Europrofit Must Secure CB Approval for E&F Acquisition

The company Euroinvestment & Finance Ltd. announced that with reference to an announcement by Europrofit Capital Investors Ltd. for acquisition of 19.88% of E&F, the company received a notice on the 30 April 2001 from the Central Bank of Cyprus which stated that Europrofit should have secured the approval of the Central Bank beforehand and that such request had not been submitted up to the date of its notice for the said purpose.

Therefore, E&F, in accordance with instructions of the Central Bank, has informed relevant parties accordingly.