Exercising of Empire Power Warrants

Empire Capital Investments Ltd. reminded power warrant holders that these can be exercised on the 1 December 2001 or 1 December 2002 or 1 December 2003. Power warrants are exercisable at the price of 70 cents each at offices of the company or at the Bank of Cyprus. Shares resulting will be of 50 cents nominal value and ran pari passu.