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Listed Companies' Press Releases
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09/05/2006
COSMOTE- MOBILE TELECOMMUNICATIONS S.A
NEOCHIMIKI SA
GERMANOS IND. & COM. CO S.A.
ARCADIA METAL IND. C. ROKAS S.A.
KNITWEAR FACTORY MAXIM C.M. PERTSINIDIS
ALPHA ΒΑΝΚ S.A.
GR. SARANTIS
PUBLIC POWER CORPORATION SA
HELLENIC PETROLEUM S.A.
FRIGOGLASS S.A.
INTRALOT S.A.
COSMOTE- MOBILE TELECOMMUNICATIONS S.A
INTRACOM S.A.
EFG EUROBANK ERGASIAS SA.
ARCADIA METAL IND. C. ROKAS S.A.
HELLENIC EXCHANGES HOLDINGS S.A.
COSMOTE- MOBILE TELECOMMUNICATIONS S.A : Announcement

COSMOTE MOBILE TELECOMMUNICATIONS S.A. signed today an agreement with Mr. Panos Germanos, founder and major shareholder of Germanos S.A., and other shareholders to acquire 42% of the outstanding shares of Germanos S.A., at 19 Euro per share, subject to receiving the necessary approvals by the relevant regulatory authorities. Following this acquisition, COSMOTE intends to launch a public tender offer for the remaining shares of Germanos S.A. at the same price, in accordance with applicable Greek legislation. The particular terms of the offer will be announced prior to its launch which is not expected to take place before the end of August 2006.

The acquisition of Germanos S.A., one of the most successful brands and telecommunications retailers in Europe is of major strategic importance to COSMOTE, adding, in one go, the most efficient retail networks in four out of the five countries it operates in and capturing an increasing stake of COSMOTE's operations' value chain. With Germanos' total network of 537 retail outlets in Greece, Bulgaria, Romania and FYROM, COSMOTE will expand its retail presence and further grow its business. Directly addressin g its customers, COSMOTE will now be able to promote its commercial strategies through Germanos' successful presence and established brand. In addition to the potential for faster turnover growth, COSMOTE will enjoy increased profitability in the mobile services through concrete financial savings and synergies and reduced operational and market risks.

As part of the transaction, Mr. Germanos has agreed to offer to acquire certain assets from Germanos S.A. which will not be core to the future of the Company, thus releasing value and enabling management to focus exclusively on core business. These assets are the batteries industrial production, including the subsidiaries in Germany, Serbia and the relevant activities in Bulgaria and Romania, and the operations in Poland, Ukraine and Cyprus, except the participation in OTENET Cyprus, where COSMOTE has no presence. The successful Germanos management will continue to be part of the business, adding their expertise across COSMOTE Group. In this context, Mr. Panos Germanos will remain Chairman of Germanos S.A., and, following the public tender offer, will reinvest in Germanos S.A. 10% of the total COSMOTE participation, while Mr. John Karayiannis will remain the CEO of Germanos S.A.

The full gross equity value of the transaction will reach up to 1.58 billion Euro, while the net cost, following the disposals and the reinvestment of Mr. Panos Germanos, will be approximately 1.3 billion Euro. It is estimated that following the sale of Germanos' holdings in Uzbekistan and in Hellenic Duty Free Shops, the company has a net cash position of approximately 100 million Euros. The transaction will be entirely financed by debt.

COSMOTE is confident that the acquisition will offer significant growth opportunities in all countries of common operations and generate increasing returns. Through COSMOTE's pronounced presence, higher profitability per subscriber, consolidation as well as other synergies and savings, the acquisition is expected to be accretive for COSMOTE from the first full year of consolidation, without affecting its dividend policy.

JP Morgan is acting as financial advisor to COSMOTE on this transaction.

COSMOTE's Chief Executive Officer Mr. Evangelos Martigopoulos commented: "The top mobile operator in S.E. Europe is now joining forces with the best mobile services retail distribution network in the region. This transaction fulfils our investment criteria and is consistent with our strategic priorities, capturing an increasingly important element of the mobile services value chain. With the conclusion of the transaction, following regulatory approvals, COSMOTE will further strengthen its presence througho ut South East Europe by addressing directly a much larger consumer base and servicing its customers even more efficiently. We are confident that investing in an established and effective commercial network with strong brand and extensive presence in four markets where COSMOTE operates, will bring us closer to our customers, while further enhancing COSMOTE's growth dynamics and outlook, increasing turnover and generating considerable financial and operational economies and accrue significant value for all o ur shareholders."

Mr. Panagis Vourloumis, Chairman of the Board of Directors of COSMOTE and Chairman and CEO of OTE expressed his satisfaction with the successful conclusion of the negotiations and underlined the significance of the agreement for the entire Group.

