THE CHAIRMAN OF LAVIPHARM DR. ATHANASE GUEST OF THEIR ROYAL HIGHNESSES

Belgrade 4 December 2002. Their Royal Highnesses Crown Prince Aleksandar II and Crown Princess Katherine will be hosting an important dinner in honour of Dr. Thanasis Lavidas and Mrs. Vana Lavidas this evening at The Royal Palace in Dedinje.

Dr. Athanase Lavidas is the Chairman and Chief Executive Officer of the Lavipharm Group, which is the largest integrated group of companies that develops, manufactures, markets and distributes pharmaceutical, cosmetic and consumer health products in Greece and internationally.

Dr. Athanase Lavidas is the Chairman of the Hellenic Entrepreneurs Association (E.EN.E.). He is also Chairman of the Greece-United States Business Council, which was created in 1995 to strengthen the business ties between the two countries and promote common projects in the area of South-eastern Europe.

Lavipharm SA the mother company was established in 1911 and is quoted on the Athens Stock Exchange since November 1995. With operations throughout Greece, France, Cyprus and the United States of America and cooperation with well-known international pharmaceutical and cosmetic companies, Lavipharm is in a position to offer products deriving from its own research as well as high level services to the pharmaceutical industry, pharmacists and consumers. Its ultimate goal is the improvement of the quality of human life.

Their Royal Highnesses also invited for this occasion: Premier Mr. Zoran DJindjic, Vice president Mr. Miroljub Labus, Minister Mr. Aleksandar Vlahovic, Minister Mr. Goran Pitic, Minister Mr. Božidar DJelic, Minister Mr. Tomica Milosavljevic, Minister Mr. Slobodan Milosavljevic, Governer Mr. Mladjen Dinkic and General Manager of Hemopharm Mr. Miodrag Babic.

Topics that will be discussed during this private dinner and tommorrow will be the opportunities for investment in our country.