DAILY COMMENT THURSDAY 19 JULY 2007 M MA ARRK KEETT CCO OM MM MEEN NTT The General Index closed higher at yesterday’s session by 0.34% at 5,086.92, although International Markets marked losses. Volume reached €474M. Investors’ interest returned to the banking sector. CCO ORRPPO ORRA ATTEE N NEEW WSS TITAN CEMENT [TITK GA: €41.50 +1.77%] Titan received approval from Albania’s Government to build a $200M plant in Tirana. AS COMPANY [ASCO GA: €2.40 +3%] AS Company considers issuing a bond in order to finance its investment plans and especially its expansion into new markets. LAVIPHARM [LAVI GA: €5.56 -2.46%] Lavipharm expects to boost sales and profit after starting to sell a new pain patch product in the USA in the second half of this year. LAMDA DEVELOPMENT [LAMDA GA: €15.34 +0.26%] Lamda Development unveiled plans to open a new shopping mall at the facility that hosted the IBC during the Athens 2004 Olympic Games. The new mall will be called Golden Hall. M. Theofanopoulos mvt@merit.gr, V.Karapanou vak@merit.gr, K. Glikas kng@merit.gr, M. Fragopoulos mif@merit.gr, I. Kagianni iek@merit.gr, C. Samothrakis cas@merit.gr This report has been issued by MERIT Securities SA and may not be reproduced in any manner or provided to any other persons. Each person that receives a copy by acceptance thereof represents and agrees that it will not distribute or provide it to any other person. The information contained herein has been obtained from sources believed to be reliable but MERIT Securities SA has not verified it. The opinions expressed herein may not necessarily coincide with those of any member of MERIT Securities SA. No presentation or warranty (express or implied) is made as to the accuracy, completeness, correctness, and timeliness of fairness of the information or opinions herein, all of which are subject to change without notice. No responsibility or liability whatsoever or howsoever arising is accepted in relation to the contents here of by MERIT Securities SA or any of its directors, officers or employees. This report is not an offer to buy or to sell or a solicitation of an offer to buy or sell securities mentioned herein. MERIT Securities SA and others associated with it may have positions in, and may effect transactions in securities of companies mentioned herein. The investment discussed in this report may be unsuitable for investors, depending on their specific investment objectives and financial position. MERIT SECURITIES S.A 2-4 Sina st., 106 72 Athens, Tel:+30 210 36 71 800, fax: +30 210 36 71 830, e-mail: analysis@merit.gr, web: www.merit.gr, Bloomberg: MRIT<GO> M MA ACCRRO OEECCO ON NO OM MIICCSS USA Consumer Price Index for June at 0.2% Prior: 0.7% Estimate: 0.1% USA Housing Starts for June at 1467K Prior: 1474K Estimate: 1450K EUROPE Trade Balance for May at 1.7B Prior: 1.8B Estimate: 2.2B ECONOMIC NEWS USA 15:30ÆInitial Jobless Claims for July 15 Prior: 308K Estimate: 311K USA 17:00ÆLeading Indicators for June Prior: 0.3% Estimate: -0.1% M. Theofanopoulos mvt@merit.gr, V.Karapanou vak@merit.gr, K. Glikas kng@merit.gr, M. Fragopoulos mif@merit.gr, I. Kagianni iek@merit.gr, C. Samothrakis cas@merit.gr This report has been issued by MERIT Securities SA and may not be reproduced in any manner or provided to any other persons. Each person that receives a copy by acceptance thereof represents and agrees that it will not distribute or provide it to any other person. The information contained herein has been obtained from sources believed to be reliable but MERIT Securities SA has not verified it. The opinions expressed herein may not necessarily coincide with those of any member of MERIT Securities SA. No presentation or warranty (express or implied) is made as to the accuracy, completeness, correctness, and timeliness of fairness of the information or opinions herein, all of which are subject to change without notice. No responsibility or liability whatsoever or howsoever arising is accepted in relation to the contents here of by MERIT Securities SA or any of its directors, officers or employees. This report is not an offer to buy or to sell or a solicitation of an offer to buy or sell securities mentioned herein. MERIT Securities SA and others associated with it may have positions in, and may effect transactions in securities of companies mentioned herein. The investment discussed in this report may be unsuitable for investors, depending on their specific investment objectives and financial position. MERIT SECURITIES S.A 2-4 Sina st., 106 72 Athens, Tel:+30 210 36 71 800, fax: +30 210 36 71 830, e-mail: analysis@merit.gr, web: www.merit.gr, Bloomberg: MRIT<GO>