NEOCHIMIKI SA : Acquisition of Atlantic Polymers Polska Sp. z o.o.

The Company NEOCHIMIKI L.V. LAVRENTIADIS S.A. announces the acquisition of the company with the corporate name Atlantic Polymers Polska Sp. z o.o. for the price of 18.000 euro. The core activity of the company is the distribution of chemical products. The company's direct aim is to increase its share capital to euro 1 mil., in order to finance its strategic aims and increase its sales.
The headquarters of the new company are in Lodz, Poland.
The share capital of the company amounts to 50,000 PLN, divided into 100 shares.
The sole shareholder of the company is the subsidiary of NEOCHIMIKI L.V. LAVRENTIADIS, NEOCHIMIKI LAVRENTIADIS LIMITED.

GERMANOS IND. & COM. CO S.A. : Announcement of agreement between P. Germanos and COSMOTE S.A.

Athens, 9 May 2006. The Board of Directors of GERMANOS S.A. following its latest announcement of Friday 5th May 2006 regarding the exclusive negotiations of the main shareholder of the Company with the mobile telephony operator COSMOTE S.A.- announces that it was informed by the main shareholder and founder of the Company Mr. Panos Germanos that COSMOTE S.A. agreed to acquire 42% of the outstanding shares of Germanos S.A. (Mr. Panos Germanos and other shareholders) at 19 Euro per share. The agreement is subject to receiving the necessary approvals by the relevant regulatory authorities.

GERMANOS Group of Companies is active in 7 countries successfully (Greece, Poland, Romania, Bulgaria, Ukraine, Cyprus, FYROM), via its Chain of 950 Stores, selling Technology Products and Services. For the year 2005, consolidated sales exceeded one billion, amounting to euro 1,025 million, while net earnings amounted to approximately euro 63.1 million.

According to the briefing of Mr. P. Germanos to the Board of Directors of GERMANOS S.A., COSMOTE S.A. -after it acquires 42% of the outstanding shares of Germanos S.A.- intends to launch a public tender offer for the remaining shares of Germanos S.A. . Mr. Panos Germanos will remain Chairman of Germanos S.A., and following the public tender offer, he will reinvest in Germanos S.A. 10%, while at the same time he will acquire GERMANOS Group business activities in the industrial sector SUNLIGHT (in all countries it operates), as well as the business activities in the markets of Poland, Ukraine and Cyprus.

ARCADIA METAL IND. C. ROKAS S.A. : Announcement
The Company would like to announce, pursuant to par. 5, article 1 of Presidential Decree No. 82/1996, its intention to participate either independently or as a member of a Joint Venture in the procedures for undertaking Government projects and procurements that are subject to article 8 of Law No. 3310/2005, as amended and supplemented by Law No. 3414/2005, and Presidential Decree No. 82/1996 as it is in force. More specifically, the company intends to participate in tender with Invitation No. ΔΑΥΕ/ΙΚΗ-1 is sued by the PUBLIC POWER CORPORATION S.A. for the project entitled "IKARIA HYBRID POWER PROJECT: CONSTRUCTION OF POWER STATIONS, A PUMPING STATION, WATER TANKS AND SIMILAR ENGINEERING WORKS. DESIGN, MANUFACTURE, ASSEMBLY, ERECTION, TESTING AND COMMISSIONING OF INLET PIPES, WIND GENERATION TURBINES, WATER TURBINES, POWER GENERATORS, PUMPS, MOTORS AND SIMILAR ELECTROMECHANICAL (E/M) EQUIPMENT". The tender will be held on 24 May 2006. The budged cost of the said tender is set to EURO 20,000,000, excluding VAT excluded. It is also announced by the Company that its Societes Anonymes - Shareholders which, according to the above provisions of article 8 of Law 3310/2005 in combination with Article 1 of PD 82/96, ought to register their shares, are required to provide the information stipulated in the above provisions so as to confirm compliance with the said provisions with regard to the registration of their shares. Finally, also announced are the penalties provided for in article 2, paragraphs 2 and 3 of Presidential Decree No. 82/96 which include the deprivation (a) of the rights to attend and vote in the General Assembly of our Company, and (b) of all property rights that arise from their status as shareholders until they fully comply with their above obligations.

