SFS declares dividend

The Board of Directors of SFS Group Public Co. (SFS) approved the final audited consolidated financial statements of SFS Group for the year ended December 31, 2005 and is proposing a dividend of 0.1 cent to be paid to all shareholders.

Based on the current price of 10.2 cent on the CSE, the dividend yield amounts to 0.88%. The meeting also approved the Directors’ Report on Corporate Governance for 2005, which will be published on the Company’s website.

The record date for the payment of the dividend will be later than the AGM pursuant to relevant regulations, and will be set by the AGM. The Annual General Meeting will take place on June 2, 2006 at 6.00 pm at the Company’s registered office, 6 Theotoki, Ellinas Court, Ayios Antonios, Nicosia.

An Extraordinary General Meeting will take place on June 2, 2006 at 6.45 pm at the Company’s registered office to propose a resolution for the authorization of the Board of Directors to proceed with the issue and allocation of 27,765,178 ordinary shares of nominal value 10 cents each (up to 10% of the issued capital) for strategic cooperation or acquisition purposes, without these shares being offered to the existing shareholders of the Company. The members will no longer have preemption rights with relation to the issue and allocation of shares.