The Board of Directors of Elmec Sport SA announces that according to the information received today May 8th from the main shareholders Sam Fais and Lucy Fais, they have agreed with the company "Homeric Department Stores Holdings S.A." the acquisition from the latter of 28.713.620 shares or 51,82 % of the total share capital of Elmec Sport SA at the price of 3 euro per share. The completion of the agreement is to be finalized with the respective approvals by the authorities. Moreover, it has been agreed between the parties involved that Elmec Sport SA is to acquire the minority interests of its subsidiaries Factory Outlet SA, Factory Outlet Airport SA and Ipirotiki SA.
The company "Homeric Department Stores Holdings S.A." is controlled by Laskarides Group of Companies. The Fais family members have decided to re-invest in Homeric DS Holdings SA and after the conclusion of the exchange, Laskarides Group of Companies will control 76% of the share capital of "Homeric Department Stores Holdings S.A." and Mr S. Fais and Mrs L. Fais 24%. The main shareholders expect that the new corporate scheme will not only continue the current successful course of Elmec Sport Group of Companies, but also will add new momentum and benefits for the shareholders, the employees and the customers of the company.
According to the information received from the main shareholders Sam Fais and Lucy Fais, it is mentioned that after the completion of the acquisition of the 51,82% of the share capital of Elmec Sport S.A. by the Company "Homeric Department Stores Holdings S.A." the latter will proceed to a public offering in order to acquire the 100% of the share capital, as required by the relevant legislation.

The Board of Directors of Elmec Sport SA announces that today May 8th has received the following letter from the company "Homeric Department Stores Holdings SA":
"Homeric Department Stores Holdings SA", controlled by Laskarides Group of Companies, announces that it has come to an agreement with the main shareholders of Elmec Sport S.A. Mrs. L. Fais and Mr. S. Fais for the acquisition of 51,82 % of Elmec Sports'' total share capital that they own, for the price of 3 euro per share. The transaction will be completed as soon as the required legal approvals from the Greek authorities are granted. The Fais family members have decide to reinvest to the company, thus, after the completion of the transaction Homeric DS SA will be controlled by 76% from Laskarides Group of Companies and by 24% from the Fais family members.
The company after the acquisition of the majority of the shares, as mentioned above, in compliance with the legal requirements, will proceed to a public offering for the acquisition of the total share capital of Elmec Sport SA, and is willing to pay the minimum price set by the legislation.
The company as the main shareholder will strive for the achievement of the goals of Elmec Sport, not only in Greece but also in the foreign market and particularly in the Balkans where Elmec Sport is already successfully operating. The experience of the Fais family members along with the business potentials of Laskarides Group of Companies, will set the two major parameters for the further expansion and success of Elmec Sport SA.

PPC has been advised by the Privatisation Agency of Bulgaria on May 8th 2007, of a decision allegedly terminating the privatisation process for the Bobov Dol Thermal Power Plant, in which PPC is the preferred bidder.
PPC shall study the decision issued by the Privatisation Agency, as soon as it becomes available.
Notwithstanding the above, PPC has been invited to hold discussions with the Minister of Environment of Bulgaria, which had been pre arranged for the 21st of May 2007 through diplomatic channels.

On Monday the 7th of May 2007, following the invitation of the Vice-Minister of Labor Mr. G. Giakoumatos, a tri-partite meeting took place between the company and the union of Halkis Plant. In the meeting GSEE and the Cement Federation were present.
Further to this meeting, and under the auspices of the Vice-Minister of Labor, the company and the Halkis Plant union agreed to start a ten days discussion process.
In the frame of the above process, the company agreed to restart temporarily the plant under the following conditions:
1. Normal operation of the plant free from any obstructions
2. The maintenance contractors and the contractor of the mobile equipment of the quarry will be operating without any obstruction
During these discussions, the transfers of the employees, due to the assignment of the quarry transportation to the contractor, who have not accepted their new position, is frozen.
HERACLES G.C.Co has restarted Halkis Cement Plant the morning of 8th of May, and is entering this discussion process with a strong will to find a viable solution for its future, fully aware of its responsibilities.

