SFAKIANAKIS S.A. announces that οn the Extraordinary General Meeting held on 14.11.2014, the required by the Law quorum and majority was gathered, it was attended in person or represented eight (8) shareholders representing 5,846,764 shares, out of a total of 7,914,480 shares (i.e. percentage of 73.87%), and decisions were made unanimously over the following items of the agenda:

1. The reduction of Company's share capital was approved by offsetting losses of amount € 17,411,856.00 by reducing the nominal value of each share from € 2.50 to € 0.30. So Company's new share capital will amount to € 2,374,344.00, divided into 7,914,480 shares with a nominal value of € 0.30 each.

2. The amendment of Article 5 of the Articles of Association was approved as well as its codification in a single text.