LAMBRAKIS PRESS SA announces that the Annual Ordinary General Meeting of the Company's Shareholders held on June 30, 2005 resolved to:

1) Increase the Company's share capital by 111,894,177.13 euros through the partial capitalization of reserve account "Difference from the issue of shares above par". The share capital increase will be effected through:
a) increasing the nominal value of the existing shares from 0.60 euros per share to 1.89245996542169 euros per share,
b) issuing 7,700,000 new bonus shares, each having 1.89245996542169 euros nominal value, that will be distributed free of payment to the Company's shareholders at the ratio of 1.02257636122178 new bonus common registered shares per ten (10) existing common registered shares and

2) Decrease the Company's share capital by 111,424,177.13 euros through the decrease of the nominal value of each share from 1.89245996542169 euros to 0.55 euros per share in order to:
a) write off previous years' losses amounting to 103,124,177.13 euros and
b) return capital amounting to 8,300,000 euros to the Company's shareholders through the disbursement of 0.10 euros per share.

After the above corporate actions the Company's capital amounts to 45,650,000 euros, divided into 83,000,000 common shares, each having 0.55 euros nominal value.

The Ministry of Development approved the amendment of the related Articles of Association of the Company in its resolution no. Κ2-9224/15-7-2005.
The Board of Directors of the Athens Stock Exchange in its meeting of August 4, 2005 approved the listing of the 7,700,000 new common registered shares, each having 1.89245996542169 euros nominal value, that will be distributed free of payment (bonus) to the shareholders of the Company at the ratio of 1.02257636122178 new shares per 10 existing and was duly informed on the increase and decrease of the nominal value of the Company's shares.

Following the above, it is resolved that:
- Beneficiaries entitled to the share capital increase through bonus shares will be the holders of the Company's shares at the closing of the Athens Stock Exchange trading session of August 9, 2005.
- Beneficiaries entitled to receive the return of capital of 0.10 euros per share will be the holders of the Company's shares at the closing of the Athens Stock Exchange trading session of August 9, 2005 after the credit of their Dematerialized Securities System accounts (SAT accounts) with the bonus shares, i.e. the new 7,700,000 bonus shares are entitled to receive the share capital increase of 0.10 euros per share.
- As of August 10, 2005 the Company's shares will be traded on the Athens Stock Exchange having their new nominal value of 0.55 euros per share without the pre-emptive right to the bonus shares and the return of capital. At of the same date the starting price of the Company's shares will be adjusted according to the regulations of Resolution No. 37/8-7-2004 of the Board of Directors of the Athens Stock Exchange.
- The trading on the Athens Stock Exchange of the 7,700,000 new common shares will commence on August 18, 2005. These shares will have been credited to the Dematerialized Securities System accounts (SAT accounts) of the beneficiaries.

The date and method of the disbursement of the above return of capital to the shareholders will be determined in a further Company announcement.
In the same way, the Company will announce the details concerning the cash disbursement to the shareholders of the decimal segments of the above bonus shares. The decimal segments will be liquidated by the Company through the Athens Stock Exchange.

The shareholders may request further information or details from the Investor Relations department of the Company during working days and office hours at 80, Michalakopoulou street, GR11528 Athens (tel.: +30-211-3659483, +30-211-3659484, fax: +30-211-3659481)