TH.P.A. S.A. announces that, on this day, the 31/8/2006, at the company's central administration building and in the presence of the Minister of Mercantile Marine, Mr. Manolis K. Kefalogiannis, and the Secretary General of Ports and Ports' Policy, Mr. G. Vlachos, an economic contract was signed between TH.P.A. S.A. and the European Investment Bank (E.I.B.), concerning the financing of the 6th pier's extension project. The financing of the project is incorporated in the total of projects that are comprised in the Financing Protocol the Minister, Mr. M. Kefalogianis, signed with the European Investment Bank (E.I.B.), on particularly favorable terms, for the materialization of projects throughout the wide range of port activities. The project's budget, together with the budget of the necessary electromechanical equipment, amounts to 100 million Euros, while it is estimated, that, upon its completion, TH.P.A. S.A. will be given the possibility to significantly increase its container service capacity. The infrastructure construction works are expected to commence in 2007, while the extension works are expected to be completed by the end of the year 2011. The complete container terminal extension plan comprises: The extension of the length and width of Wharf No 26 by 500m and 300m correspondingly, its Fill Embankment, Covering and Deepening, the equipment consisting of 4 Gantry Cranes, Container control equipment, Substations, - Lighting masts-networks, Container - Refrigerated Cargo Infrastructure and Workshops, as well as the necessary equipment for the operation of the terminal. The financing covers 50% of the project's budget, while the remaining 50% shall be covered by the equity of TH.P.A. S.A. More particularly, the total of the financing amounts to 50 million Euros, with a reimbursement term of 20 years and a grace period of 5 years. From the date of execution of the contract and for a period of 3 years, the E.I.B. shall have the above amount credited and available to TH.P.A. S.A. The selection of the interest rate, fixed, Euribor variable or reviewable Bank interest rate, will be made by TH.P.A. S.A. upon each loan part disbursement separately, based on the rates that will be in force on the date of the disbursement. The loan will be reimbursed on a six-month or on an annual basis, and the interests will be paid every trimester. Additionally, it shall be noted that, on the 1/8/2006, TH.P.A. S.A. and the Joint Venture with registered name "TECHNICAL COMPANY CHRISTOPHOROS D. KONSTANTINIDIS S.A. - EDRASI C. PSALIDAS S.A. - ATHINA S.A. - THEMELIODOMI S.A." and trade name "TH.P.A. 6TH PIER JOINT VENTURE"signed the 1st supplementary contract of the extension project, the contract price of which amounts to euro 7,049,861.88.