PRESS RELEASE

The financial results realized over the January · September 9 month period by the Agricultural Group Insurance Companies, Agricultural Insurance and Agricultural Life are especially satisfactory. More specifically:Agricultural Insurance Company achieved a production increase of 14%, thus surpassing 20 billion GRD as against 17,900 mil. GRD in the respective period last year. The Company's profits are expected to exceed the forecasted increase of 25%.Agricultural Life insurance company realized an increase of 16.3% in new individual periodic premium production, thus reaching 2,030 million GRD as against 1,775 million GRD over the same period last year. The company also obtained an 11.1% increase in new annualized production (2,910 million GRD, as compared to 2,620 million GRD) and a 6.4% rise of total premium production (13,050 million GRD as against 12,270 million GRD), while the increase in profits is estimated to be approximately 20%.The course of the financial figures of Agricultural Life is deemed to be especially successful, since the unfavorable conditions and incidents have affected negatively the production of almost all insurance companies in the life sector.The positive results of the tri-quarterly period are due to the selective product policy followed by the Company's Management in 1999, which protected both the Company's portfolio as well as their clients.The implementation of the two Companies' investment program continues to proceed steadily and its larger part is soon expected to be completed, including among others:·The establishment of a Company for the promotion of Banking and Insurance products via e-commerce. ·The autonomous promotion of Health programs. ·The operation of a mixed insurance Company in Romania. ·The operation of a Branch in Germany.

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