Following the letters dated 21.06.2006 of the CMC & ATHEX and according to the article 2 of the decision 5/204/2000 and the ATHEX's regulation articles 281 & 285, our response is as follow:
A) The Company is in an initial stage of examining the possibility to list in the stock exchange (IPO) its subsidiaries in Bulgaria and Turkey, but no decision has been taken yet. Consequently, no decision has been taken concerning the timing of a possible listing, nor a decision for the stock exchange that will possibly list the shares of the aforementioned companies.
B) Concerning the reference of the press report to the amount of capital that we intend to raise from a possible listing of our subsidiaries, the Company answers that it has never made a reference to the amount of capital that it intends to raise and thus it denies the amount of the press release. Whenever and if there will be any developments regarding the above mentioned issues, our Company will proceed to relative announcements towards the regulatory authorities and the investment public, as the existing legislation dictates.