March 7, 2005 Mr. Michael J. Maillis, the Chairman and Managing Director of M.J.Maillis Group, presented today at the Association of Greek Institutional Investors the Group's goals and prospects for 2005.

The 2004 results confirm that the Group has successfully integrated the investments and acquisitions and has entered into a new growth cycle. The main growth drivers are:

- the increase of market shares in Europe,
- the expansion in North America,and
- the penetration of new markets, like Russia, Ukraine and Turkey. In 2004, the Group?s profitability improved significantly, with profits before tax increasing at a higher rate than sales, while in the second half of the year, cash flow generation also improved, leading to a reduction in debt.

The parent company results were quite impressive, achieving record sales and a 37% growth over the previous year, with profits before tax reaching Euro 5.5 million.

The Chairman and Managing Director, Mr Maillis, reported that for 2005, the Group targets top line growth of close to 15%.