The Extraordinary General Meeting of Agrotiki Insurance S.A., which has taken place in the company's headquarters today, decided a partial modification of the investment program of the capitals originating from the Athens Stock Exchange.

According to the shareholders decision, an amount of almost 8 million euros, in addition to the 5 million euros that had been originally provisioned, will be allocated for the completion of the early retirement scheme of the employees, which is in progress. This amount corresponds to the two years salaries for almost 140 employees under retirement, without taking into consideration the additional profits for the Company, which will result from the reductions in costs relating to overtime, transportation, rent, educational programs, etc. Following the above, the Company's return on investment will be 100% in four years time.

The reduction of operational costs that will be achieved will contribute to the improvement of the Company s results in the forthcoming financial years. The partial employment of the new staff that has been foreseen will affect the Company's results only by 700.000 - 800.000 euros per year.

An amount of about 4,4 million euros will be allocated for the completion of the new building of the Company. The profit that will result from the relocation is estimated at about one million euros per year