Wednesday, 2 November 2005

+++ Invitation to the first Repetitive Meeting of the October 31st, 2005 Extraordinary General Meeting of the Shareholders +++

In accordance with the Greek Law, the Company's Articles and the resolution of its Board of Directors, the Company's Shareholders are invited to the first Repetitive Meeting of the Extraordinary General Meeting initially set for the 31st of October, 2005 - due to the cancellation of decision making on all the items of the Agenda, in the absence of legal quorum - that will be held on Thursday November 17th, 2005 at 11.00 a.m., at the Company Head offices in Peania, Attiki (precise location: 19,5 km Peania - Markopoulo avenue,
site B - with direction to Markopoulo, on the right hand side) to discuss and decide upon the following items on the Agenda:

AGENDA

1. Approval of the Telecom Solutions and Defense Electronic Systems sector spin-off and their transfer
to the Anonymous companies "ELIDA HELLAS S.A." and "PRAXIS AUTOMATISMS S.A.", according to
articles 1-5 of Law 2166/93.

2. Appointment of a Company representative for the signing of the relevant notary acts of the sector
transfer and the accomplishment of any other relevant act or statement.

Under Greek Law and the Company's Articles, in order for shareholders and their representatives to be eligible to attend the first Repetitive Meeting of the October 31st, 2005 Extraordinary General Meeting, they must declare the number of shares with which they wish to join the Meeting, at least five (5) days before the Meeting date. In declaring the number of shares, the interested parties must address the Central Security Depository, provided the number of shares to be deposited is already registered in the Special Account; otherwise, they should firstly request from their authorized Security Accounts administrators to issue a tying-up certificate for them, and secondly, submit any relevant letters of attorney to the Company offices within the same deadline.