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Athens Exchange
The ASE Board of Directors approval
August 8, 2002 The ASE Board of Directors on its session on August 8, 2002 approved the Prospectus of the following listed company:

LAMDA DEVELOPMENT S.A. for the share capital increase of the company through a rights issue

According to the prospectus it was approved:

LAMDA DEVELOPMENT increases its share capital through the issue of:

-28,992,500 new common registered shares with preference right to the existing shareholders and issue price of euro 4.00 in terms of 2 new common registered shares from every 1 old shares held.

Also, the ASE BoD approved:

The listing of the 9,287,999 new common bearer bonus shares of the company SANYO HELLAS HOLDINGS S.A that result from the reduction of the par value of the share from euro 1.32 to euro 1.20 and the simultaneous increase of the number of shares (split).

The listing of the 12,800,000 new common bearer bonus shares of the company ELBISCO HOLDINGS S.A.

The listing of the 18,585,600 new registered shares of the company ELEKTRA IMPORTING S.A. that resulted from the conversion of an equal number of common bearer shares.

The listing of the 8,130,000 common registered shares of the company PROMOTA HELLAS S.A. that resulted from the conversion of an equal number of common bearer shares

The ASE BoD was notified on the following issues:

The increase of the par value of the share of the company CHATZIKRANIOTIS & SONS MILLS S.A. from euro 0.7337 to euro 0.75.

The increase of the par value of the share of the company INFORMATICS S.A. from euro 0.2935 to euro 0.30.

The increase of the par value of the share of the company GEKE S.A. from euro 0.5869 to euro 0.59.

The increase of the par value of the share of the company DUROS S.A. from euro 1.1739 to euro 1.28.

The increase of the par value of the share of the company PIPEWORKS TZIRAKIAN PROFILE S.A. from euro 0.4255 to euro 0.45.

The REDUCTION of the par value of the share of the company SANYO HELLAS HOLDINGS S.A. from euro 1.3206 to euro 1.32.

The change of company name of the company PAPAFILI MILLS S.A. to DELTA ICE CREAM S.A.

The increase of the par value of the share of the company ELBISCO HOLDING S.A. from euro 0.75 to euro 1.50.

The increase of the par value of the share of the company PROMOTA HELLAS S.A. from euro 0.2935 to euro 0.31.

The increase of the par value of the share of the company WOOL INDUSTRY TRIA ALFA S.A. from euro 2.70 to euro 2.83.

The increase of the par value of the share of the company FOLLI FOLLIE S.A. from euro 0.2935 to euro 0.30.

The increase of the par value of the share of the company HELLATEX S.A. SYNTHETIC YARNSfrom euro 0.6544 to euro 0.66.

The increase of the par value of the share of the company ETMA RAYON S.A. from euro 1.2326 to euro 1.24.

Also, the ASE BoD approved the application-statement ofMARFIN-HELLENIC SECURITIES for the qualification as a Market Maker in the Main & Parallel Market of the ASE

It is noted that till date, apart from the above Brokerage Firm, the following Brokerage Firms have also been approved:

EFG EUROBANK SECURITIES
OMEGA SECURITIES
P&K SECURITIES
EGNATIA SECURITIES
NATIONAL SECURITIES
PROTON SECURITIES

For further information, please contact: Mr. Dimitris Domalis, Information Manager, Athens Exchange at +30 210-3211-835 or our International IR Advisor, Mr. Nicolas Bornozis, President, Capital Link Inc, in New York on (212) 661 7566. This information can be also accessed in Athens Exchange website at www.ase.gr, and Capital Link's website at www.capitallink.com with historical company