The Board of Directors of Babis Vovos S.A. will propose at the Annual General Meeting of Shareholders, which has been scheduled in June 2005, a cash dividend of euros 0.36 per share.

ΜΠΑΜΠΗΣ ΒΩΒΟΣ Α.Ε.

The Board of Directors of Babis Vovos S.A. will propose at the Annual General Meeting of Shareholders, which has been scheduled in June 2005, a cash dividend of euros 0.36 per share.

The Board of Directors of Babis Vovos International Construction S.A. will propose at the Annual General Meeting of Shareholders, which has been scheduled in June 2005, a cash dividend of euros 0.36 per share, a 20% increase from euros 0.30 for 2003.

The increase in distributable dividend is in line with the Company's long-term dividend policy of a constant and sustainable increase in our dividend per share. The ex-dividend date will be between June 17, 2005 and July 15, 2005. If the proposal is approved at the AGM, the dividend will be distributed within two months of the AGM.