The Issuer advises that the following announcement replaces the FTSE/ASE 20, FTSE/ASE MID 40 & FTSE/ASE SMALLCAP INDEX SEMI-ANNUAL announcement released on the 21 April 2005.

Following confirmation,

for the FTSE/ASE 20 index, there are no investability weight changes to existing constituents

and for the FTSE/ ASE Mid 40 Index Reserve List, ATHENS MEDICAL C.S.A. investability weight should read 40% and not 50%.

All other details remain unchanged. The full amended version is shown below.

  

FTSE/ASE 20, FTSE/ASE MID 40 & FTSE/ASE SMALLCAP INDEX SEMI-ANNUAL

26 April 2005


Following the semi-annual meeting of the FTSE/ASE Index Advisory Committee on Thursday, 21 April 2005, the following changes were announced:

For the FTSE/ASE 20 index, there were no additions to or deletions from this index. There were no Investability weighting changes.

For the FTSE/ASE Mid 40, a total of one (1) addition, one (1) deletion from this index. One (1) Investability weight change to existing constituents was approved.

For the FTSE/ASE Smallcap, a total of four (4) additions, four (4) deletions and four (4) Investability weight change to existing constituents were approved.

These changes will become effective after the close of business on the last trading day in May 2005 i.e. on Wednesday 1 of June 2005.

PERIODIC REVIEW OF CONSTITUENTS

Additions to FTSE/ASE 20 Index:

There are no additions to this index.

Deletions from FTSE/ASE 20 Index:

There are no deletions to this index.

Investability weight CHANGES:

There are no investability weight changes to this index.

FTSE/ ASE 20 Index Reserve List

With immediate effect, the following reserve list will be used in the event that one or more constituents are deleted during the period up to the next semi-annual review:

Stock Name & Class of Share Investability weight (%)
ATE (CR) 20
INTRALOT S.A. (CR) 75
HERACLES GEN.CEMENT COMPANY S.A. (CR) 30
TECHNICAL OLYMPIC S.A. (CR) 75
ATHENS WATER SUPPLY & SEWERAGE S.A. (CR) 30

Additions to FTSE/ASE Mid 40 Index:

Stock Name & Class of Share Rank Investability weight (%)
ATE (CR) 13 20

Deletions from FTSE/ASE Mid 40 Index:

Stock Name & Class of Share Rank Reason
ELBISCO HOLDING S.A n/a Failed Liquidity

investability weight CHANGES:

Stock Name & Class of Share Current Investability Weight (%) New Investability Weight (%)
ALUMINIUM OF GREECE S.A. 40 50

FTSE/ ASE Mid 40 Index Reserve List

With immediate effect, the following reserve list will be used in the event that one or more constituents are deleted during the period up to the next semi-annual review:

Stock Name & Class of Share Investability weight (%)
GR. SARANTIS S.A. 75
MINOAN LINES S.A. 100
CROWN HELLAS CAN S.A. 30
FRIGOGLASS S.A. 50
CH. ROKAS S.A. 50
ATHENS MEDICAL C.S.A. 40
CH.C. TEGOPOULOS PUBLISHING S.A. 30
NEOCHIMIKI S.A. 50
AUTOHELLAS S.A. 40
LAMPSA HOTEL S.A. 75

Additions to FTSE/ASE Smallcap Index:

Stock name & Class of Share
Rank Investability weight (%)

EUROMEDICA S.A. 104 40
ASPIS PRONIA GENERAL INSURANCES S.A. 122 30
KORDELLOS CH. BROS S.A. 125 20
INTRACOM CONSTRUCTIONS S.A. 136 30

Deletions from FTSE/ASE Smallcap Index:

Stock Name & Class of Share Rank Reason
PHOENIX METROLIFE S.A n/a Fails Free Float
PIRAEUS LEASING S.A. n/a Fails Free Float
SEX FORM S.A. 170 Auto Deletion
CRETE PLASTICS S.A n/a Failed Liquidity

investability weight CHANGES:

Stock Name & Class of Share Current Investability Weight (%) New Investability Weight (%)
LAN-NET S.A. 75 100
NEOCHIMIKI S.A. 30 50
ALMA-ATERMON S.A. 40 50
SEX FORM S.A. 30 50

FTSE/ ASE Smallcap Index Reserve List

With immediate effect, the following reserve list will be used in the event that one or more constituents are deleted during the period up to the next semi-annual review:

Stock Name & Class of Share Investability weight (%)
DROMEAS S.A. 30
DELTA PROJECT S.A. 20
HELLENIC FABRICS S.A. 40
INTERTECH S.A. 75
THE HOUSE OF AGRICULTURE SPIROU S.A. 50
RIDENCO S.A. 50
EDRASIS - C. PSALLIDAS S.A. 75
KRI-KRI MILK INDUSTRY S.A. 30
DIEKAT S.A. 75
REVOIL S.A. 30

For index related enquiries or further information about FTSE/ASE indices please contact:
Client Services in UK:Tel: +44 (0) 20 7448 1810
Client Services in US:+1 888 747 FTSE (3873) or +1 212 641 6166
Client Services in Asia Pacific:+852 2230 5800 or +65 6223 3738 or +81 3 3581 2796
Athens Stock Exchange:Tel: +30-1-33.66.217 or +30-1-33.66.216

Or, email your enquiries to info@ftse.com or visit our website at www.ftse.com, or visit www.ase.gr


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