Athens, June 14th, 2005. The Annual General Shareholders' Meeting of M. J. Maillis S.A., which took place on June 14, 2005 at the Goulandris Natural History Museum in Kifissia , approved the Financial Results for the year ended 31/12/2004.

Mr M.J. Maillis, Chairman and CEO of the Company, referring to the 2004 results, underlined that the Group completed successfully the difficult task of integrating all the acquired companies, achieving the strategic target of 15% organic growth.

The parent company of the Group had a record year with 37% increase in sales and 41% increase in profits before interest, tax and depreciation (EBITDA). The General Shareholders' meeting approved the distribution of euro 0,05 dividend per share.

With respect to the Group?s future prospects, Mr Maillis mentioned that despite the unfavorable economic conditions in the first half of 2005, consolidated sales are increasing at a pace close to 10%, confirming the successful implementation of Group's strategy, while for the full year organic growth is expected to reach 12%. The first results from the new investment in the US will be also evident in the second half, as the PET line in South Carolina is in full operation since April and the production has already been sold.

Finally, Mr Maillis pointed out that as the Group completed the integration of its investments during the period 1999-2004, the management aims to improve the dividend policy, assisted by:
a) the significant growth of the parent company (37% increase in sales in 2004 and 31% in the 1st quarter of 2005),
b) the reduction in depreciation and c) the establishment of a Treasury Center which will undertake the financing of the subsidiaries, relieving the parent company from the respective interest cost.

For more information, please contact our Group's Investor Relations Department (Mrs. Alexandra Konida, Group Treasury & Investor Relations Director, tel. 210-6285202 or e-mail alexandra.konida@maillis.gr)