KNITWEAR FACTORY MAXIM C.M. PERTSINIDIS : Resolutions General Meeting
On 08/05/2006, the B' Repetitive Extraordinary General Meeting of the company's shareholders was held, with the unique agenda issue: the Bond contract of the company by Emporiki Bank S.A through the issue of bonds up to the amount of (5.000.000,00) five million euro, without having the right to convert the bonds into shares. In the General Meeting participated 3 shareholders who represented 6.517.350 shares of the company, at the percentage of 43.40% of the total shares. The General Meeting, having achieved quorum over 1/3 of the paid share capital during the second repetitive General Meeting, approved unanimously the bond contract of the company by Emporiki Bank S.A or other Bank through the issue of bonds up to the amount of (5.000.000,00) five million Euro, without having the right to convert the bonds into shares and gave the order and authorization to the company's Board of Directors to proceed to the proper actions - procedures regarding the above-mentioned issue.

ALPHA ΒΑΝΚ S.A. : Information document (Art. 4 Law 3401/2005)

Alpha Bank A.E. announces that, following the resolution of the Ordinary General Meeting of Shareholders on April 18, 2006, the Ministry of Development has consequently approved the increase of Bank's share capital by the amount of Euro 133,953,662.80, via a decrease of the nominal value of each share from Euro 5.00 to Euro 3.90 and the capitalization of taxed profits from previous years, resulting in the issue of 116,481,444 new bonus shares, at a ratio of 4 new to 10 old shares.

Following the above corporate action, the purpose of which is the enhancement of the liquidity of the Bank's shares, the new share capital of the Bank will amount to Euro 1,589,971,702.80, divided into 407,685,052 shares of nominal value Euro 3.90 each. The Board of Directors of Alpha Bank, in its meeting on May 4, 2006, certified the full payment of the amount of the increase of Bank's share capital by the amount of Euro 133,953,662.80, in accordance with the resolution of the Ordinary General Meeting of Shareholders on April 18, 2006. On May 3, 2006, the Ministry of Development approved (decision no. Κ2-6543/3.5.2006) the modification of article 5 of the Bank's Articles of Association, due to the increase of its share capital.

Alpha Bank's shares will trade ex-rights on the 4th working day following the date of approval of the listing of the new bonus shares from the Board of Directors of the Athens Exchange (i.e. shareholders entitled to new bonus shares will be Alpha Bank Shareholders on the closing of the trading session in the Athens Exchange on the 3rd working day). The new bonus shares will be credited to the accounts of the entitled shareholders on the 5th working day following the ex-rights trading date.

Responsible for this Information Document and the accuracy of its contents are:
1. George N. Kontos, Senior Manager - Group Financial Reporting
2. Lazaros A. Papagaryfallou, Manager - Corporate Development Division
The current Information Document is available at the Bank's offices in Athens, 40 Stadiou Str., 10252 Athens, and in the Bank's website www.alpha.gr. For any further information, Shareholders can contact Shareholders' Section of Alpha Bank, during working days and hours, (tel. +30 (210) 3265810, Mr. Spyridon Grammenos).

GR. SARANTIS : Release of the GR. SARANTIS S.A. fianancial results for the Q1 2006 & Conference call invitation

On Wednesday the 31st of May 2006, Gr. Sarantis SA will release, according to the following schedule, the results for the Q1 2006:

  • 10:30 - Press Release, which will be available in the Athens Stock Exchange web page (www.ase.gr) and the Gr. Sarantis S.A. web page (www.sarantis.gr). The Press Release will also be sent out to the broader investment community and the Media of Mass Communication.
  • 17:00 - Update of the company's shareholders and analysts via telephone conference.

Conference call details
Conference Phone GRE +30 210 94 60 800
Conference Phone FRA +33 1 7070 0543
Conference Phone GER +49 69 2 2222 0593
Conference Phone ITA +39 02 3600 7818
Conference Phone CH +41 91 610 5600
Conference Phone GBR +44 800 3769 250
Conference Phone USA +1 866 288 9315

Download the prospectus

PUBLIC POWER CORPORATION SA : Announcement
We inform you that as of today, May 9, 2006, the Annual Report 2005 of Public Power Corporation S.A., is available at our website (www.dei.gr), in accordance with the decision 5/204/2000, as amended by the decision 7/372/2006 of the Hellenic Capital Market Commission.

HELLENIC PETROLEUM S.A. : Schedule of indended acts

Recommended 2006:
1. Date of Ordinary General Meeting: 31/5/2006
2. Date of dividend beneficiaries determination: 2/6/2006
3. Date of dividend declaration: 5/6/2006
4. Commencement date of dividend payment: 14/6/2006
Paying Bank: National Bank of Greece
HELLENIC PETROLEUM S.A. further announces that pursuant to the Regulation of the Stock Exchange and the Decisions made by the Board of Directors of the Stock Exchange in pursuance of the said Regulation, the company shall declare the dividend for the financial year 2005 before the 16th of June 2006. On this date rights and stock-index futures in which the share of HELLENIC PETROLEUM S.A. participates shall expire.

