The 1st Repetitive General Assembly of the Company's Shareholders which took place on the 1st of June 2006, 14:00, at the Company's headquarters (11 Marinou Antipa street, N. Heraklion) and in which 7 shareholders were legally present, representing a 53.09% of the Company's paid share capital (27,584,278 shares), approved a share privilege right for the Company's staff and BOD members, according to article 13 par. 9 of 2190/1920, under the following conditions: The Board of Directors shall be able to issue privilege right certificates within the next three to five years ? the exact period shall be decided by the BOD. The rights shall be exerted with a BOD designated price which shall not be higher than the 80% of the average stock market price of the six-month period before the approval of the issue of the rights. Beneficiaries shall be the Company's executives, BOD members, and the rest of the employees, which shall have a minimum previous service at the Company and based on specific criteria which shall be decided by the BOD. The maximum shares which the Company shall issue will be a 3% of its total number of shares. The General Assembly authorized the Company's BOD to specify the terms of the privilege right program and to take any necessary action in order to implement the decision of the General Assembly.