S&B Industrial Minerals S.A. (the Company), pursuant to article 27 par.3 of L.3556/2007, as it stands in effect, and decision 1/434/3.7.2007 (article 11) of the Hellenic Capital Market Commission, announces that Mrs. Aikaterini P. Kyriacopoulos, Mr. Ulysses P. Kyriakopoulos, Chairman of the Board and Ms. Flora Maria P. Kyriacopoulos, non-executive member of the Board, notified us on 5 March 2012 of the below changes of their voting rights in S&B Industrial Minerals S.A. The changes arise from usufruct agreements signed on 29 February 2012 (the transaction) for the waiver of voting rights by Mrs Aikaterini P. Kyriacopoulos on 3,960,000 shares, as follows:

1. The voting rights of Mrs. Aikaterini P. Kyriacopoulos changed by more than 3% from 23,152,041 or 45.30% (21.74% directly and 23.56% indirectly) of the share capital before the transaction, to 19,192,041 or 37.55% (21.74% directly and 15.81% indirectly) of the share capital, while the number of shares remained unchanged at 11,109,753 representing 21.74% of the Company's share capital
2. The voting rights of Mr. Ulysses P. Kyriacopoulos changed by more than 3% from 3,132,067 or 6.13% of the share capital before the transaction, to 5,112,067 or 10.0020% of the share capital, while the number of shares remained unchanged at 9,153,211 representing 17.91% of the Company's share capital
3. The voting rights of Ms. Flora Maria P. Kyriacopoulos changed by more than 3% from 3,970,474 or 7.77% of the share capital before the transaction, to 5,950,474 or 11.64% of the share capital, while the number of shares remained unchanged at 9,991,618 representing 19.55% of the Company's share capital.