PRESS RELEASE

Rilken S.A. closed the three quarters ending September 30, 2000 reaching Net Sales of 5,884 mil. GRD and Profits before taxes of 1,255 mil. GRD. Sales show a slight decrease of 4.4% (5,884 mil. GRD vs. 6,156 mil. GRD), mainly attributable to decreased export sales, as well as decreases related to selling the consumer products through the new subsidiary Schwarzkopf & Rilken Hellas (SRH) as of January 1, 2000. The business with hairdressers has shown a very positive development benefiting from the distribution of Schwarzkopf professional products.Profits before taxes show a remarkable increase of 257% (1,255 mil. GRD vs. 350 mil. GRD of the corresponding period of the previous year). The profit improvement is to a large extent (approx. 650 mil. GRD) due to one-time and extraordinary income. Operating Profit ? corrected for a one-time effect from selling inventories to the subsidiary SRH ? increased by 40 %. The improvement includes the benefits of the joint distribution activity with Henkel Hellas in the subsidiary SRH. Vs. 1-9/99 the company could reduce extraordinary expenses due to sound working capital management, which lead to lower bad debt and provisions for obsolete stocks. One-time extraordinary revenues were generated from insurance compensations and favorable exchange rate developments.The consolidated Sales of the Rilken Group show an increase of 66% (10,257 mil. GRD vs. 6,176 mil. GRD), while the consolidated Profits increased by 209% (992 mil. GRD vs. 321 mil. GRD) The substantial increase of the consolidated sales is related to the newly established distribution of the cosmetics products of Henkel Hellas by the affiliate company Schwarzkopf & Rilken Hellas (SRH), which is 51% owned by Rilken S.A. and therefore fully consolidated.Rilken S.A. is an Athens based manufacturer and marketer of Cosmetics, specialized in Hair Care products. The company is a member of the Henkel Group which is the majority shareholder of Rilken S.A via its subsidiary Henkel Hellas S.A. The financial statements of Rilken S.A. for the three quarters ending Seeptember 30, 2000, including the consolidated financial statements, are published on November 28, 2000.

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