In the framework of the regular events organized by the Association of Greek Institutional Investors, the presentation of Hellenic Exchanges Holding SA (HELEX) was held today.

The Company presented its strategy, and focused on the increase in the market figures during 2005, the further reduction in the Group's operating costs, as well as its cooperation plans with neighboring capital markets in southeastern Europe.

The CEO of HELEX, Mr Spyros Capralos noted that, when approximately fifteen months ago he assumed the management of the Group, the first targets that were set were the increase in reliability of the market, the restructuring and modernization of the Group and the development of international cooperation for the improvement of the position of the Greek capital market. The results of these efforts are already apparent. From the beginning of the year, the net inflow of capital in ATHEX from foreign investors is approaching 5 billion, and more than 50% of the daily turnover is from abroad.

Concerning the cooperation with neighboring capital markets, he noted that the common trading and clearing platform with the Cyprus Stock Exchange will be fully operational when the changes in the legal and institutional framework that concern the Cyprus capital market have been made. Regarding the cooperation with other European exchanges, Mr. Capralos noted that all possibilities are being examined, especially at the information technology systems level.