PRESS RELEASE

SHARES BUY BACK FOR THE PERIOD OF TIME 22/01/03-18/04/03

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

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INFORMER S.A. SIGNS NEW AGREEMENT WITH 'GREEK INVESTMENT BANK'

The successful co-operation between INFORMER S.A. and GREEK INVESTMENT BANK is further expanding with the new agreement the two parties singed recently.

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TEE Ltd. PROCEEDED TO ACQUIRE & INCORPORATE NEW COMPANIES IN POLAND,ROMANIA AND EGYPT

TEMENOS EASTERN EUROPE Ltd in which INFORMER S.A. has 49% participation and the management of the company, proceeded to acquire and incorporate new

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Informer S.A. annual results for 2002

The turnover of Informer S.A. increased by 5.5% in 2002 and amounted to € 20.8 mio against € 19.7 mio in 2001. Earnings before taxes amounted to € 4.5 mio in 2002,

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The acquisition of the majority in AIRWAVE ENTERPRISES LTD by the INFORMER SA Group was completed

The acquisition of the majority in AIRWAVE ENTERPRISES LTD by the INFORMER SA Group was completed on 11/3/2003. AIRWAVE ENTERPRISES LTD was one of

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Twenty (20) new projects for SYSCO S.A., member of the Informer Group

SYSCO S.A., subsidiary company of Informer Group, successfully continues to install its Integrated Hospitality Solutions in to large and medium sized hotel

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CONTACT

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INFORMER S.A.

Autokrat. Nikolaou & Suggrou

128 - 17671 Athens

Contact

Tel.+30 210 900 9200