ΓΕΡΜΑΝΟΣ Α.Β.Ε.Ε.

GERMANOS GROUP OF COMPANIES
DOUBLED PROFITS
INCREASE DIVIDEND BY 166%

Athens, February 27, 2001. For the third consecutive year GERMANOS Group of Companies presented a remarkable performance, regarding the group's financial results as well as further establishment in the markets in which they operate.The positive financial results of the Group, as well as those of the "mother" company, are the outcome of the remarkable course of Germanos during the past 3 years, where the average increase of sales exceeded 70% and the equivalent increase of profits before tax was 80%.According to the final balance sheet for the use 2000, the turnover of GERMANOS Group, increased by 52,8% reaching 143,6 billion Drs, compared to 94 billion Drs in 1999. The pre-tax profits increased by 86% reaching 14,2 billion Drs in relation to 7,6 billion Drs in 1999.As far as the financial results of GERMANOS SA are concerned the turnover, presented an increase of 52,6% reaching 115,15 billion Drs, compared to 75,4 billions Drs in 1999. There was, also, an increase in the margin joint profit of 29,72% from 28,28%. The pre-tax profits were increased by 88,6% and raised to 13,9 billion Drs, in relation to 7,35 billion in 1999, setting the EBT margin to 12,04% from 9,74% in 1999.The consistent development of the company is reinsured by the reimbursement of the targets set and by achievement of larger shares in the markets in which they operate (telecommunications, IT, Internet and autonomic energy). Especially in the mobile telephony market the market share in all new mobile connections for the year 2000, exceed 35%. The expansion of the stores is continuing, aiming at exceeding the amount of 300 by the end of 2001, in Greece as well as abroad (Cyprus, Rumania, Bulgaria and Poland).GERMANOS Group of companies, a leader in the areas of New Technologies, Telecommunications, IT and Internet as well as autonomic energy, is constantly expanding the horizons of its development.With consistency to its strategy GERMANOS Group, is continuing a dynamic program of investments. An investment was made, recently, at the Sunlight factory, concerning the production of batteries with lead. In addition, a big Logistic Center is under construction in Avlonas Attica, with a total budget of 4 billion Drs and a new information system is presently being installed in the entire network of stores.The Group's extremely positive financial results and the fact that the investors acknowledge and support the company's dynamic presence in the industry, led the administration of the Group to the decision of distributing a dividend of 120 Drs per share from 45 Drs in 1999 (an increase of 166%).