electrical power plant of 147 MW operates and the Group examines possible participation in a tender for one more plant of a power capacity of 400 MW.