Tuesday,, 22 Decemberr 2009
BETA SECURITIES SA
Member of the Athens Stock Exchange

Market Comment
Greek Market ended 2.3% lower yesterday, with anemic traded volume
€114m. Banks shed 2.15%. ATEBank (+1.59%) and Alpha Bank
(+0.62%) were the only stocks to rise. NBG (-2.93% at 16.90 euro)
Piraeus Bank (-1.91%), Bank of Cyprus (-1.87%) Eurobank (-3.54%).
Titan (-2.80%), Mytilineos (-2.55%).
Investors interest today on US GDP.

Greek Macro
The Turnover Index in Industry (both domestic and non-domestic
market) in October 2009, as compared to October 2008, fell by 22.7%.
A year earlier, the annual rate of change was −0.8%.
The New Orders Index in Industry (both domestic and non-domestic
market) in October 2009,as compared to October 2008, fell by 27.5%. A
year earlier, the annual rate of change was −7.0%.

Corporate News
EEEK / Coca-Cola Hellenic Bottling Company announced the
successful closing of a new 3-year Revolving Credit Facility for an
amount of €500m with a syndicate of 12 banks. The new facility
replaces Coca-Cola Hellenic’s existing €600m Revolving Credit Facility
which was signed on August 1, 2005. The new facility can be used for
general corporate purposes.

ETE / According to the new CEO Apostolos Tamvakakis, a downgrade
by Moody’s would not affect the bank’s decision to fund the Greek
state. Also, funding from ECB will come down to €6 billion by end
2010.
HTO / Standard & Poor's Ratings Services said that it has revised its
outlook on the company to negative from stable. At the same time,
Standard & Poor's lowered its short-term corporate credit rating on OTE
to 'A-3' from 'A-2'. The 'BBB' long-term corporate credit rating was
affirmed.

MYTIL/ The company expects FY2009 turnover to reach €750m. Ebitda
is expected at €130m (€70m of which from Aluminium of Greece).

PPA / The company’s general meeting approved a new investment
program of €1 billion for the period 2010-2014.
Lambrakis Press / Media magnate Christos Lambrakis, publisher of two
leading Greek political newspapers and dozens of magazines, died of
heart failure at the age of 75.

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