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Athens Exchange
Board of Directors of the Athens Exchange approval
October 25, 2002 On its session on October 24, 2002 the Board of Directors of the Athens Exchange approved the prospectus of the following company regarding the listing of its shares on the Athens Exchange:

· EFG DEVELOPMENT EUROINVESTMENTS S.A. regarding the listing of its shares on the Main Market of the Athens Exchange.

In accordance with the approved prospectus:

· The company EFG DEVELOPMENT EUROINVESTMENTS S.A. will distribute 3,333,340 common bearer shares through an IPO..

On its session on October 24, 2002 the Board of Directors of the Athens Exchange approved:

· The listing of 28,992,500 new common registered shares that resulted form the company’s share capital increase of the company LAMDA DEVELOPMENT S.A.

· The unblocking and transfer, in accordance with the provisions of the article 2d paragraph 1 of the Law 2733/1999, as in effect, of 1,077,500 shares of the company HIGHTECH CONSULTANTS S.A. from the shareholder CAPITAL TECHNOLOGY HOLDINGS S.A. to the shareholder EMPHASIS INFORMATION SYSTEMS S.A.. The transferred shares will remain blocked.

On its session on October 24, 2002 the Board of Directors of the Athens Exchange was notified for:

· The cancellation and de-listing of 8,357,875 own common registered shares of the company BANK OF PIRAEUS S.A. due to a company’s share capital reduction, in accordance with the provisions of the article 16 paragraphs 2 and 3 of the Law 2190/1920.

It is noted that the completion of the company’s share capital increase of Euro 27,413,830 through a rights issue by issuing 8,357,875 new common registered shares, at issue price of Euro 8.36 and a waiver of the preference right of the existing shareholders in favor of ING Group, which was approved by the B’ Repeated General Meeting of the company’s shareholders on 10.06.2002, is pending.

On its session on October 24, 2002 the Board of Directors of the Athens Exchange was also notified for the information note of the company:

· HELLAS CAN PACKAGING MANUFACTURERS S.A. regarding the acquisition of the company CROWN CORK DE ESPANA S.L.

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