The Board of Directors of the company PLIAS S.A. informs the investing public that the Shareholders' Extraordinary General Meeting of the company, which convened on 22.12.2005, decided, inter alia, the following:
a)The increase of the par value of each share, i.e. from EUR 0.30 to EUR 0.600000062433497 with a simultaneous decrease of the total number of existing shares, i.e. from 67,271,587 to 33,635,790 common bearer shares (reverse split), in terms of: 1 new share with the replacement of 2,000000020811166 old shares.
b) The share capital decrease of the company by EUR 9,418,023.30, through the respective decrease of the par value of the share from EUR 0.600000062433497to EUR 0.32.

After the above, the share capital of the company will amount to EUR 10,763,452.80, divided into 33,635,790 common bearer shares of a par value of EUR 0.32 per share. Also, the ministerial decision which approved the modification of the relevant article of the company's Charter was registered in the Official Register of Societes Anonymes on 7.2.2006.

Moreover, the ATHEX Board of Directors, during its session of 15/02/2006, approved the introduction for trading on the ATHEX of the above 33,635,790 new shares of a par value of EUR 0.32, in replacement of the existing 67,271,587 common bearer shares.

Furthermore, the Board of Directors of the company decided that 20/02/2006 will be the last day of trading on the ATHEX of the 67,271,587 existing common bearer shares of the company. As of the next working day, i.e. 21/02/2006 and until 27/02/2006 the trading of the company's shares will cease temporarily with a view to complete their replacement, according to the information mentioned above. The trading of the 33,635,790 new shares on the ATHEX under their new par value of EUR 0.32 per share will begin on 28/02/2006. As of the same date, the opening price for the trading of the company's shares on the ATHEX will be determined according to the ATHEX Regulation.

For further information, Messrs. Shareholders may contact the company's Shareholders' Service Department at (+210-8196000, contact person: Mrs. Palestrou) or visit the web site of the company (www.plias.gr).