ALPHA REAL ESTATE SERVICES

Full year 2006 results

Net profit after tax was Euro 5.8 million from Euro 10.0 million in 2005. Turnover reached Euro 14.5 million compared to Euro 20.8 million last year on the back of reduced revenues from property management and valuations which, due to market conditions, are expected to decline further.
The Board of Directors will propose to the Annual General Meeting of shareholders the distribution of a Euro 0.25 per share as dividend.