The Board of Directors of the Company, during a Board Meeting held on October 14th, 2005, taking into consideration the positive financial results of the Company and especially the increased available cash flow, unanimously decided:

(1) To pay to the Company's Shareholders, similarly to previous years, an interim dividend for the financial year 2005 in the amount of euro 18,48 MIO, i.e. 0,22 cents per share. The above payment is expected to take place in December 2005.

(2) To convene an Extraordinary Shareholders Meeting in order for this Meeting to approve:

(a) A recommendation by the Board for an additional one-off dividend payment to the shareholders, charged against retained earnings, in the amount of ? 23,52 MIO, i.e. 0,28 cents per share.
The aforesaid substantial payments will not impact the growth of the Company, since in addition to the increased liquidity, the Company has a relatively low gearing for its size and therefore maintains a high borrowing capability and
(b) A performance related incentive program available to the Company?s Senior Management by way of Stock options.