SIGNIFICANT INCREASE IN TURNOVER THE FIRST QUARTER OF 2004

Specifically, sales of the parent company in the period of January - March amounted to 15.14 million Euros, against 12.62 million Euros in the first quarter of 2003, an increase of 20%.

At Group level, Kleemann presented, in the first quarter of the year 2004, an increase in turnover of 17.7%, with sales reaching 17.77 million Euros in the period in question, against 15.10 million Euros in period January - March 2003.

Furthermore, profitability, as regards both the parent company and at a consolidated base, is estimated to increase in the first quarter of the year 2004 as well.

Due to the financial progress of the company during the period of the current financial year so far and the positive results anticipated for the year as a whole, the management of Kleemann will recommend to the annual ordinary shareholders' general meeting the distribution of a dividend of 0.20 Euros per share from the profits of the financial year 2003.

Kleemann Hellas continues to implement steadily its established strategy and in the current financial year will make productive investments totaling 2.5-3 million Euros. Investment plans of the company include - primarily - the expansion of the facilities of the company in the Industrial Area of Kilkis, the completion of the distribution center in Athens, the purchase of mechanical equipment and investments in IT.

During the financial year 2003, Kleemann completed investments totaling approximately 1.00 million Euros, directed - primarily - to mechanical equipment, industrial facilities and the purchase of other technical equipment.

It should be noted that for the financial year 2004 consolidated sales are estimated by the management of Kleemann to amount to 72.50 million Euros (an increase of approximately 11% compared to 2003), and net profits before taxes to 8.30 million Euros (an increase of 3%). For the parent company, sales are estimated to amount to 63 million Euros (an increase of 12.5% compared to 2003) and net profits before taxes to exceed 7 million Euros (an increase of 5% compared to 2003).

Industrial Area of Kilkis 14 of April 2004