The ATHEX BoD on its session on 30.1.2003 decided, according to Regulation no 64 of the ATHEX BoD, to classify as of 31.1.2003 the shares of the company CONNECTION S.A. to '' under supervision'' status, taking into account the recent developments regarding its smooth operations, as stated in a letter that the company forwarded today to the ATHEX.

Specifically, the listed company through an announcement it released today, it presented, in detail, the recent actions as regards its negotiations with the credit Banks as far as the restructure of its bank loans and the new financing is concerned. According to the same announcement, no agreement with the Banks has been yet concluded and the negotiations are in a crucial point. At the same time, the credit Banks proceeded to the temporary halt of the credit facilities to the company from the existing margins. As a result, the company faces liquidity problems and increased risks to loose and other co-operation contracts with international companies. In case that no agreement is achieved with the credit Banks, the company will be in very difficult position, as the finding of the necessary capital from other sources is considered by the company extremely difficult for the time being. For more information regarding the announcement of the company, visit the ATHEX web site www.ase.gr.