In the context of the annual regular briefing of ELVAL to the Hellenic Fund and Asset Management Association, ELVAL Group was presented thereto this day, Monday, 5^th May 2014. During the presentation, an overview of the performance, production facilities and products was given and was followed by an analysis of the results of 2013.

ELVAL operates continuously since 1973 in the sectors of rolled and extruded aluminum products, producing products for food packaging, automotive and transportation, construction industry, etc. Since its establishment ELVAL Group increases its sales volume having reached 330 thousand tones in 2013, the same approximately level as in 2012.

The consolidated turnover fell by 5.2% at € 1,008 million, due to a decrease in the international price of aluminum in London Metal Exchange (LME), but gross profits rose by 1.33% and amounted to € 82.1 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 74.2 million compared to € 80.5 million and earnings before tax stood at € 15.5 million compared to € 22.9 million.

Note that impairment on inventories due to the drop in aluminium price and a non-recurring impairment on fixed assets in the extrusion sector, as well as deferred tax, due to the recalculation in the tax rate and the tax provision for tax-free reserves (Law 4172/2013), were charged in profit or loss, and, finally, earnings after taxes and non-controlling interest fell to € 365 thousand from € 21.9 million (earnings per share € 0.003 compared to € 0.176).

In the modern production facilities at Oinofyta, Magoula, United Kingdom and Bulgaria significant amounts have been invested in the last ten years, to improve the products and increase production capacity leading to a consistent volume growth. Following this investing strategy and during 2013 an amount of € 69 million was spent for the Group's investment plan concerning especially the plants in Oinofyta and the United Kingdom, in which, an investment program of a total value of £41 million is in process aiming to double the company's current capacity.

Despite the high investing outflows, the Group's net borrowing fell to € 208 million, due to strong operating inflows, while during 2013 loan liabilities was refinanced.

For the year 2014, having completed the previous investment plan in Oinofyta plant, and having the perspective of decreasing the energy cost, the Group will gradually take advantage of the increased capacity more efficiently. In the extrusion sector, a product mix alternate is in progress, emphasizing in the industrial profile and mostly towards the automotive industry. Finally due to Group reorganization the announced absorption of ETEM by ELVAL expected to be concluded on the 3d Quarter of 2014.

Note: The presentation has been uploaded on the Company's website: www.elval.gr and the website of Athens Stock Exchange: www.helex.gr