Euroinvestment expects improvement in final results 2004

Pursuant to the CSE and SEC Regulations, Euroinvestment & Finance Ltd announces that the results for 2004 are expected to show profits compared to the losses in 2003, mostly due to the improvement in the net income from interests, the increased contribution from property and construction activities of the subsidiary, Philoktimatiki Ltd and the drop in expenses. This together with the reduced provisions will reduce net losses for 2004 compared to 2003.