Athens, May 19th, 2005. The M.J. MAILLIS Group financial results for 2004 and the goals and prospects for 2005 were presented to the Association of Members of the Athens Stock Exchange by the Group CFO and General Director of Support Functions, Mr Ch. Stavrinoudakis and the Group Treasury & Investor Relations Director, Mrs A. Konida.

2004 was an important year, as the Group completes the successful integration of the acquisitions and achieves the strategic target of 15% organic growth with consolidated sales reaching euros 341.1 mln. Profits increased at a higher rate than sales, while in the second half of the year, cash flow generation improved leading to a euros 7 mln reduction in net debt.

With respect to the financial performance of the Parent Company, M.J. Maillis S.A., 2004 was a record year with sales of euros 130.0 mln vs euros 94.9 mln in 2003, posting a 37% increase, and EBITDA of euros 22.5 mln vs euros 16,0 mln in 2003, up 41%.

Referring to the Group?s prospects for 2005-2006, Mr Stavrinoudakis noted that the existing platform creates the conditions required for further growth with the main drivers being the strengthening of the Group's market shares in Europe, the expansion in North America and the penetration of new markets like Turkey, Russia and Ukraine.

For more information, please contact our Group' s Investor Relations Department (Mrs. Alexandra Konida, Group Treasury & Investor Relations Director, tel. 210-6285202 or e-mail alexandra.konida@maillis.gr)