Logismos INFORMATION SYSTEMS S.A.

Financial results for the first quarter of the year 2004

Logismos announced the financial results for the first quarter of the year 2004 according to which sales revenues are 602.585,98 euro showing a small increase compared to the last year correspondent quarter which were 593.862,82 euro. The earnings before interest, taxes and depreciation are 292.483,82 euro increased by 20% compared to the last year correspondent quarter which were 243.374,88 euro. Finally, the profits before taxes are 20.881,72 euro, increased by 131% compared to the last year correspondent quarter.

The company continues the realization of significant investments in development and production of software products as well as improvement of existing products according to the Business Plan dated December 2002, issued for the listing of the company in the Parallel Market of Athens Stock Exchange.