The Group results are significantly reinforced from extraordinary income of 19.516 million euros. This amount is mainly derived from unutilised provisions for the devaluation of the Group share portfolio, which were posted during previous years, affecting negatively the corresponding results. Thus, net profit before taxes and after minorities reached 35.585 million euros, against losses of 13.870 million euros in 2002.

Turnover posts a 14% increase, stemming from the gradual recovery of the local market during the second and third quarter of the current year. At the same time, there was a further expansion of the Group sources of income. Derivatives income has increased by 28%, while there is also an increase in income derived from the registration of Government bonds through the Dematerialised Securities System, as well as income derived from information vendors.

The Group?s operational cost has been reduced by 13%, while, if depreciation is included, the cost contraction amounts to 16%. Personnel expenses that account for almost 50% of the Group?s cost structure, were reduced by 8%.

The consolidated EBITDA figure amounts to 20.327 million euros, presenting a 95% increase when compared to the relative 2002 figure of 10.430 million euros.

The holding company revenue, deriving from dividends and interest earned, amounts to 17.743 million euros compared to 24.952 million euros for the corresponding period, while profit before tax amounts to 16.433 million euros versus 21.803 million euros.

The agreed, between the two parties, price amounts to 6,18 euros/share (closing price of 25/11/2003: 6,10 eyuros/share). Thus, the total expected income for INTRACOM will reach the amount of 316.725.000 euros. Both companies underlined that they will continue their fruitful and constructive cooperation in the future as well.

As a result of this transaction, INTRACOM will release significant capitals, which will benefit not only the future growth of the company but its shareholders as well. Furthermore, INTRACOM's financial situation will significantly be strengthened considerably through the immediate reduction of its bank loans and the increase of its shareholders equity.

As far as the consolidated financial results of ELBISCO HOLDING S.A. are concerned, there was a slight downfall in the company?s sales, which this year amounted to 127,927,799.92 euros. This slight fall in the sales is due to the lagging of the foreign companies Zito Luks A.D. Scopje and Karat Bulgaria S.A., which are in a phase of restructuring and yet their operational profits mark an increase. Another reason for this fall is the extraction of the sales of the EVGA juices, which are distributed by the domestic company of the ELBISCO Group, Elbisco Commercial S.A.

It must be noted that EVGA?s juices stopped being distributed within the framework of the rationalization being made in the operation of the FILIPPOU INVESTMENTS Group and given that the said product is not integrated in Elbisco?s activities and does not comply with its strategy, which is from now on focused on cereal-based products.

On the other hand, the net profits of the Elbisco Group marked an increase, amounting to ?1,085,146.05 for the 3rd quarter 2003 compared to 96,127.96 euros during the same period last year. Finally, the Group?s EBITDA marked a marginal year-on-year increase reaching ?10,875,099.08 from 10.055.653,48 euros.

Total sales volume of cement and clinker increased by 6% in both domestic and export market.

Operating expenses decreased by 5% compared with the same period of 2003, owing mainly to the focus of Management on operating cost cutting as well as to the impact of last year's voluntary redundancy scheme.

Operating income of the Group amounted to 85.0 million euros, up 7% compared with the same period of 2002, reflecting the aforementioned increase of sales volume and reduction of operating expenses. Profit before tax was at the level of 83.0 million euros compared to 49.7 million euros in the same period of the previous year that had been impacted by a provision of 19.6 million euros regarding staff termination indemnities.