INFORMER Α.Ε.

According to the article 16 of Law 2190/1920, as it is currently effective, and the decision of the General Assembly of the share holders of the company, held on

15/11/2002, during which the buy back of up to 2 millions of its existing shares was decided, in a total period of 12 months, at a purchase price per share the from € 2 at the minimum and €12 at the maximum, the board of directors of the company, following the above decision of General Assembly and the relevant authorization granted to it, during its session of 7/1/2003 it decided the buy back up of to 1.000.000 if its existing shares during the time period from 22/1/2003 until 18/4/2003 with the above mentioned per share prices €2 at the minimum and €12 at the maximum.

During the above-mentioned period of time (22/1/2003-18/4/2003), the company acquired 135.760 of its own shares, at an average buy back price of €2,52 per share, which represents 0,59% of the stock capital of the company.