Press Releases - ATHENIAN CAPITAL HOLDINGS

15/11/2000

THE KYRIAKOU GROUP INCREASE THEIR HOLDINGS IN

"ATHENIAN CAPITAL HOLDINGS S.A."

MR. MINOS KYRIAKOU ELECTED NEW CHAIRMAN OF THE BOARD OF DIRECTORS

The KYRIAKOU Group increase their holdings in "Athenian Capital Holdings S.A.", with the acquisition through stock exchange transactions which will take place during the commencement of tomorrow's session of the ASE, of their holding percentages in the companies belonging to the "MITILINEOS GROUP OF COMPANIES S.A.", Mr. Ch. Papaellinas and companies belonging to the, up to this date, Chairman Mr. P. Papadopoulos.  In view of the above take-over, officers of the KYRIAKOU GROUP replaced the members of the Board of Directors, while Mr. Minos Kyriakou was elected to the position of the Chairman of the Board of Directors. Mr. Xenophon Kyriakou, Prof. Panayiotis Fotilas and Mr. Iosif Glyniadakis were also elected as members of the Board of Directors.

The KYRIAKOU Group and the new Board of Directors will shortly announce their plans for the dynamic development and the new prospects of "Athenian Capital Holdings S.A.".

The Board of Directors

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