S&B Milos installations certified as per ISO 14001

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The installations of Silver & Baryte Ores Mining Co. S.A. on the island of Milos, were certified as per ISO 14001 International Standard for the implementation of an environmental management system, following the completion of the relevant audit procedures. This certification relates to the Environmental Management System for the Bentonite, Perlite, Baryte and Kaolin mines, as well as for the processing and loading installations.

The company received the ISO 14001 certificate from the certification body TÜV CERT, following the audit by the representative of TÜV Hellas on December 2001. The evaluation criteria focus on the company’s environmental policy regarding land reclamation, waste ma nagement, emissions measurements, as well as personnel training in issues of good environmental practice.

Four years of systematic efforts and significant improvements and adjustments in the company’s installations on Milos island were required by Silver & Baryte Ores Mining Co. S.A. in order to achieve the ISO 14001 certification. The company allocated –and continues to do so- significant investments and human resources to the development and continual improvement of the environmental performance of plants and facilities, health & safety conditions and related training of employees, energy and raw materials conservation and the implementation of environmentally friendly technologies.

It should be noted that the certification of the Milos installations as per ISO 14001 is a continuation of the Environmental Management System certification for the extraction and processing of Bauxite in the region of Fokida, in November 2000.

The environmental policy of Silver & Baryte Ores Mining Co. S.A. is based on concern and respect for the environment. The company has developed and implements environmental programs in the regions where it operates based on the minimization of environmental impact from the extraction activities, on the rational managementof natural resources and on the reduction of emissions.

Corporate Social Responsibility & Communication Athens,

April 1, 2002