The ATHEX Board of Directors on its session on 5.12.2002 decided, according to Regulation no. 64 of the ATHEX BoD, to classify as of 6.12.2002 the common & preferred shares of the company XIFIAS S.A. to ‘under supervision' status, taking into account the recent negative developments that concern its smooth operations.

Specifically, on the occasion of press releases during the last days, today was officially announced to the ATHEX by the administration of the issuer company, that one of creditor Banks had submitted an application for the classification of the company into a bankruptcy status, the discussion of which is going to take place on 6.12.2002.

It is noted that the issuer company had not notify instantly and clearly the investment public for these developments.

As it results from the above, the issuer company did not observe its obligations that result from the stock market law, concerning the on time and reliable notification of the investment public for new significant events regarding its activity that may, due to their impact on the economic status of the company, cause a significant fluctuation of its share price. Consequently, the ATHEX will inform the Capital Market Commission of the non-compliance of the company, regarding its obligations, for the notification of the investment public