ANDREAS NEOCLEOUS & CO HAS TAKEN ON TWO NEW PARTNERS

August 7, 2000

Andreas Neocleous & Co is pleased to announce that Mr Lefkios Tsikkinis and Mr Christos Melides have been made partners with effect from 1 August 2000. This will take the firm`s number of partners to eight out of the total 40 qualified lawyers employed by the Firm.

Mr Tsikkinis* graduated from Athens University in 1964 and was admitted to the Cyprus Bar in 1968. His main practice areas are General Commercial and Civil Litigation, Foreign Investments in Cyprus, Conveyancing and Immovable Property Matters, Wills, Successions and Probates. Mr Tsikkinis heads the Real Estate Department of the Firm.

Mr Melides* is also a graduate of Athens University and was admitted to the Cyprus Bar in 1981. He specialises in Administrative Law, General Commercial Litigation, and Family Law. Mr Melides leads Team Four of the Firm`s Litigation Department which deals with matters relating to Land Law, Family Law and Torts.

The two new partners bring with them established practices, knowledge and experience, and will be a valuable addition to the successful team of lawyers of Andreas Neocleous & Co.

* Please see Firm Members for further information.