The Board of Directors of MICANIKI S.A. informs its investors and company shareholders that it proceeds in the correction of accounts of the cash flow statement of the interim financial statements for the period 01/01-31/03/2006, in addition to the re-disclosure of the interim financial statements for the period 01/01-31/03/2006. This correction regards two accounts of the Group's and the company's operating activities within the period 01/01-31/03/2006, without changing the account "Total inflows/(outflows) from operating activities (a)", as analyzed below:
a) Correction of Company accounts, amounts in euro thousand:
Depreciation/(Depreciation of grants): From 811, to 725. Change (86).
Decrease/(increase) of receivables: From (9.424), to (9.338). Change 86.
b) Correction of Group accounts, amounts in euro thousand:
Depreciation/(Depreciation of grants): From 1.595, to 1.509. Change (86).
Decrease/(increase) of receivables: From 815, to 901. Change 86.

The above change amounting to euro 86 thousand refers to the depreciated value of the company's sold assets which was inadvertently recorded to the account "Depreciation/(Depreciation of grants)" instead of the account "Decrease/(increase) of receivables". The re-disclosed interim financial statements of the period 01/01-31/03/2006, which were re-approved by the company's Board of Directors at June 20th 2006, are placed upon the company's website www.michaniki.gr.