We would like to inform you that the new Board of Directors of the Company that was elected by the Annual General Meeting of 19.6.03 of the Shareholders of the Company with a term of office ending at 19.6.08, was constituted into a body corporate on 19.6.03 (minutes nr. 463) and following the provisions of Law 3016/2002 the members have been appointed as executive and non-executive as follows:

GERMANOS Panagiotis PANOS, Chairman

KOUTSOLIOUTSOS Georgios DIMITRIOS, Managing Director

KARAGIANNIS Dimitrios IOANNIS, Vice Chairman

ARONIS Konstantinos GEORGIOS, independent, non-executive member

KEZOS Antonios NIKOLAOS, non-executive member

KOPOLA Ioannis EFROSINI, executive member

KOUTSOLIOUTSOS Dimitrios GEORGIOS, executive member

MANTZAVINOS Spyridon ZAHARIAS, independent, non-executive member

BETSIS Ioannis ELIAS, non-executive member

PAPPAS Panagiotis NIKOLAOS, executive member

PIZANTE Andreas VICTOR, non-executive member

TSIGOUNAKIS Apostolos IOANNIS, non-executive member

FRAGOS Georgios DIONYSIOS, non-executive member

It is clarified that Mr. Aronis and Mr. Mantzavinos were elected as independent non-executive members of the Board of Directors by the Annual General Meeting of the Shareholders of the Company on 19.6.03.