2^nd Reiterative Extraordinary General Meeting Decisions

of the Shareholders of “AVENIR LEISURE & ENTERTAINMENT INFORMATICS S.A”.

Corporations Register No. (ΑΡΜΑΕ): 18302/06/Β/88/35

09.01.2012

In accordance with the ATHENS STOCK EXCHANGE regulations, we announce that the 2^nd Reiterative Extraordinary General Meeting of shareholders of ‘AVENIR LEISURE & ENTERTAINMENT INFORMATICS S.A' (discreetly as “AVENIR S.A”) was held at 13:30 hours on Monday 9^th January 2012 in the company's registered offices in : 5 Koumpari Str, Kolonaki, Athens 10674. Discussions included all issues of the daily agenda and thirteen (13) shareholders attended the meeting. Shareholders attended the meeting either in person or represented by their proxies, representing 71.675.169 shares out of total 105.423.498 scilicet 67.99% of share capital. The quorum required by the law on the 2^nd Reiterative Extraordinary General Meeting was established and allowed the decisions of all issues of the daily agenda.

In particular, on the 2^nd Reiterative Extraordinary General Meeting decisions on issues of the daily agenda were as following.

1. Authorization of the Board of Directors for the issuance of Convertible Bond Loan (thereinafter 'CBL') with abolishment of the preference right of old shareholders of the Company, according to the provisions of Law.3156/2003, articles 3a combined with article 13 paragraph 1 (b) and 13 paragraph 10 of Law 2190/1920 as well as article 8, paragraph 3 of the memorandum of association.

Decisions on this issue were made upon legal voting procedures, counting 39.110.473 valid votes, equivalent to 37.10% of share capital; videlicet 54.57% majority of attendees and represented shareholders with the right to vote in the present General Meeting. Therefore, they approved Authorization of the Board of Directors for the issuance of Convertible Bond Loan (thereinafter 'CBL') with abolishment of the preference right of old shareholders of the Company, according to the provisions of Law.3156/2003, articles 3a combined with article 13 paragraph 1 (b) and 13 paragraph 10 of Law 2190/1920 as well as article 8, paragraph 3 of the memorandum of association.

2. Authorization of the Board of Directors for the determination of the specific issuance and placement Conditions of the Convertible Bond Loan.

Decisions on this issue were made upon legal voting procedures, counting 39.110.473 valid votes, equivalent to 37.10% of share capital; videlicet 54.57%, majority of attendees and represented shareholders with the right to vote in the present General Meeting. Therefore, they approved Authorization of the Board of Directors for the determination of the specific issuance and placement Conditions of the Convertible Bond Loan.

Athens, 09-01-2012