It is noted that the Company Kleemann Hellas SA had purchased the above company shares of "Leistritz Hydraulik GmbH" representing a share of 50,00% of its company capital, from "Leistritz AG" on the 15th of October 2001 and the value of these at the records of Kleemann Hellas SA according to the IFRS amount at 31/12/2005 to 635.687,00 Euros.

Furthermore, the intent of both companies "Kleemann Hellas SA" and "Leistritz AG" (buyer) to continue their co-operation in the future for their common benefit is stated in the signed contract. Accordingly, the commercial co-operation of Kleemann Hellas SA with Leistritz Hydraulik GmbH will also continue.

The above solution was chosen as the most advantageous for the company, since the company considers that there is not any prospect of a financial upturn and profitability of Leistritz Hydraulik GmbH that operates in an inflexible business and work environment.

The management of the company is convinced, that the exit from the loss-making investment will have beneficial results for the growth of the group, since it will stop financing the cash needs of Leistritz Hydraulik GmbH and hence the funds of the company will move towards new business initiatives for development.