According to article 278 of the Regulation of the Athens Exchange, the Company announces that the Annual Ordinary General Meeting was convened on May 30th, 2006 at 12.30 hours at Athens Plaza hotel, Syntagma Square and 134 shareholders attended representing a percentage of 68.13% of the share capital. The most important issues concerned the following:
1. The payment of a dividend remainder amount of Euro 0.90 per share for the fiscal year 2005. Shareholders on record on May 31st, 2006 are eligible to receive the dividend remainder. As of June 1st, 2006 the shares of the Company will be traded on the ASE ex-dividend remainder. Friday June 9th, 2006 was defined as the payment date through the BANK OF PIRAEUS S.A. This issue was approved unanimously.
2. The election of the new Board of Directors of the Company as follows: Vardis J. Vardinoyannis, John V. Vardinoyannis, Panagiotis N. Kontaxis, John N. Kosmadakis, Petros T. Tzannetakis, Demosthenes N. Vardinoyannis, Nikos Th. Vardinoyannis, George P. Alexandridis, George Th. Theodoroulakis, Despina N. Manolis (Ms), Konstantinos V. Maraveas, Antonios H. Theoharis. The latter two BoD members are non - executive independent.The organization of the BoD as a Body Corporate will take place shortly. The election of the new BoD was approved with a voting percentage of 99.56%
The issue concerning the approval of the yearly 2005 Financial Statements (Parent Company - Consolidated) along with the relevant reports of the Board of Directors and of the Chartered Auditors received a unanimous vote.
The issue concerning the discharge of the Board of Directors and of the Chartered Auditors from any liability relating to the yearly 2005 Financial Statements was approved with a voting percentage of 99.95%.
The verification of the changes in the composition of the Board during its term of service received a voting percentage of 99.56%
The election of the two Chartered Auditors for the accounting year 2006 and the approval of their fees received a 99.95% voting percentage.
The approval of the fees of the Board of Directors for the accounting year 2005 and the pre-approval of the respective fees for the accounting year 2006 received a voting percentage of 99.87%
No registry of shareholders from whom own shares were acquired was announced, since the Company did not effect any purchases in the context of the share buy back programme decided by the General Meeting of May 31st, 2005. All above voting percentages have been calculated based on the number of shares represented in the Annual General Meeting.