Review
Group invoiced sales increased by 7.9%, to Euro 21.8 mio (20.2 in 2006). Total group sales (including indent sales) increased by 2.7 % to Euro 22 mio (21.4 in 2006). Net profit after tax and minority rights rose to Euro 929.000 (Euro207.000 in 2006).
Sales growth was achieved both by Commercial Vehicle and Automotive Machinery Divisions.
The profit increase is due to improved gross profit of Isuzu Pickups, Scania Trucks & Buses and Engines & Boats Business Units. The Company?s Board of Directors takes the view that this rate of increase may not be sustainable over the rest of the year. For this reason the announced profit forecast of 10% from continuing operations above 2006, stands.
The Company was established in Thessaloniki in 1922. It manufactures, modifies, distributes and supports a wide range of automotive products including automobiles, trucks, buses, generating sets, diesel engines, boats, outboard engines, agricultural, earthmoving and industrial equipment. The Company has a leading position in the Greek market in the sectors of its activity.
For further information, please contact Ms. Athina Tsiaga, tel.: 210 3499211.

A special dividend of Euro1,25 per share through share capital reduction and the issuance of a 10-year Convertible Bond, were approved, amongst other issues, by the Annual General Meeting of VIVARTIA?s shareholders, that took place today. The aforementioned actions are part of the Group?s strategic plan to reduce the weighted-average cost of capital and to maximize its shareholders? value.
In 2006, consolidated sales of Vivartia Group (pro forma) increased by 7,8% to 949,7 mil. Euro from 881 mil. Euro in 2005. Respectively, EBITDA reached 142,3 mil. Euro from 128,3 mil. Euro in 2005, increased by 10,9%, while net profit reached Euro 49,5 mil. from Euro32 mil. in 2005, recording a 54,7% increase. Lastly, the earnings per share were Euro0,67 from Euro0,48, increased by approximately 40%. It should be noted that the number of shares was increased in 2006 vs 2005. The above figures reflect the total of the operations for all divisions of Vivartia for the years 2005 and 2006 and are directly comparable. They reflect the accurate picture that appears after the merger and after deducting the extraordinary income received from the resolution of the Danone partnership.
The published results which are based on the date of the absorption of Chipita International S.A. from Delta Holdings S.A. are different, because they include the figures from the continuing operations of the former Delta Holdings S.A. for all of 2006, but only four (4) months of operations of the Bakery and Confectionery Division ?formerly Chipita.
Taking under account the fact that the published figures (continuing activities) are not comparable, the equivalence between 2006 and 2005 is as follows: sales of Vivartia Group were increased by 25,2% to 731,3 mil. Euro from 584,2 mil. Euro. Earnings before Interest, Taxes and Depreciation (EBITDA) for Vivartia Group reached 114,1mil. Euro from 102,9 mil. Euro, increased by 11%, while net profits increased by 35%, reaching Euro44,4 mil. compared to Euro32,9mil in 2005.
In particular, the sales and the profitability of each division for the full year ending 2006 are analyzed as follows:
- For the Dairy and Drinks Division, sales reached 374,2mil.Euro from 366,1mil.Euro in 2005, increased by 2,2% including the sales of the Vlachas brand for four and a half months, in 2006. The division?s EBITDA recorded an increase of 20,8%, to 60,5mil.Euro from 50,1mil.Euro in the equivalent period in 2005 (not including the profit recorded from the resolution of the Danone partnership).
- For the Bakery and Confectionery Division, sales for 2006 increased by 16,8% to 346,9mil.Euro from 297,0mil.Euro, attributed to further product development, new and innovative product launches and the strengthening of its market presence. On a profitability level, EBITDA reached 50,5mil.Euro from 41,0mil.Euro in 2005, increased by 23,2% not including repeated other income 3,7mil. Euro in 2005.
- he Foodservices and Entertainment Division, recorded an increase of 7% in sales, to 156,5mil.Euro from 146,3mil.Euro the same period in 2005, as a result of the improvement in sales of the Flocafe shops. EBITDA reached 24,4mil.Euro from 23,9mil.Euro, increased by 2,1%.
- For the Frozen Foods division, sales increased by 6,3% to 73,4mil.Euro from 69,1mil. Euro, due to the increase in the core business (frozen vegetables), the launch of new products (tomato) and the introduction of fresh salads. On a profitability level, the significant improvement in costs resulted in an 18% increase in EBITDA which reached 16,2mil.Euro from 13,7mil.Euro in 2005.
These results show that the Group?s targets for profitable growth and the increase in the free cash flow -that reached 72 mil.Euro in 2006 from 41 mil.Euro in 2005-, have been successfully met. The strong financial position of the Group today, is shown through the Net Debt to EBITDA and Net Debt to Shareholders Equity ratios standing at 2,3:1and 0,5:1respectively in 2006.
Taking into consideration the Group?s above strong capital structure and the future cash flows combined with the future profitability that will result to the decrease in the leverage, there will be funds available of at least 400mil.Euro. These funds will be used for potential buyouts in Southeast Europe, with the purpose to further reinforce the organic development of Vivartia in the next three years, as well as achieve the target of reducing the weighted average cost of capital and increasing the economic value added (EVA).
VIVARTIA Group under its new structure, can now realise additional significant opportunities for business development in new geographical areas and new product markets while enjoying the synergies achieved through the merger. These two factors will contribute to the further enhancement of its profitable growth. It is expected that during the next three years, sales will increase at an average annual growth rate of 8% thus exceeding 1,1 billion Euro in 2009, EBITDA will increase at an average annual growth rate of 14% exceeding 200mil.Euro in 2009, while EPS is expected to double.
These forecasts refer to the organic growth of the group that is expected to be further reinforced, with the acquisitions that have already been completed. The acquisition of the 46% of the share capital of the Cypriot company Christis Dairies Public Ltd has been completed, while the public offering for the 100% of the share capital is in process, and the acquisition of the Bulgarian United Milk Company that is also in its final stage and has been agreed upon, and will be finalized after the approval from the Bulgarian Competition Authority.
With the completion of the above, VIVARTIA?s presence with dairy production units in 3 countries of the European Union, sets the basis for its expansion in Southeastern Europe, establishing the Group as the dominant regional player in the particular market.

