With reference to the press publication titled: "IASO: up to the amount of 66 million, the private hospital in the south suburbs" published in the site Euro2day at 03/7/2007, IASO S.A. informs the investors about the following:
The Company's BOD decided, in its meeting on March 2nd 2007, the signing of a memorandum of collaboration with the construction group Charagioni with regards to the construction of a new private hospital at a site owned by the same construction group, for a price of 66 million Euro, which will start being paid when the ground floor construction will begin, so as to assure that no delay or interruption of construction will occur due to archaeological findings on the site.
Nevertheless, due to the rather complex ownership of the site, the execution of the aforementioned memorandum is subject to due diligence and the verification of the ownership status of the site, alongside with the provision of satisfactory guarantees to IASO S.A. regarding the ownership status of the site. In this respect IASO S.A. exercised the right to postpone the announcement of the deal as provided by law 3340/2005. IASO S.A. will inform investors as appropriate for any material new developments regarding the aforementioned deal, when further details of the project will be finalized.
Regarding the second issue that the publication raises in relation to the capital increase of IASO of Southern Suburbs S.A., IASO S.A. would like to refer investors to its previous announcement dated February 6th 2007. IASO SA will further inform investors about its final participation in IASO of Southern Suburbs S.A., after the conclusion of the capital increase on July 5th 2007, when it will be in position to announce the final percentage of the share capital that it will hold.