Press Release of the ATHEX Board of Directors

Athens, 29 September 2005

The ATHEX BoD on its session today approved the listing of the:

  • 4,228,650 new common and 356,580 new preferred registered shares of EGNATIA BANK, following the conversion of equal number of bonds. The trading of the new shares will start on 4 October 2005.
  • 8,130,000 new common registered shares, in replacement of the 24,390,000 existing registered shares of PROMOTA HELLAS S.A., following the reverse split, and simultaneous increase of the par value of each share from euro 0.31 to euro 0.93. The suspension of trading of the 24,390,000 existing common registered shares of the company will take place on 5 October 2005 and the start of trading of the 8,130,000 new common registered shares will take place on 12 October 2005.
  • 3,224,000 new common registered shares of par value euro 2.69 each, of the company THE GREEK PROGRESS FUND, which were offered as bonus shares to the old shareholders, in terms of 1 new common registered share for every 10 old common registered shares held. The trading of the 3,224,000 new bonus shares will start on 30 September 2005.
  • 32,240,000 preference rights on the shares of the company THE GREEK PROGRESS FUND, following the share capital increase through a rights issue in favor of the existing shareholders in terns of 14 new common registered shares for every 10 old registered shares held, at issue price euro 2.88 euros and par value euro 2.69 each. The period for the exercise of the preference right is from 30/9/2005 until 14/10/2005. Expiration date of trading of the rights on the ATHEX Electronic trading System is the end of the trading session on 10 October 2005.
  • 2,237,345 new common bearer shares of HIPPOTOUR S.A., that were offered as bonus shares to the old shareholders in terms of 1 new common bearer share for every 7 old common bearer shares held Eligible to receive the new bonus shares are the shareholders of record on 4 October 2005. The start date of trading of the 2,237,345 new common bearer shares is 12 October 2005.

Also, the ATHEX BoD , during its session today, decided the classification of the shares of the company DELTA ICE CREAM S.A. into Market B' (Low Liquidity), as of 30/9/2005, taking into account, after the elapse of the defined period, that the free float is 3.47%

The ATHEX BoD, during its session, was also informed on:

  • Reduction of the share capital of HELLENIC EXCHANGES HOLDINGS S.A. through the cancellation and erasure of 857,710 own common registered shares. The last date of trading of the shares is 30 September 2005.
  • Reduction of the par value of the share of the company THE GREEK PROGRESS FUND from euro 2.93 to euro 2.69
  • Reduction of the par value of the share of the company HIPPOTOUR S.A. from euro 0.56 to euro 0.50
  • Reduction of the par value of the share of the company ALLATINI IND & COM. CO S.A. from euro 2.13 to euro 1.60 and proportional refund of euro 0.53 per share to the shareholders of the company in cash. Eligible are the shareholders of record at the end of the trading session on 4 October 2005.
  • Prospectus of COSMOTE, concerning the acquisition of the companies COSMO BULGARIA MOBILE EAD (GLOBUL) and OTE MTS HOLDING BV.
  • Prospectus of SPACE HELLAS A.E. concerning the merger through absorption of its 100% subsidiary company SPACE NET TELECOMMUNICATIONS SERVICES S.A.
  • Prospectus of SOLVENCY ΔΙΕΘΝΗΣ ΣΥΜΜΕΤΟΧΩΝ Α.Ε. concerning the acquisition of the 7% of the non-listed company CLUB HOTEL CASINO LOUTRAKI S.A. and change of activity
  • Continuation of the market making process on the shares of the companies:
  • MOCHLOS S.A. by ARTION SECURITIES, ATHEX Member.
  • COMPUCON S.A. by OMEGA BANK, ATHEX Member.
  • SATO S.A. by ΒΕΤΑ SECURITIES, ATHEX Member.