VARVARESSOS S.A.

Financial results for the 9-month period of 2014

VARVARESSOSS.A.turnover during the 9-month period of 2014 reached 12,42 million EURO compared to 14,33 million EURO in 2013. The company's exports came up to 8,33 million EURO which is 67,04% of the revenues. Losses before depreciation (EBITDA) have reached 1,30 million EURO contrary to profits 11,70 million EURO during the same period of 2013. Losses after taxes reached 2,27 million EURO compared to profits 10,22 million EURO in the 9-month period of 2013.

The aforementioned statements are posted at the company's website www.varvaressos.gr.