The Board of Directors of MEDICON HELLAS S.A., in reference to its relevant announcement dated 15.7.2005 (re: liquidation of the rights that derived from the share capital increase of the company through the distribution of bonus shares-via Ethniki Securities S.A.- during the period from 25.7.2005 until 29.7.2005) announces herewith that, the liquidation of the aforesaid fractional rights was not realized during the above-mentioned period.

Consequently, the Board of Directors of the company, during its session of 29/07/2005 decided to liquidate the fractional rights, which derived from the share capital increase of the company through the distribution of its bonus shares, as well as to distribute the amount that will be stemmed from the aforesaid liquidation to beneficiary-shareholders.

Also, in the period from 2/8/2005 until 3/8/2005, the company ETHNIKI SECURITIES S.A. will carry out the liquidation of the fractional rights, which correspond to 151 shares of the company, of a par value of ?1.50 each through a sales transaction on the Athens Exchange.

Beneficiaries of the aforesaid amount-on a pro rata basis-are the shareholders of MEDICON HELLAS S.A. that were registered in the records of the Central Securities Depository in Athens on 30.06.2004, after the close of the trading session of the ATHEX. The payment of the above-mentioned amount to all beneficiaries will commence on 4/8/2005 and will be carried out until 31/12/2005 in the company?s registered offices in Geraka, Attica (5, Melitona Str.).

For any further enquiries about the method & place of payment of the said fractional rights, Messrs. Shareholders may contact the Shareholders? Department of the company at +210-6606129 (contact person: Mr.Georgios Trakas).