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COURT CONTINUES FREEZE ON ASSETS OF LYCOURGOS KYPRIANOU.

Asia Africa Intelligence Wire

| August 01, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Asia Pulse)

(Full text of a statement. Contact details below)

NEW YORK, July 29 /PRNewswire-AsiaNet/ - Madame Justice Hadjiyianni of the Nicosia District Court continued the worldwide freeze Order, obtained by the Trustees of the AremisSoft Liquidating Trust, over the assets of Lycourgos Kyprianou and persons and companies affiliated with him. The Court also denied the efforts by Lycourgos Kyprianou and the other Defendants to overturn portions of the Order.

A day earlier, without notice to the attorneys for the AremisSoft Liquidating Trust, Lycourgos Kyprianou and the other Defendants sought to suspend portions of the Order requiring them to …

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