Organization of the new Board of Directors as a Body Corporate

According to article 4 of Decision 5/204/14.11.2000 of Hellenic Capital Market Commission, it is hereby announced that the Board of Directors of the Company, which was elected by the Annual Ordinary General Assembly of Company Shareholders of 1.6.2004, during its meeting dated June 2nd, 2004 organized as a Body Corporate as follows: 

Vardis J. Vardinoyannis  – Chairman, Executive Member

Abdulhakim A. Al-Gouhi – Vice Chairman, Managing Director Executive Member

Panagiotis Ν. Kontaxis – Vice Chairman, non executive member

George P. Alexandridis – non executive member

John N. Kosmadakis – Executive Member

Petros Τ. Tzannetakis – Executive Member

Leonidas Κ. Georgopoulos – non executive /independent member

Majid Y. Al–Mugla – non executive member

Jamal A. Al–Rammah – non executive member

Ali A. Al Muhareb – non executive member

Abdullah Mohammed Al Warthan – Executive Member

Ali A. Saleh Al–Ghamdi – non executive / independent member. 

The term of the new Board of Directors expires on the next Annual Ordinary General Assembly of Company shareholders which will approve the Accounting Financial Statements for the year 2004.

Maroussi, June 4th, 2004.

The Board of Directors