FRIGOGLASS S.A. : Announcement

Further to an article which appeared in the Greek daily financial newspaper IMERISIA on 8 May 2006, entitled "Frigoglass plans a production unit in China" and a relevant query received from the Hellenic Capital Markets Commission (protocol no. 1869/8.5.2006), Frigoglass confirms that its plans for geographical expansion include China and the Americas.
The alternatives under consideration include the establishent of a new plant, a joint venture or an acquisition. Specifically for the Chinese market, in case Frigoglass decides to establish a plant, a preliminary estimate would call for an investment that is not anticipated to exceed Euro 15million. Frigoglass will inform the public of any further developments on the subject.

INTRALOT S.A. : INTRALOT signs new contract in Philippines

INTRALOT has been awarded a new contract with Pacific On-Line which operates games in Southern Philippines on behalf of the state gaming organization Philippines Charity Sweepstake Office (PCSO). The contract is for 7 years and is estimated to generate total revenues of approximately Euro09 10 million. The project includes the procurement, installation and support of an advanced, integrated network which will be comprised of up to 900 CORONIS SL terminals, the core operating system, "LOTOS O/S", and the necessary satellite telecommunications infrastructure. When complete, the system will provide retailers with a flawless solution that will ultimately increase sales of all 6 PSCO's games. The implementation of the project will begin within 2006.
INTRALOT's activities in Philippines have begun in 2004 with the signing of a 10 years contract with PCSO, regarding the implementation of an exclusive online system for the organization of the popular game KINO. INTRALOT S.A. CEO, Mr. Constantinos Antonopoulos said: "With this new contract INTRALOT strengthens its position in the rapidly growing market of the Philippines.
INTRALOT's activities in the South Philippines are very important for one more reason: this area sets the base for our further penetration of the Northern Philippine market that is a key reference point of the broader S.E. Asian region, which is the largest market in the world". Pacific Online Chairman, Mr. Willy Ocier added: "We are very pleased with our partnership with INTRALOT, and we look forward to continue delivering quality service to the Philippine Charity Sweepstakes Office in their efforts to generate revenues for the government's charity projects".

COSMOTE- MOBILE TELECOMMUNICATIONS S.A : Announcement
COSMOTE - MOBILE TELECOMMUNICATIONS S.A. announces that it acquired today 6,500,000 common shares of Germanos S.A., following a stock exchange transaction at Euro 19 per share. As a result of this transaction COSMOTE owns 7.97% of Germanos S.A.

INTRACOM S.A. : European Commission awards a 30 million Euro information and communication project to an INTRASOFT International-led consortium
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EFG EUROBANK ERGASIAS SA. : 1Q 2006 FINANCIAL RESULTS - Strong increase in Net Profit by 45% to Euro157m. - Robust Expansion of Total Loans by 24.6% and FUM by 27.8% - Rising Efficiency - Cost / income ratio receding to 45.2% - ROE improving further to 22.8%
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ARCADIA METAL IND. C. ROKAS S.A. : Announcement
Following the as of 8/5/2006 joint announcement of the companies "Mytilinaios Holding S.A." and "Delta Project S.A." and with respect to the Memorandum of Understanding signed on 20/12/2005 between the companies "C. Rokas S.A." and "Delta Project S.A.", "C. Rokas S.A." announces that, in view of the said developments, it is assessing thoroughly the new facts and circumstances created and intends to proceed to the issuance of a subsequent announcement after the submission of the respective recommendations by its advisors.

HELLENIC EXCHANGES HOLDINGS S.A. : New composition of the Board of Directors

"Hellenic Exchanges S.A. Holding" announces that yesterday, May 8th 2006, the new Board of Directors of the Company met and was formed as a body. The composition of the new Board of Directors is as follows:
Iakovos Georganas, Chairman
Odysseas Kyriakopoulos, Vice-Chairman & Independent, Non-executive Member
Spyros Capralos, Chief Executive officer and Executive Member
Vasilios Drougas, Non-executive Member
Artemis Theodoridis, Non-executive Member
Antonios Kaminaris, Non-executive Member
Nikolaos Karamouzis, Non-executive Member
Nikolaos Milonas, Independent, Non-executive Member
Alexandros Moraitakis, Non-executive Member
Spyridon Pantelias, Non-executive Member
Ioannis Pechlivanidis, Non-executive Member

At its meeting, the Board of Directors decided that items 10 and 11 of the Daily Agenda (regarding the reduction in share capital) of the 5th Annual General Meeting of May 8th 2006, which were not discussed due to a lack of the necessary quorum, as required by law, be discussed at a Repetitive General Meeting which was set for Tuesday 23.5.2006 at 17:00 at the historic trading floor of Athens Exchange.