Estimates - Comparative Results

Based on the figures available to this date to the management of "Euroholdings Capital & Investment Corp.", the company is able to proceed in the following estimates:

Considering the positive consolidated operating results of the 3rd quarter of 2002 (against losses for the corresponding period of 2001), the aim of the Management for a positive consolidated operating result for the fiscal year 2002, in the amount of € 1.600.000 approximately, appears attainable.

The aforementioned positive results mark an important change in the course of "Euroholdings Capital & Investment Corp.", where the operating expenses of the Company are drastically reduced to € 1.8 mio in 2002, against € 8.8 mio in 2001 and € 11.1 mio in 2000.

Finally, the implementation of the business plan and the utilization of the existing administrative and technical personnel of the companies "Maltezos S.A.", "Perseus Specialty Food Products S.A." and "Lekatsa Diagnostic Centre S.A.", while the estimated operating profits for these companies are expected to significantly increase during the current fiscal year. Within the aforementioned framework, the strategic partnership between "Perseus Specialty Food Products S.A." and "Veterin S.A." is expected to further enhance the profitability of the former and its leading position in the aquaculture market.

The next steps of the management include a complete reorganisation in terms of structure of the bank loans of Euroholdings Capital & Investment Corp."; as soon as this reorganisation is completed, the company will publish a relevant bulletin.

The aforementioned estimates, concerning the results of the group, are based on the figures available to this date to the management of "Euroholdings Capital & Investment Corp." The standing policy of the management is to brief investors on the progress of the results through a formal corporate bulletin every quarter and moreover, in case of significant deviations (positive or negative) from the aforementioned estimates, to publish a special bulletin.