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PO of Nasos Ktorides to Quantum is successful

With reference to the Public Offer document submitted to the shareholders of Quantum Corporation Limited on March 10, 2005 for the acquisition of up to 100% of its share capital, the Board of Directors of Nasos Ktorides Holdings Limited announces that the percentage of shares acquired until March 18, 2005 has reached 93.84%.

Since Nasos Ktorides Holdings Limited holds more than 90% (35,997 shares) of the share capital of Quantum Corporation Limited (other shares than those held at the date of the Public Offer from Nasos Ktorides Holdings Limited or a trustee of Nasos Ktorides Holdings Limited or a subsidiary pursuant to the provisions of articles 201(1) of the Companies’ Law, Chapter 113), the Public Offer is successful.

For the shareholders of Quantum who wish to accept the Public Offer, the period of acceptance will be effective until April 18, 2005 at 1.30 pm.

The final percentage will be announced to the CSE 2 days after the expiry of the period of acceptance and will be published in two national newspapers the day after the release of the announcement.
Monday, 21 March, 2005 - 09:45