In reply to the letter of the ATHEX, dated 2.8.2005, with regard to the return of part of the capital raised from the company's public offer, GEKE S.A. , informs the investing public about the following:

The company, after taking into consideration the relevant document of the Hellenic Ministry of Development, according to which the above-mentioned return is not permissible, decided to call a General Meeting of its Shareholders in order to resolve on the revocation of the pertinent Shareholders' GM resolution of 24.06.2005, which had approved to return to shareholders part of the capital raised from the 2000 IPO, amounting euro 8,839,687.50, i.e. euro 1.05 per share, decreasing respectively the amount arising from a Share Premium Account. The company decided to revoke the said decision, as the distribution of the aforementioned amount contradicts the provisions stipulated in Article 14, L.2190/1920 (re: societes anonymes, as the difference arising from the issue of shares above par will not be used for dividends' or percentages payment). The company will inform investors about the new date of its Shareholders' General Meeting through its relevant announcement.