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Panayides: Annual Report posted

We wish to inform you that:

1. The Annual General Meeting for the year 2004 will take place on Friday, June 10, 2005 at 13:00 hrs at the Hilton Park Hotel.
2. The Annual Report for the year 2004 and the invitations for the Annual General Meeting have been posted to the registered shareholders on Thursday, April 28, 2005.
Wednesday, 4 May, 2005 - 10:13