Decision of the General Meeting
Item 1 : Approval of the published financial statements for the fiscal year 2003 along with the relative Board?s and Auditor's reports.
The published financial statements were approved by the Annual General Assembly without any alteration or modification. The statements in question were submitted at the Athens Stock Exchange (Ref. No. 20213).
Item 2 : Approval of the consolidated financial statements for the fiscal year 2003 along with the relative Board's and Auditor's reports.
The published consolidated financial statements were approved by the Annual General Assembly without any alteration or modification. The statements in question include, the companies BETANET S.A., EKAT ETAN S.A (100%) and SYPRO S.A. (25%).
Item 3 : Board Members' exemption from any compensation responsibility with regards to the actions of the fiscal year 2003.
Following the provisioned voting procedure, the members of the Board were exempted from any responsibility with regards to the actions of the fiscal year 2003.
Item 4 : Approval of the appropriation account for the period 1.1-31.12.2003 and permission grant to the Board for its implementation.
The appropriation account was approved along with the dividend payment of euros 0.14 per share amounting to euros 1.354.783,5 total. Beneficiaries to the dividend will be the investors holding BETANET?s shares at the end of the Athens Stock Exchange trading on June 18th, 2004 (Day of record). From Monday, June 21th, 2004 onwards the company's shares will trade at the Athens Stock Exchange without having any rights to the above-mentioned dividend.
The General Assembly granted the Board the necessary authorization with regards to the dividend payment procedure. The procedure and date of dividend payment will be decided on a later meeting of the Board of Directors and will be publicly announced through the press and the Athens Stock Exchange as well.
Item 5 : Approval of the Board Members salaries for the fiscal year 2003 and settlement of those covering the current fiscal year 2004.
The salaries received by the Board Members during the fiscal year 2003, amounting to euros 149.651,23 (gross figure), were approved and they were distributed as follows:
Constantine Zavliaris, Chairman of the Board, euros 63.195,00
Evangelos Zavliaris, Vice-President & Managing Director euros 63.900,00
Haralampos Nianiakoudis, Member of the Board, euros 22.556,23
Total: euros149.651,23
Moreover, the Board Members' monthly salaries for the fiscal year 2004 were determined in advance as follows:
Constantine Zavliaris, Chairman of the Board, up to euros 12.000
Evangelos Zavliaris, Vice-President & Managing Director, up to euros 12.000
Haralampos Nianiakoudis, Member of the Board, up to euros 2.500
The Board's prospective Bonus Fees for the fiscal year 2004 were placed upon the judgment of the Board to be defined and distributed at the end of the year without exceeding tripled the amount of each Member's monthly salary.
Finally, with regards to the independent Board Members, the monthly salary determined in advance amounted to euros300, the escalation of which was placed upon the Board's judgment pending on the independent Member's meeting participation.
Item 6 : Auditors' election and fee settlement for the fiscal year 2004.
The auditing of the company's financial statements for the fiscal year 2004 will be placed upon the registered auditing company EUROELEKTIKI S.A. and it is proposed that Mr. Prokopidis Antonios and Mr. Ellinakis Eftixios would be assigned as the regular and substitute auditor respectively.
Item 7 : Authorization to the Board Members and company?s Directors for carrying through corporate acts on behalf of third parties (L. 2190/1920, article 23, par. 1).
The Board members and the company?s directors were authorized to carry through corporate acts on behalf of third parties due to the fact that they are fully aware of the company's interests and capable of promoting them.
Item 8 : Verification of new Board Member?s election following a resignation, in accordance with the Company?s Articles of Association (Article 8)
The General Assembly verified the election (09.01.2004) of Mr. Vassilis Despotopoulos as a non-executive member of the present Board, following the resignation of Mr. Vaggelis Spartalis on 09.01.2004. All of Mr. Despotopoulos actions during his membership were also approved.
Item 9 : Authorization to the chairman and the secretary of the General Assembly to sign and verify all its decisions.