As a follow-up to our Company?s announcement of 18/6/2007 with regard to the Diagnostic Center bearing the name EUROMEDICA Eastern Attica S.A. and on account of a recent article published in online press, we would like to point out the following in reply to the four questions listed in the conclusion of the above news item:
1. In our opinion, which was based mainly on a judgment passed by Chamber IV of the Council of State which was earlier than the incorporation of the company, in October 2006 when the announcement was made, the holding of EUROMEDICA S.A. in the share capital of EUROMEDICA Eastern Attica S.A. was in line with the letter and the spirit of the provisions laid down in Presidential Decree No. 84/2001 and thus was legal. However, the approach used by ISA in interpreting the relevant provisions laid down in Presidential Decree No. 84/2001 was different. We were informed of the ISA opinion later on, that is after making our announcement on 24/10/2006, and in view of this, to facilitate the incorporation of the company, we did not insist on our initial intention for our Company to have a holding in the share capital of EUROMEDICA Eastern Attica S.A.. Thus 49% of the share capital of the newly incorporated company was acquired, with our consent, by Mr. N. Liakounakos who paid the amount of Euro 58,800. After the execution of the relevant incorporation notarial deed and its approval by the Prefecture of Eastern Attica on 30/1/2007, when it was possible to draft a preliminary agreement for a transfer of shares, Mr. N. Liakounakos made a commitment, through the said preliminary agreement, to transfer to EUROMEDICA S.A., or if an obstacle would come up, to any natural or legal person indicated by the latter, his holding (that is, 49%) in the share capital of EUROMEDICA Eastern Attica S.A., at the same price as that paid for the acquisition of such shares (that is, a total of Euro 58,800). The failure to amend the announcement made on 24/10/2006 was obviously unintentional, as such a failure has yielded no benefits to our Company, taking into account the fact that the newly incorporated company has not started its operation yet.
2. It is self-explanatory that since no judgment has been passed yet on the subject by the plenary session of the Council of State, following a relevant hearing that took place on 4/5/2007 concerning the petitions filed against Presidential Decree No. 84/2001, Mr. N. Liakounakos is unable to fulfill his obligation to transfer his shares to our Company.
3. Mr. Antonis Goumas, a founder and shareholder of the company, is a physician specializing in anesthesiology.
4. Based on existing provisions, it is permitted to operate extra-hospital artificial kidney units at a primary health care level.

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