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FANCO S.A.

Correction Note

June 1, 2006 In the KERDOS newspaper on May 31, 2006 where the SUMMARY FINANCIAL STATEMENTS AND INFORMATION for the period from January 1, 2006 to March 31, 2006 were published, in the "STATEMENT OF CHANGES IN EQUITY (amounts in thousand Euro)" table, the comparative column included data on 12/31/2005, instead of data on 3/31/2005 as provided by the IFRS.
Hence, the related table is adjusted as follows:

STATEMENT OF CHANGES IN EQUITY (amounts in thousand Euro)

THE GROUP

  • Net Equity Opening Balance: 248 (03/31/2006) versus 12.801 (03/31/2005)
  • Profit / (loss) for the period, after tax: (5.774) (03/31/2006) versus (3.818) (03/31/2005)
  • Shareholders deposits for share capital increase: 0 (03/31/2006) versus 2.600 (03/31/2005)
  • Net income directly recorded in net equity: 236 (03/31/2006) versus 259 (03/31/2005)
  • Net Equity Closing Balance: (5.290) (03/31/2006) versus 11.842 (03/31/2005)

    THE COMPANY

  • Net Equity Opening Balance: 632 (03/31/2006) versus 12.524 (03/31/2005)
  • Profit / (loss) for the period, after tax: (5.487) (03/31/2006) versus (3.553) (03/31/2005)
  • Shareholders deposits for share capital increase: 0 (03/31/2006) versus 2.600 (03/31/2005)
  • Net income directly recorded in net equity: 267 (03/31/2006) versus 239 (03/31/2005)
  • Net Equity Closing Balance: (4.588) (03/31/2006) versus 11.810 (03/31/2005)

    The above data are posted on the company's web site at the electronic address: www.klonatex.com



  • For further information, please contact: Mr. Athanassios Margellos, Head of Investor Relations (Τel: +30 210-5708164),(E-mail: investors@klonatex.com), Mr. Ioannis Kalogeras, Communications & Public Relations Director (Tel. +30 210-5708030), (E-mail: press@klonatex.com) or with the Company at tel.: +30 210-5708000, Fax: +30 210-5708200. Website:www.fanco.gr or Mr. Nicolas Bornozis, President at Capital Link Inc. in New York at (212)661-7566. This and additional information can also be accessed on Capital Link's website.

         




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