The company MOYRIADIS S.A.announces that its 2nd Recurring Ordinary General Meeting of its shareholders, which convened on 29.07.2005, approved unanimously all the items of the Daily Agenda.

More specifically, the OGM decided unanimously on the following:
1. a) The revocation of: i) the decision of the 2nd Recurring Shareholders General Meeting of 04.01.2005 on the share capital decrease of the company by the amount of euro 568,490 with a respective decrease of the par value of each share by euro 0.04 through a write-off of losses and on the simultaneous rights' share issue of the company by the amount of euro 800,000 and the issue of 1.250.000 new shares of a par value of euro 0.64 each, due to the fact that the above share capital increase was not realised, ii) the decision of the 2nd Recurring Shareholders General Meeting of 04.01.2005 on the cancellation of the old shareholders' pre-emption right on the total sum of the above-mentioned increase of euro 800,000, according to article 13 § 6 law 2190/1920, and iii) the resolution of the 2nd Recurring Shareholders' General Meeting of 04-01-2005 on the modification of Article 5 of the Articles of Association of the company.
b) The share capital decrease of the company by the amount of euro 5,400,655, as it is formed after the revocation of the above-mentioned resolutions of 04-01-2005 with a reduction of the par value of euro 0.68 for each share by the amount of euro 0.38 (euro 0.38/share X 14,212,250 shares= euro 5,400,655) through the write-off of losses and a simultaneous rights' share issue of the company by euro 900,000 and with the issue of 3,000,000 new registered shares of a nominal value of euro 0.30 each (euro 0.30 Euros/Share X 3.000.000 shares = euro 900,000).

2. The cancellation of the old shareholders' pre-emption right right on the total sum of the above-mentioned increase euro 900,000, according to article 13 § 6 law 2190/1920.

3. The modification of article 5 of the company's Articles of Association so as to be adapted in the above taken decisions and to be codified in a single text.