The General Shareholders Meeting of M.J.MAILLIS S.A., which has held at the Athens Plaza Hotel on 28/05/03, approved the financial results of the year-ended 31/12/2002.

Dividend was decided to be ? 0,06 per share corresponding to a dividend yield of 2.1 %.

The Chairman of the Board of Directors and Managing Director Mr. M.J.Maillis in his presentation referred to the 2001 results stated that M.J.MAILLIS GROUP within a very negative economic environment, continued to grow, achieving 15% increase in consolidated sales and substantial improvement (25%) of operational profits. Within 2002 confirmed its strong presence Globally while at the same time was implementing an extensive streamlining program in order to integrate successfully the explosive growth of the previous years.

M.J.Maillis Group is extensively investing in the necessary infrastructure as well as in Research and Development, in order to further strengthen the Group's market position establishing greater competitive advantage.

It is obvious that this process establishes a strong basis, for Group's future Growth and Development. When International Markets become more settled we will then be able to measure the true results of the significant investment, restructuring and integration effort, which has been carried out the last 5 years.