The hearing of the appeal against the claims regarding the building permit for the construction of 105 vacation houses by our company in Pountazeza Sounio, took place before the Council of State.

ΜΠΑΜΠΗΣ ΒΩΒΟΣ Α.Ε.

The hearing of the appeal against the claims regarding the building permit for the construction of 105 vacation houses by our company in Pountazeza Sounio, took place before the Council of State.

The management of BVIC S.A. announces that on March 2, 2005, the hearing of the appeal against the claims regarding the building permit for the construction of 105 vacation houses by our company in Pountazeza Sounio, took place before the Council of State.

We expect the Council's verdict within the next 6 months. We remain positive regarding the final decision, nevertheless we are exploring alternative development options for the land plot.