HELLENIC EXCHANGES - ATHENS STOCK EXCHANGE S.A.

The Board of Directors of the company Hellenic Exchanges Holding S.A. (HELEX) has elected Mr.Nicolaos Bertsos as a Member of its Board of Directors in the place of the resigned Member Mr.Christos Spanos.

The Board of Directors of the company Hellenic Exchanges Holding S.A. (HELEX) has elected Mr.Nicolaos Bertsos as a Member of its Board of Directors in the place of the resigned Member Mr.Christos Spanos.

The election of the new Board of Directors Member is subject to the approval of the Ordinary Shareholders General Meeting of HELEX S.A. that will take place on April 25, 2005.