The ASE announces that the procedure that the companies which provide investment services registered in European Union member countries must follow, in order to be qualified as ?remote member?, was presented, by the ASE, at a meeting, held in London on March 27, 2001, with the participation of large investment firms.

At the meeting, the Vice-President of the ASE, Mrs. Lito Ioannidou, and executives of the ASE, set forth the details concerning the procedure of clearance of trading to which the prospective remote members will be involved, as well as the requirements and the related technical issues . The certification procedure of the ?European Passport?, which is necessary for a Financial Services Company to become a ?remote member? of the ASE, as provided for by a EU directive, was also described. It was also underlined that the fundamental principle that will govern its activity as a remote member is that of equal treatment with the existing members.

At the meeting, there was reference to the prospects of development of the Greek Stock Market and the investment interest it presents, as well as the operation structure of the ASE.

It is noted that the presentation took place in the frame of the EU directive regarding the reciprocity of ?provision of financial services?, which is necessary for the achievement of the full harmonization of the Greek legislation with the European one, given that most member-countries have already proceeded to regulations that allow the members of the ASE to be able to become remote members of the markets of other member countries.

The following executives of the ASE participated in the presentation: Mr. A. Korovessis, Head of International Sales Department, Mr. Costas Karanassios, Head of Systems Management and Operation of ASYK S.A., Mrs Zoi Giotaki, solicitor of the ASE and Mrs Natassa Stamou, solicitor of the ASE.