The Board of Directors of the company M.J.MAILLIS S.A. informs the investing public that, the 1st Extraordinary Shareholders General Meeting of the company, which convened on 4/07/2005 approved- inter alia-the share capital decrease of the company by euro74,943.6, through the decrease of the total number of its shares, i.e. from 72,786,836 to 72,688,226 common registered shares, due to the cancellation of 98,610 own shares, in accordance with Article 16 of C.L.2190/1920.

The above-mentioned 98,610 own shares were acquired during the period from 30/01/2001 until 6/06/2002, in implementation to the company?s Extraordianry Shareholders General Meeting decision of 21/12/2000 as well as the pertinent BoD decision of 15/01/2001.

Following the aforementioned decrease, the share capital of the company amounts to euro55,243,051.76, it is divided into 72,688,226 common registered shares, of a par value of euro0.76 each.

Also, on 20/07/2005, the Ministry of Development, by its relevant decision approved the modification of the relevant article of the company?s Articles of Association. In addition, the ATHEX Board of Directors, during its session of 4/08/2005 was informed about the said share capital decrease due to the cancellation of the own shares of the company.

Based on the above, the trading of the 98,610 shares of the company, which are cancelled, will cease on 10/08/2005.

For any further information, Messrs. shareholders may contact the company?s Shareholders? Service Department (tel.+210 62.85.196, contact person: Mrs.Smani).