Company Identity Company's History Perspectives Investments Administration Subsidiary Companies

Participations
The following table presents the companies in which the managing board members have more than 10% of capital stock.

Course of affairs since financial year end
After the terrorists attack in the USA, the word economy was seriously slowed down. As a result, much lower development rates are expected than the ones calculated before. This unfavorable universal business environment had also influenced TEXAPRET SA, which in the last months showed a decrease in sales and generally in the amount of orders coming mainly from the european markets. The company believes that the course of sales will improve during the next period and until the end of the present financial year.

Participation in SPORT TOMAS SA company.
In the framework of the already familiar goals of the company to enter the sector of wholesalers and retail trade of garments and footwear, the company decided to participate in the establishment of a new company under the brand name "SPORT TOMAS- COMPANY FOR PRODUCTION AND TRADE OF GARMENTS AND FOOTWEAR" (hereafter called "SPORT TOMAS SA") in common with the Northern Greek company Thomas SA and the german company Sport Hofman. The participation percentage of TEXAPRET in SPORT TOMAS SA comes up to 35%. SPORT TOMAS SA, situated in Pylea Thessaloniki and with Registration Number 4931/62/B/01/0150 was established in 28.6.2001. The scope of the company is, according to art. 5 of its charter:
1. Production and trading of ready to wear clothes and fabrics on account of the company or other companies.
2. Production and trading of wear and footwear
3. Trading of gymnastic instruments
4. Trading of athletic goods
5. Trading of toys
6. Import and export of all goods mentioned above
7. Representation and any kind of cooperation with greek firms with similar activities and products
8. Participation in existing or future companies with similar activities or not similar activities.
The company's duration is 90 years starting from 28.6.2001 until 28.6.2091.
Mr. Joseph Paul Karasso, shareholder and managing director of TEXAPRET SA was appointed Vice President of the Board of Directors of the new company.
The capital comes up to 100.521.250 GDR. (or 295.000 euro), divided into 295.000 shares with nominal value of 340.75 GDr or 1 euro each. In order to obtain a 35% participation in the company's capital, TEXAPRET paid a total price of 35.182.437 GDr. (103.250 euro).
Today the company is in its first financial year, which is bound to end in 31.12.2002.
According to the plan concerning the development of SPORT TOMAS SA, the company will take over the representation of various wear and footwear goods coming from Germany and the United States to the greek market.