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SFS: Reminder for conversion of SFSD bonds

Subject: Convertible bonds 1999/2004 of SFS Group Public Company Limited

With reference to the above issue and pursuant to the issue terms of the Company’s Prospectus dated June 29, 1999, we wish to remind you that all holders of Convertible Bonds 1999/2004 who wish to convert their bonds into ordinary shares of nominal value 0.10 cents each must fill in, sign and submit the relevant form at the Company’s registered office, 6 Theotoki, Ellinas Court, Nicosia from December 16, 2004 to December 20, 2004 until 13.00.

The number of shares that each bond holder is entitled to following the conversion of bonds into shares equals to the amount of capital of the bonds that will be converted into shares, divided to the nominal value of the share, which is 0.10 cents.

The new shares resulting from the conversion of bonds will rank pari passu with the shares and will be able to participate in the dividend or other benefits, given that the dividends or benefits will concern the period after January 1, 2005.
Thursday, 16 December, 2004 - 09:45