PRESS RELEASE

SALES OF THE EQUITY STAKE IN CYSCO S.A.

 In the context of its portfolio restructuring strategy, INFORMER S.A. sold its participation to CYSCO S.A.. INFORMER S.A. participated previously with 80% in CYSCO

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INFORMER Group earnings surge 33%

INFORMER Group demonstrated an increase of 33.2% in profit before taxes for the 1st half 2003 as compared to the corresponding period last year (EUR 2.28 million

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Termination of cooperation with Temenos

Temenos has expressed its intention to discontinue its cooperation with Informer in relation with the distribution of the “Globus” software in Greece and Cyprus.

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Decisions of the Annual Shareholders Meeting

On 06/30/2003, INFORMER S.A.’s Annual Shareholders’ Meeting approved the annual financial statements as of 12/31/2002 as well as the consolidated financial

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New projects for SYSCO S.A., member of Informer Group

SYSCO S.A., subsidiary company of Informer Group, continues the successful installations of it’s Hospitality & Restaurant Solutions H.I.S. EPITOME Front Office for

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SHARES BUY BACK THROUGH STOCK EXCHANGE

According to the article 16 of Law 2190/1920, as it is currently effective, and the decision of the General Assembly of the share holders of the company, held on for

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CONTACT

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INFORMER S.A.

Autokrat. Nikolaou & Suggrou

128 - 17671 Athens

Contact

Tel.+30 210 900 9200