The Board of Directors of the Athens Stock Exchange on its session on October 3, 2001, approved to inform the investing public about the following issues, according to the regulations of article 9 of the Presidential Decree 350/85:

The Company EMPORIKOS DESMOS S.A., the shares of which currently and since September 23, 1999 are trading ?under supervision?, has not up-to-date responded to the repeated questions posed by the ASE that refer to:

1. Announcement of the decisions of the Ordinary General Meeting of the Company's shareholders on June 30, 2001, with a particular reference the approval or not of the financial statements of the Company for the fiscal year 2000 and the exemption or not from its responsibilities of the members of the Company's previous Board of Directors.
2. Reference to the current financial status of the Company, the operation of its stores and the Company's relations with its personnel (salary payments, personnel redundancy etc).
3. Announcement of the decisions of the Extraordinary General Meeting of the Company's preferred shareholders on September 27, 2001, which was to decide for the share capital increase of the issuer Company through a rights issue of an amount of GRD 2.4 billion and the consequences of the lack of the approval of the share capital increase on the fixed assets and the financial status of the issuer Company.
4. Notification of the reasons why the company did not release and forward to the ASE its financial statements on June 30, 2001.
5. Notification of the reasons why it did not confirm or belie immediately of the rumors and press releases regarding the above, despite the request of the ASE.

This attitude consists of the non-fulfillment of its obligations, according to P.D. 350/85 and P.D. 360/85, as well as the Regulation 5/204/14.11.2001 of the Capital Market Commission.

Also, the ASE Board of Directors decided, according to the provisions of article No 10 of P.D. 350/85, the following issues:

a) to call the legal representatives of EMPORIKOS DESMOS S.A., in order to provide analytical information, regarding the above issues,

b) to claim the notification of these answers to the investment public and

c) if the company does not comply to ''b'', the ASE Board of Directors itself should notify the investment public, after the conversation with the representatives of the issuer Company, the answers on the above issues.