The Board of Directors of Laiki Investments Ltd met on the 1 March 2002 and approved the preliminary financial results of the Company for 2001, which have not been fully audited by the external auditors of the Company. Copies of the preliminary financial statements can be obtained at the Company’s registered address at 54 Griva Digeni Avenue, Silvex House, 1st floor, Nicosia, as well as at Laiki Group’s internet address at [email protected]

Turnover for the year equalled CYP 3.520.027 compared to CYP 8.912.440 the previous year, with profits before the loss from investments held for trading and the share of profit from associated companies of CYP 737.174. There were pre-tax losses of CYP 10.890.373 compared to losses of CYP 1.590.302 the previous year, with after-tax losses of CYP 11.133.663 compared to losses of CYP 2.918.155 in 2000. Losses per share equalled 5.56 cents.