The M.J. MAILLIS Group financial results for 2005 and the goals and prospects for 2006-2007 were presented to the Association of Members of the Athens Stock Exchange by the Group CFO and General Director of Support Functions, Mr Ch. Stavrinoudakis and the Group Treasury & Investor Relations Director, Mrs A. Konida. In 2005 the Group generates organic growth of 6% with consolidated sales reaching 360 million, despite the unprecedented fluctuations in supply and demand as well as prices for steel with the well known adverse consequences on the steel industry, and achieves its target form improving cash flow with a corresponding reduction in net debt of 7 million. Organic growth and improvement of cash flow remain the key strategic priorities of the Group for the next 2 years, 2006-2007, with the North American market expected to have a leading contribution, especially after the completion of the investment in the 1st half of 2006. In parallel, the Group is currently evaluating potential joint venture projects for the Turkish and Middle East markets. Mr Stavrinoudakis also mentioned that the Group will continue the restructuring and rationalization efforts, which are necessary under the current environment of intense competition. At the same time, the Group will also proceed with investments in the production of packaging materials that currently run at close-to-capacity levels, so that beginning 2007 it will be in a position to meet the anticipated increase in sales, which, on a consolidated level, are expected to significantly exceed the 400 mln mark.

For more information, please contact our Group' s Investor Relations Department (Mrs. Alexandra Konida, Group Treasury & Investor Relations Director, tel. 210-6285000 or e-mail alexandra.konida@maillis.gr)