INCREASE IN SALES BY 9.25% AND PROFITS (EBT) BY 18.9%.

Athens, May 30th 2005. M.J.MAILLIS GROUP is announcing its Consolidated Financial Results under IFRS for the 1st Quarter 2005.

Consolidated Sales of euros 93.4 mln versus euros 85.5 mln in the 1st Quarter 2004, corresponding to an increase of 9.25%.

Consolidated Earnings before Interest, Taxes and Depreciation (E.B.I.T.D.A.) of euros 16.3 mln versus euros 14.4 mln in the 1st Quarter 2004, leading to an increase of 13.5%.

Consolidated Earnings before Taxes (E.B.T.) of euros 8.2 mln versus euros 6.9 mln in the relevant period of 2004, corresponding to an increase of 18.9%

The Group achieved in the first quarter 2005 consolidated sales organic growth of 9.25% and even higher increase in profitability of 18.9%. The mother company in Greece enjoyed an increase in sales and profitability of 30.9% and 48.3% respectively.

2005 got off to a good start with machine sales ahead of plan. Consumables sales are softer than expected due to increasing prices during the last months of 2004 and therefore higher inventories.

The new North America Plastic Strapping plant is operating as scheduled. Market penetration in the US is progressing well and forecasts are very positive for the balance of the year. The Group?s efforts? in Russia, Ukraine and Turkey is well under way.

The Group's business plans are progressing as scheduled, under difficult international market conditions, and it is anticipated that 2005 guidance will be achieved.