(Article 8 of the Regulation No. 5/204/14.11.2000 of the BoD of CMC)

A. DATA OF PERSON UNDER OBLIGATION: Legal Person: DIXONS OVERSEAS INVESTMENTS LIMITED. Relation of the person with the Company: Shareholder with 25,6429% holding in the company share capital.

B. DATA OF COMPANY/SHAREHOLDERS: Company Name: P. KOTSOVOLOS S.A. Category of shares: Common Registered.

C. DATA OF TRADING: Kind of trading (purchase/sale): Purchase. Intended volume of trading (No of shares): 15.890.510. Period of trading: From 12.07.2004 to 08.10.2004. Member of ASE through which the trading will be realized: KAPPA SECURITIES SA.

Remarks/Clarifications:

The 74,357% will be purchased through a Block Trade, a Tender Offer and purchases in the open market. Fourlis Holding SA will maintain a 20% holding in P.Kotsovolos SA on the basis of the Agreement.