April 6, 2004
On 03/31/2004 the Extraordinary General Shareholders Meeting of SOCRATES D. CONSTANTINOU & SON S.A. ?YALCO? decided a share buyback according to the article 16, paragraph 5, of C.L. 2190/1920. More specifically it decided:
1. Time Period of Support: Up to twelve (12) months from 03/31/2004.
2.Number of Buying back shares: Up to two hundred thousands (200.000) common stocks, with voting rights, fully payable and without any undertaking rights or claims to a third person. This amount of shares corresponds the 1.516% of the Company?s current share capital.
3.Maximum/Most minimum Price of Share Purchase:Minimum price 1.20 ?,Maximum price 3.00 ?
4.The Board of Directors to undertake the implementation of the above decisions and the choice decision of a Stock Exchange Company or a Bank member of the Athens Stock Exchange, via which the share buyback action will take place.
The Board of Directors
03/31/2004
