The CSE decided on Friday to suspend the trading of the titles of “MFS Holdings Public Company Ltd” until the completion of the transfer of shares offered by the acceptors of MFS Holdings Public Company Ltd to Aspis Group of Companies SA and the dispatch of cheques as an exchange to the acceptors. The suspension of trading is deemed necessary to avoid any mistakes during the procedure. At a meeting held on May 26, 2006, the Board of Directors of Aspis decided to submit a public offer for the acquisition of 50% plus 1 share of the share capital of MFS against 30 cents each cash.

The total issued share capital of MFS stands at £11.957.160 divided into 29,892,901 shares of nominal value 40 cents each. Aspis already holds 619,781 shares of MFS via associated legal persons.

The PO submitted by Aspis expired successfully on August 4, 2006, since the total rate of acceptance stood at 59.5%. With this acquisition, the Company aims to expand its presence in Cyprus, taking advantage of the course of MFS and its subsidiaries such as Liberty and the cooperation that might result from the know-how of Aspis Group in the insurance and financial activities.

On August 11, 2006, Universal Life opposed to the Group’s attempts for an expansion in Cyprus, stressing that the PO is not advantageous due to the differences in the strategic plan of the two Groups.

The termination of suspension will be announced in the next few days.

The MFS results for the first half of 2006 will be announced on August 31.