"ALFA-BETA" VASSILOPOULOS S.A. announces that it modified the grouping of some accounts in the lines of the Consolidated Financial Figures in the second quarter of the fiscal year 2005, so as to comply with the policy of the Group in the frame of IFRS application. After this modification certain differences arose in the published condensed Financial Figures of both the Company and the Group in the first quarter of the fiscal year 2005 and in the corresponding comparable period of 2004.

Specifically:
1) The sales of auxiliary and other / waste material as well as the income from suppliers through for providing services, in the first quarter of the fiscal years 2005 and 2004, are accounted for in "Turnover". On the contrary, in the published condensed Financial Figures of the second quarter of the fiscal year 2005 and in these of the corresponding period of the fiscal year 2004, Turnover includes exclusively the sales of tradable goods. Consequently, the corresponding comparable figures of the first quarter 2005 are modified as follows:
a) The Company
Turnover 31/03/2005: 210.349 thousand EUR instead of 223.816 thousand EUR in the published financial statements.
Turnover 31/03/2004: 184.291 thousand EUR instead of 195.820 thousand EUR in the published financial statements.
b) The Group
Turnover 31/03/2005: 215.246 thousand EUR instead of 228.908 thousand EUR in the published financial statements.
Turnover 31/03/2004: 207.167 thousand EUR instead of 219.854 thousand EUR in the published financial statements.

2) Amounts related to income from suppliers for providing services were erroneously recorded in the Gross Profit. In the published financial statements of the second quarter of 2005 and of the corresponding period of the fiscal year 2004, this error has been corrected. The comparable figures are as follows:
a) The Company
Gross Profit/(Losses) 31/03/2005: 42.081 thousand EUR instead of 55.548 thousand EUR in the published financial statements.
Gross Profit/(Losses) 31/03/2004: 26.554 thousand EUR instead of 37.888 thousand EUR in the published financial statements.
b) The Group
Gross Profit/(Losses) 31/03/2005: 43.730 thousand EUR instead of 57.391 thousand EUR in the published financial statements.
Gross Profit/(Losses) 31/03/2004: 39.014 thousand EUR instead of 51.482 thousand EUR in the published financial statements.

3) In the account "Profit / (Loss) before tax, financial, investing activities and depreciation and amortization" of the Company as at 31.03.2004, an amount of (475) thousand EUR (expense) related to financial activities was included in error and thus instead of the published amount of 3.004 thousand EUR the correct amount that should have been 3.479 thousand EUR.

4) In the Financial Figures of the Company, the Gain/ (loss) on the disposal of fixed assets amounting to (22) thousand EUR (loss) in 2005 and (48) thousand EUR (loss) in 2004, had not been included in the account "Profit / (Loss) before tax, financial, investing activities and depreciation and amortization". On the contrary, in the consolidated figures as well as in the published financial figures of the second quarter of 2005, these amounts were stated correctly as part of the operational profit.

It is noted that the aforementioned amendments have no impact to the account "Profit/ (loss) before taxes". The restated "Figures and Information" as well as the "Interim Financial Statements" of the period 01/01 - 31/03/2005, will be available on the Company's web-site www.ab.gr on March 14, 2006.