The Board of Directors of Alpha Leasing, in its meeting on 29.07.2003 approved the financial statement for the first semester of the year 2003.

Despite the low demand during the first months of the year, net profit before taxes for the semester reached Euro 8.3 million, the total number of revenues amounted to Euro 77.6 million and the total assets reached Euro 515.9 million, while the new leasing contracts including those in process reached Euro 144.4 million.

Finally, the Board of Directors during the meeting decided to convene an Extraordinary General Meeting of Shareholders on September 5th 2003 with sole subject the issue of a bond loan according to Law 3156/2003. The above bond loan will serve to restructure short term bank lending, as well as the financing of new investments and will contribute decisively to the reduction of the Company?s financial expenses.