According to article 2 of the Decision 3/347/12.7.2005 of the Hellenic Capital Markets Commission, it is hereby announced that the Board of Directors of the Company during its meeting dated February 28th, 2006 reorganized as a Body Corporate as follows:

Vardis J. Vardinoyannis - Chairman and Managing Director, Executive Member
John V. Vardinoyannis - Vice Chairman, non executive member
Panagiotis Ν. Kontaxis - Vice Chairman, non executive member
John N. Kosmadakis - Deputy Managing Director, Executive member
Petros Τ. Tzannetakis - Deputy Managing Director, Executive member
Dimosthenis N. Vardinoyannis - non executive member
Nikos Th. Vardinoyannis - non executive member
George P. Alexandridis - non executive member
George Th. Theodoroulakis - non executive member
Despina N. Manolis - non executive member
Konstantinos V. Maraveas - non executive / independent member
Leonidas K. Georgopoulos - non executive / independent member

From the above members, Mr. Dimosthenis N. Vardinoyannis (non executive member) was elected in the place of Mrs Irene - Caroline Kontoyannis (executive member) who resigned.