PRESS RELEASE

INTERIM FINANCIAL REPORT

For the period from July 1^st, 2014 to September 30^th, 2014

HSI S.A. Board of Directors during its meeting on Monday, November 24^th, 2014 gave its approval for the interim financial report of HSI S.A and of the Group covering the period from 07/01/2014 to 09/30/2014.

According to the approved financial statements the Company's turnover amounted to € 23,052.09 thousand presenting a decrease of 31.41% as compared to the previous period. The Group's Turnover (including the subsidiary companies of Serbia) reached € 45,042.33 thousand presenting a decrease of 8.66% as compared to the previous period. In this reduction of turnover (compared with the respective period of the previous financial year), contributed in particular the decrease in sales, as a result of the new conditions of competition and the collapse of sugar price in the domestic market. In addition, the above price reduction has affected negatively the valuation of inventories, thereby leading to temporally negative gross operating results for the company.

Therefore, the Company's gross profit margin reached -10.52% compared to -2.69% of the previous period. Respectively, Group's gross profit margin reached -1.81% compared to 6.96% at the previous period.

Earnings/Losses before interest, tax, investment results and depreciation (EBITDA) of the Company reached € -2,577.08 thousand from € -2,440.47 thousand at the previous period. Earnings/Losses before interest, tax, investment results and depreciation (EBITDA) of the Group reached € -2,692.78 thousand as compared to € 290.34 thousand of the previous period.

Earnings/Losses before tax for the Company reached € -6,377.25 thousand from Earnings/Losses before tax € -6,203.03 thousand at the previous period. Consolidated Earnings/Losses before tax reached € -7,381.63 thousand from Earnings/Losses before tax € -4,603.93 thousand at the previous period.

Net Profits after tax for the Company reached € -6,245.60 thousand from € -6,079.70 thousand at the previous period. Net Consolidated Profits after tax reached € -7,630.61 thousand from € -5,091.28 thousand at the previous period.

The company operates in a highly competitive and unfavorable financial environment; therefore its restructuring and adaptation to new, difficult market conditions were absolutely necessary.

Achievement of the objectives of specific restructuring actions, as provided in the company's approved feasibility study that presented in the notes of the financial statements, as well as the stabilization and improvement in sugar price found in historically lower points of the market, is estimated that it will lead to the recovery of the company in the future.

The interim financial report for the period from July 1^st, 2014 to September 30^th, 2014 is listed on the webpage of the company www.ebz.gr as well as the webpage of the Athens Stock Exchange www.helex.gr.