Euroinvestment: Final results 2004 – AGM on 6/7

a) We wish to inform you that at the meeting held on April 25, 2005, the Board of Directors of Euroinvestment & Finance Ltd approved the final results for the year ended December 31, 2004. The final results are not significantly different from the indicative results 2004. The net consolidated loss has increased by 15 thousand and the net assets have showed an increase of 15 thousand after the recognition in the Profit and Loss Account of the permanent diminution of 30 thousand to an investment of the subsidiary Filoktimatiki Ltd. Copies will be available at the Company’s office, 20 Ayias Paraskevis, 2002 Nicosia (tel. 22378600).

b) The Annual General Meeting of Euroinvestment & Finance Ltd will take place on Wednesday, July 6, 2005 at 5.05 pm in Nicosia. The Extraordinary General Meeting which will take place at 5.00 pm will examine the change of the Company’s name from Euroinvestment & Finance Limited to Euroinvestment & Finance Public Limited.

c) The Board of Directors approved the submission of the Prospectus on the capital increase to the CSE.