PC SYSTEMS S.A.

Announcement

May 28, 2004 PC SYSTEMS' Q1 2004 performance is characterized with strong growth rates and significant increase in financial results. More specifically, in Q1 2004 total turnover came at 9.9 mil. euros up 30% from 7.6 mil. euros last year's corresponding period. Also, the company posted a significant profitability increase for Q1 2004, as profits increased 93% from 58.4 thousand euros in Q1 2003 to 112.7 thousands euros in Q1 2004. PC SYSTEMS Group consolidated financial results for the Q1 2004 are also significantly improved. Consolidated turnover increased 19.8% from lasts year's corresponding period, while the Group's consolidated profits increased by 35.22% over the same period. Q1 2004 is highlighted from PC SYSTEMS strong presence in the most important IT projects implemented in Greece, both in the Private and the Public sector. The company's participation in the Consortium for Olympic Information Technology Projects - KOEP (regarding the infrastructure of ATHENS 2004) and in SAIC Joint-Venture (regarding the Olympic Games security), as well as the implementation of projects in the Educational and Academic sector during the Q1 2004, are the main reasons for the increased financial results. Besides the above mentioned projects, consistent with its corporate plan to develop strategic partnerships, the company was certified by Fujitsu-Siemens as a Corporate Reseller for Greece and expanded its cooperation with Microsoft. Under this cooperation agreement, PC SYSTEMS is a Microsoft Certified Business Solutions Partner assuming the tasks for the promotion, distribution, development and implementation of Microsoft's business management software, Microsoft Business Solutions- Navision. PC SYSTEMS constitutes the basic unit of Pouliadis Group in Systems Integration area. The company's core activities are focused on the design, distribution, support, training and maintenance of information systems, the provision of advanced technology services to the information technology and telecommunications sectors, on the systems integration and the business software production.