Within the framework of the release of HELLENIC FABRICS S.A. GroupΆs financial statements for 2013, and in accordance to paragraph 4.1.4.4. of ATHEX Regulation, the GroupΆs management announces the following:

 ATHEX Board of Directors in its meeting of 24.11.2011 decided the transfer of the companyΆs shares to the “Under Supervision Category”, effective from Friday, 25.11.2011, based on the fact that the companyΆs annual financial report of 31.12.2010 reported losses in excess of 30% of its net value.

 Also ATHEX Board of Directors, decided in its meeting of 01/04/2014 the temporary suspension of the trading of the shares of the Company, due to the fact that the Company did not publish its financial statements within the appropriate deadlines. The temporary suspension of the trading of the shares is still active and will be lifted when the Stock Exchange Commission realizes the ending of the above mentioned violation. 

 In the time elapsed between the decision of the shares transfer to the “Under Supervision Category” and the publication of the financial statements of 2013, it has not been possible to satisfy the necessary and sufficient terms and conditions laid down in the regulation of the Athens Stock Exchange in order to request the exit of the shares from the supervision category.

 The company's financial results were affected during the period of 2013, in addition to the negative Greek and International economic trends, also by the impact of the natural disaster that struck Pella on 25.02.2013, where the GroupΆs factory of denim fabric production is located, as the factory facilities were flooded, leading to significant losses both in machinery, equipment and commodities. Since then the Management has decided to keep the plant closed until sufficient conditions are created for its proper operation.

 Main concern of the GroupΆs Management remains the implementation of actions aiming at the best possible utilization of all business units of the Group, while it is in constant contact and negotiations with the banks in order to maintain support for refinancing and loansΆ restructuring. These efforts, appear to have considerable hope of success, and are expected to reach a final agreement soon.

 The above financial statements together with the Figures and Information for the nine-month period of 2013 are posted on the Athens Stock Exchange (www.helex.gr) and companyΆs websites (www.hellenicfabrics.gr).