S & B ΒΙΟΜΗΧΑΝΙΚΑ ΟΡΥΚΤΑ Α.Ε.

Corporate Presentation of S&B Industrial Minerals S.A.at the Association of Greek Institutional Investors

A corporate presentation of S&B Industrial Minerals S.A. on its activities, its investment highlights and the Group's financial results for the nine months of 2005 (January-September) was made today, at the Association of Greek Institutional Investors, by the Chief Financial Officer of the Group, Mr S. Hatzikos. In his presentation of the nine months results, Mr Hatzikos noted that consolidated sales of the S&B Group and profits before taxes marked increases of 15.7% and 21.7% respectively, in the nine months of 2005, compared to the corresponding period of 2004. More specifically, consolidated sales reached Euro 321.36 million versus Euro 277.68 million and profits before taxes amounted to Euro 27.43 million compared to Euro 22.54 million in the same nine month-period of the previous year. Moreover, EBITDA increased by 19.2%, amounting to Euro 49.4 million versus Euro 41.44 million. Following the Group's financial overview, Mr Hatzikos focused on the Industrial Minerals sector, (representing more than three quarters of the Group's turnover), the purpose of which is to 'provide innovative industrial solutions by developing and transforming natural resources into value creating products'. In this sector, the sales increase in January-September 2005 was 23% (Euro 254.4 million from Euro 206.74 million), and the EBITDA increase was 26.7% (Euro 43.89 million versus Euro 34.65 million). This growth is attributed to the acquisition of STOLLBERG, in late June 2004, but also to organic sales growth and competitiveness improvement of the industrial minerals sector. Finally, Mr Hatzikos presented the investment proposal of S&B, based on the sustainable long-term growth strategy of the Group, which aims at exploiting its competitive advantages and develop even further, both geographically as well as in new products and in new applications; seeking new 'Market to Mine' added value chains, and safeguarding long-term shareholder value through the implementation of the sustainable development principles.