Turnover euro 538.8 mn.(+25.4%) Net Earnings euro 143 mn. (+417%) Earnings per share euro 1.75 (+412.9%) Participation of foreign subsidiaries in total sales 30% The total financial figures of GERMANOS Group of Companies followed an upward trend during the 1st half of 2006. Consolidated sales amounted to euro538.8 mn. increased by 25.4% compared to 2005, a fact attributed to the Group's total activities. Specifically, sales of the Group's main activity - Retail - posted an increase of 12.9% and amounted to euro 284.2 mn. from euro 251.8 mn. the respective period of 2005. Sales of the consumer product distribution network (wholesale activity) also increased significantly, with income from this category amounting to euro 214.9 mn. (+ 42%). It is worth noting that activities in foreign countries participate in the aforementioned income category, with Romania's market constituting the main income source. Finally, sales of the industrial activity amounted to euro 35.5 mn, posting an increase of 49.8%. As regards to the participation of foreign subsidiaries in consolidated sales, such amounted to 30% from 25.8% the respective period of 2005. In this context, the rapid development of the store Network in foreign countries, with particular emphasis in the Romanian and Bulgarian markets are worth mentioning. Earnings before Interest, Tax, Depreciations & Amortization (EBITDA) amounted to euro 43.5 mn, posting an increase of 5.2% .Concerning Earnings before Taxes, such amounted to euro 159.7 mn, increased by 376%, a fact attributed to earnings from the sale of the company's participation in HDFS, as well as to the goodwill that emerged from the sale of the participation in SILKWAY (Uzbekistan) during the 1st quarter of 2006. Net Earnings after Taxes amounted to euro 143 mn. (+417%), while Earnings per Share amounted to euro1.75 from euro 0.34 the respective period the previous year. Regarding the financial results Mr. Giannis Karagiannis, Chief Executive Officer of the GERMANOS Group stated, The financial results confirm our choices in all the activity sectors of GERMANOS. At the same time, the strong balance sheet along with the non-existent bank debt, provide GERMANOS the dynamic to continue achieving its goals in Greece and abroad."

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