A. Panayides: Appointment of Committees for CGC

At the meeting held on July 15, 2004, the Board of Directors decided to adopt the Corporate Governance Code.

Within the framework of the CGC enforcement, the Board of Directors decided to form the following Committees and appoint the following Officers:

Appointment Committee

Chairman: Stavros Theodosiou
Members: Euripides Polycarpou, Nicolaos Mavrokordatos

Remuneration Committee

Chairman: Euripides Polycarpou
Members: Nicolaos Mavrokordatos, Demetris Kouvaros

Audit Committee

Chairman: Maria Panayidou
Members: Demetris Kouvaros, Euripides Polycarpou

Compliance Officer

Vangelis Georgiou

Liaison Officer

Charilaos Panayides