INTRACOM IT Services participated in the ICT Cyprus expo 2007, held in Nicosia, from May 3 - 5. The company attended the exhibition aiming to further develop its activities in the local market. The exhibition was organized by CITEA and was held at the international conference center, in Nicosia. Many important government and private sector executives from Cyprus and the broader geographical region have attended the event.
INTRACOM IT Services presented its integrated solutions on e-Government and Banking. Within the framework of the exhibition, a relevant conference took place where Dimitris Vassilopoulos, Director of Sales of Public Administration Systems, gave a speech entitled "ITC Innovation, Research & Technology Funding through Opportunities". Mr. Vassilopoulos presented different examples of implementing projects, explaining that innovation and research can be funded not only by EU or national programs, but also by the collaboration among research centers and product manufacturers in order to implement complex projects.
INTRACOM Group is among the first Greek organizations with considerable export activity, which begun in the 90s, aiming to become a leader in the broader geographical region. After the Group reorganization, today INTRACOM IT Services employs 1,400 professionals approximately, half of which work outside Greece. INTRACOM IT Services has more than 500 international customers, consisting of public administration authorities, ministries and government institutions, banks and large enterprises, while 60% of its turnover comes from international activities.
INTRACOM IT Services customers in Cyprus are Cyprus Commercial Bank, where the integrated banking system PROFITSΘY is in full operation, as well as JCC Cyprus. Regarding the Public Sector, INTRACOM IT Services has successfully implemented TAXISnet on behalf of the Cypriot Ministry of Commerce.

About INTRACOM IT SERVICES
INTRACOM IT SERVICES, a subsidiary of INTRACOM HOLDINGS, is a leading IT services provider in Southeast Europe and the Middle East. The company specializes in systems integration, software development and provision of outsourcing and support services for the public administration, banking and financial institutions, and other large enterprises. More than 500 international organizations and companies in 18 countries have chosen INTRACOM IT SERVICES for its advanced solutions and professional services. The company has dynamically developing subsidiaries in Greece and abroad. Its largest subsidiary, INTRASOFT International is one of the most important IT services providers to the European Union bodies. As a Group, INTRACOM IT SERVICES has 1,400 employees. IDC has consistently ranked INTRACOM as the leading IT services provider in the Greek market since 2000. For more information please visit: www.intracom-it.com.

LAMDA Development announces the purchase of a 10.500 sqm plot of land in Montenegro in the town of Budva. In this plot the company will develop an exclusive second home resort. The total price of the above transaction is Euro 3.7 million.
The plot has a view over the Sveti Stefan island, which will be developed into a luxurious holiday resort.
In the same area a number of developments have been announced from English and Russian investors as well as from AMAN resort, for the development of hotel complexes, marinas and second home developments.
The cost of this project will reach Euro 16 million.

Aspis Bank announces that it received from the Bank of Greece the Decision No 241/1/3.5.2007 of the Directorate of Banking and Credit Issues, which did not approve Aspis Bank''s petition to permit the acquisition of 51% of FBBank.
Aspis Bank will continue its independent development through expansion.