Takis Canellopoulos, Investor Relations Officer would like to invite you to participate in a conference call on Tuesday 29th May 2001, to present and discuss Titan's 2001 First Quarter results as well as recent developments.

The results will be announced after the market close on the same day.

The details are as follows:

TELECONFERENCE 29th May 2001

Time: 15:30 UK Time, 10:30 Eastern Standard Time, 17:30 Greek Time Tel: + 44 (0) 8700 559 383 or 0800 027 1111 (for European Participants) + 1 212 346 0300 or 800 530 8983 (for US Participants) Emergency backup number: + 44 (0) 141 626 0227

Chairperson: Takis Canellopoulos

Please call in 5/10 min prior to start of teleconference

The teleconference will last approximately 60 minutes. Following a short presentation, you will have the opportunity to ask questions.

If you are unable to participate, you will be unable to hear a recording of the conference for 48 hours.

Instant Replay Numbers: (Open 24 hours)

UK/Europe: Tel: + 44 (0) 141 566 8866 or 0800 027 0225 Client identity number: 565, Passcode: 159#

US: Tel: + 1 858 812 6440 or 800 633 8284 Reservation No.: 18816370#

VIEWING THE PRESS RELEASE

You will automatically be sent the press release. The documentation will also be available immediately after the announcement at the following location on Titan's web site: www.titan.gr

Takis Canellopoulos Investor Relations Officer