Mr. Michael J. Maillis, the Chairman and Managing Director of M.J.MAILLIS Group, Mr John Kourouglos, Group COO and Mr Charalampos Stavrinoudakis, Group CFO, presented today at the Association of Greek Institutional Investors the Group's results for 2005 and the goals and prospects for 2006-2007. The years 2004 and 2005 were characterised by unprecedented fluctuations in the supply and demand for steel, mainly due to China, as well as plastics raw material. The shortages, the price hikes and the overstocking of 2004 were followed by a sharp downward correction in demand, destocking and price decline with the well-known adverse consequences in the profit margins of the steel related industries. In the first months of 2006 supply and demand for steel and plastics is normalising and so are prices, setting the stage for improved market conditions and quite optimistic prospects for the Group going forward. The growth of the US operations is expected to have a significant contribution, especially after the completion of the investment in the first half of 2006.

The major priorities of the Group for the years 2006 -2007 are:
- further significant improvement in cash flow and reduction of debt
- organic growth
- investments in the fast growing segments of plastic packaging materials (PET strap, film)
- the finalisation of restructuring and rationalisation projects aiming at improving the Group's cost base

For more information, please contact our Group' s Investor Relations Department (Mrs. Alexandra Konida, Group Treasury & Investor Relations Director, tel. 210-6285000 or e-mail: alexandra.konida@maillis.gr)