Completion of a comprehensive project for the conversion of the financial statements as of 31/12/007 (first application) based on IAS/IFRS in the “BIOIATRIKI” Group

Undertaking a comprehensive project for the conversion of the financial statements as of 31/12/007 (first application) based on IAS/IFRS in the “BIOIATRIKI” Group, which includes:

a) detailed seminars on IAS/IFRS topics for a group of 10-15 people from the accounting departments

b) conversion of the financial statements as of 31/12/2007 (first application) according to IAS/IFRS for the parent company and the Group

c) design and analysis of MIS reports according to IAS/IFRS

The implementation of the conversion project is expected by February 2008 at the latest.