The Repeated General Shareholders Meeting was held on July 19, 2005 in our premises in Metamorfossi with the participation of 59,23% of the shareholders and decided the following:

1. The company?s Share-capital decrease with the capitalization of losses amounting to eyuros 29.628.715,94 by simultaneously decreasing the shares nominal value per share by euros 0,58.

2. The company?s Share capital increase from revaluation of fixed assets reserves for euros 1.532.519,79 by simultaneously increasing the shares nominal value per share by euros 0,03. Accordingly the Share capital amounts today to euros 94.505.387,05 divided to 51.083.993 of shares of euros 1,85 nominal value per share.

3. The Alteration of the clause 5 of the Articles of Association in order to make the necessary share capital rounding in proportion of shares nominal value decrease and increase.