The Annual General Meeting held on June 12, 2003 at the Hilton Hotel in Nicosia, which was attended by the shareholders and their representatives that posses 64.5% of the issued share capital, approved the Directors’ report and the audited financial statements and dealt with the ordinary operations pursuant to the agenda. The Chairman of the Board of Directors, Mr. Adamos Adamides and the Vice-Chairman and Managing Directors, Mr. Varnavas Irinarhos proceeded to a review and reported the Company’s prospects for 2003.