MEDICON HELLAS S.A

Liquidation & Payment of fractional rights

Medicon Hellas S.A. announces herewith that the fractional rights, which derived from the share capital increase of the company through the distribution of bonus shares, according to the Ordinary Shareholders' General Meeting Resolution of 30.6.2004, were liquidated and the amount of the said liquidation will be paid to beneficiary shareholders from 4/8/2005 and until 31/12/2005 in two alternative ways:

1. Directly to beneficiary shareholders from the registered offices of the company in Gerakas-Attica (5, Melitona Str.).
2. Through a credit to the shareholder's account throughout the above-mentioned period.

For further information, Messrs. Shareholders are kindly requested to contact, during business days & hours, the company's Shareholders' Department at +210-66.06.129 (contact person: Mr.Georgios Trakas). It is noted that after the lapse of 31/12/2005, shareholders may contact the company as to the way he/she will receive the amount that corresponds to his/her fractional rights.