The company XIFIAS S.A. is announcing herewith that the Ordinary General Meetings of its common and preferred shareholders, which convened on 30.7.2005 discussed the following items of the Daily Agenda:

1. The appointment of ordinary and deputy Chartered Auditors of the company for the fiscal year 2005.
2. The conclusion of special employment contracts with BoD Members? and their respective remunerations.
3. The resignation of an independent, non-executive BoD Member, the ratification for the appointment of a new BoD Member and consequently, the new composition of the company?s BoD, the tenure of which expires on 30.6.2010.

It is noted that the company did not reach a resolution on issues 1, 2, and 3 above due to the failure to disclose: a) the company?s Balance-Sheets (corporate & consolidated) for the fiscal year 2004 prior to the Ordinary Shareholders? General Meeting of 30.7.2005, b) cash flows and c) the 2004 Annual Report. In any case, the company seeks to disclose the abovementioned financial information as well as the financial results for the quarters ending 31.3.2005 and 30.6.2005, according to IAS, by 30.9.2005.