According to the Decision 5/204/00 of the Hellenic Capital Market Commission, as well as the relative decisions of current legislation, the Administrative Council of company announces the resignation (22/11/2004) of Mr Kosmas Kosmidis, from the position of member of BoD and his replacement from Mr John Meksias.

From the provisions of ar. 3, Law 3016/02 (corporate governing) BoD fixed the attributes of new member as independent and not executive. According to the Decision 19/284/03 of the Hellenic Capital Market Commission, the nomination of new member of BoD beings in the approval of General Director of the Hellenic Capital Market Commission.