1. Group Financial Performance 9M & 3 rd Quarter 2005 prepared under IAS & IFRS

2. Consolidated Results – 9M 2 amounts in € m20052004chg Turnover280.9399.6-29.7% Gross Results39.363.3 Other Income-1.6-1.4 Operating Expenses23.218.2 Income from Associates8.3-5.9 Operating Results22.837.8 Financial Results-4.3-2.1 Pre Tax Earnings18.535.7-48.2% Tax6.314.7 Net Earnings12.221.0 Minority Rights0.0 Net Earnings to Shareholders12.221.0-42.1% EBITDA21.344.3-51.9%

3. Consolidated Results – 3 rd Quarter 3 amounts in € m20052004chg Turnover64.6131.0-48.9% Gross Results4.518.0 Other Income-0.10.7 Operating Expenses5.15.9 Income from Associates5.7-0.4 Operating Results5.012.4 Financial Results-1.9-0.9 Pre Tax Earnings3.111.5-73.0% Tax0.65.6 Net Earnings2.55.9 Minority Rights0.0 Net Earnings to Shareholders2.55.9-58.5% EBITDA3.512.4-71.9%

4. Consolidated Balance Sheet 4 amounts in € m9/20056/20053/200512/2004 Fixed Assets147.5144.6142.0139.9 Inventory30.248.731.888.9 Receivables214.9196.4235.4199.7 Other Assets71.657.029.30.0 Cash & Equivalent30.535.735.2 Total Assets494.7482.4473.7463.7 Long-Term Liabilities5.1 Suppliers & Other Liabilities155.1165.9166.9212.7 Short-Term Debt156.0135.4114.465.0 Shareholder Funds178.5176.0187.3180.9 Total Liabilities494.7482.4473.7463.7 Net Debt125.599.779.229.8

5. Consolidated Cash Flow – 9M 5 amounts in € m20052004 Pre Tax Earnings18.535.7 Depreciation7.110.8 Provisions-0.1-0.3 Financial Results4.32.1 Other Items-0.10.0 Change in Working Capital-92.3-95.8 Operating Cash Flow-62.6-47.6 Investment Cash Flow-14.2-5.5 Financing Cash Flow72.137.6 Total Cash Flow-4.7-15.4 Cash –at start of period35.254.6 Cash –at end of period30.539.2

6. Consolidated Cash Flow – 3 rd Quarter 6 amounts in € m20052004 Pre Tax Earnings3.111.5 Depreciation2.31.7 Provisions0.0-0.1 Financial Results1.90.9 Other Items0.10.0 Change in Working Capital-20.3-28.4 Operating Cash Flow-13.0-14.3 Investment Cash Flow-5.2-2.3 Financing Cash Flow13.024.1 Total Cash Flow-5.27.5 Cash –at start of period35.712.3 Cash –at end of period30.519.8

7. Breakdown of Change in Net Debt 7 amounts in € m9/20056/20053/200512/2004 Net Debt -125.5-99.7-79.2-29.8 Change in total Net Debt since 31/12/2004 -95.7-69.9-49.4 Clients-15.23.3-35.7 Construction Contracts & Work in Progress -12.8-16.827.8 Fixed Assets-7.5-5.1-1.4 Investments in Associates-6.7-4.0-3.2 Other Items4.1-0.58.8 Suppliers-44.6-37.0-36.8 Income Tax-12.9-9.8-9.0 -95.7-69.9-49.4

8. INVESTING IN THE FUTURE Investor Relations Officer Angelos Kiosklis 9 Frangokklisias St, 151 25, Marousi, Greece tel +30-210-6185592 fax +30-210-6185698 email akiosklis@jp-avax.gr