A. The listed company PHILIP NAKAS MUSIC HOUSE S.A. (henceforth the ?Issuing Company?) announces to the investing public that the ATHEX Board of Directors, by its relevant decision on March 2, 2006, granted a market-making license to the ATHEX Member-BETA SECURITIES S.A. in order to exercise market-making on the shares of the Issuing Company and enhance the liquidity of these shares. In addition, the ATHEX Board of Directors resolved that the market making on the shares of the aforesaid company would begin on March 8, 2006. PHILIP NAKAS MUSIC HOUSE S.A. has concluded a market making agreement with BETA SECURITIES S.A., which comprises the following basic terms and conditions: BETA SECURITIES S.A. will dispatch to the trading system of the ATHEX, viz. the OASIS trading system, market-making orders, (i.e. quotes) for its own account, on the shares of the Issuing Company, according to the provisions stipulated in the existing legislation. Also, for the aforesaid service, the Issuing Company will pay a fee to BETA SECURITIES S.A. 1. The market making agreement with the aforementioned company is for one year. In order to facilitate the market making process, in view of the possible risks the market maker is undertaking, BETA SECURITIES CO. S.A. has concluded an agreement with the principal shareholders of the aforementioned listed company, viz. a) Mr. Georgios Nakas and b) Mr. Konstantinos Nakas. This agreement provides for the obligation of the abovementioned principal shareholders to conclude repurchase agreements in the ATHEX Derivatives Exchange (ADEX).

B. Mr.Georgios Nakas announces to the investing public that the ATHEX Board of Directors, by its relevant decision on March 2, 2006, granted a market-making license to the ATHEX Member-BETA SECURITIES S.A. in order to exercise market-making on the shares of the listed company PHILIP NAKAS MUSIC HOUSE S.A. (henceforth the "Issuing Company") and enhance the liquidity of these shares. In addition, the ATHEX Board of Directors resolved that the market making on the shares of the aforesaid company would begin on March 8, 2006. In order to facilitate the market making process, in view of the possible risks the market maker is undertaking, Mr. Georgios Nakas as major shareholder of the company has concluded an agreement with BETA SECURITIES S.A., according to which he is obliged to conclude repurchase agreements in the ATHEX Derivatives Exchange (ADEX).

C. Mr.Konstantinos Nakas announces to the investing public that the ATHEX Board of Directors, by its relevant decision on March 2, 2006, granted a market-making license to the ATHEX Member-BETA SECURITIES S.A. in order to exercise market-making on the shares of the listed company PHILIP NAKAS MUSIC HOUSE S.A. (henceforth the "Issuing Company") and enhance the liquidity of these shares. In addition, the ATHEX Board of Directors resolved that the market making on the shares of the aforesaid company would begin on March 8, 2006. In order to facilitate the market making process, in view of the possible risks the market maker is undertaking, Mr. Konstantinos Nakas as major shareholder of the company has concluded an agreement with BETA SECURITIES S.A., according to which he is obliged to conclude repurchase agreements in the ATHEX Derivatives Exchange (ADEX).