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Triaina: Warrant exercise period

A. WARRANTS 2001/2004

Pursuant to the issue terms as included in the Company’s Prospectuses dated March 9, 1999 and June 25, 2002, it is reminded that the final day of warrant exercise (Warrants 2001/2004) of Triaina Investments Limited is March 31, 2004. All unexercised warrants will expire.

The exercise price of each warrant is £2.50 for the purchase of two income shares, two capital shares and a share of international investments, while the Company will allocate a bonus warrant 2004/2007

All warrant holders who wish to exercise their warrants must submit the amount of £2.50 per warrant with a cheque payable to Triaina Investments Limited (Warrants 2001/2004). The share resulting from the warrant exercise will rank pari passu and will be registered in the Central Registry. Warrants will be registered to the beneficiaries on the next working day from the warrant exercise.

Warrant holders who wish to exercise their warrants must complete and sign the Acceptance Form and submit it along with the required amount by cheque to any of the following offices on Wednesday, March 31, 2004 before noon:

Kallipolis Tower, 2 Kallipoleos & Dervenion Corner, Nicosia (basement)
Local offices of Sharelink Securities & Financial Services Limited
Limassol Municipality: IRIS Court, Office 804, G. Kennedy, 3690 Limassol
Famagusta Municipality: 17 Sotiras, Paralimni

We would like to notify all warrant holders that they should seriously consider the share’s trading price at the CSE during the time of exercising the warrants. It is noted that at the date of this announcement, the share’s price is lower than the warrant’s exercise price.

It is also clarified that pursuant to the CSE Regulations, the last trading day of Warrants 2001/2004 in the CSE is March 26, 2004.

B. WARRANTS 2004/2007

Pursuant to the issue terms as included in the Company’s Prospectuses dated March 9, 1999 and June 25, 2002, it is reminded that the first day of warrant exercise (Warrants 2004/2007) of Triaina Investments Limited is March 31, 2004.

The exercise price of each warrant is £2.50 for the purchase of two income shares, two capital shares and a share of international investments.

All warrant holders who wish to exercise their warrants must submit the amount of £2.50 per warrant with a cheque payable to Triaina Investments Limited (Warrants 2004/2007). The share resulting from the exercise of warrants will rank pari passu and will be registered in the Central Registry. Warrants will be registered to the beneficiaries on the next working day from the warrant exercise.

Warrant holders who wish to exercise their warrants must complete and sign the Acceptance Form and submit it along with the required amount by cheques to any of the following offices on Wednesday, March 31, 2004 before noon:

Kallipolis Tower, 2 Kallipoleos & Dervenion Corner, Nicosia (basement)
Local offices of Sharelink Securities & Financial Services Limited
Limassol Municipality: IRIS Court, Office 804, G. Kennedy, 3690 Limassol
Famagusta Municipality: 17 Sotiras, Paralimni

We would like to notify all warrant holders that they should seriously consider the share’s trading price at the CSE during the time of exercising the warrants. It is noted that at the date of this announcement, the share’s price is lower than the warrant’s exercise price.

It is also clarified that pursuant to the CSE Regulations, the last trading day of Warrants 2001/2004 in the CSE is March 26, 2004.
Thursday, 19 February, 2004 - 10:07