Athens, Friday, May 22 2015

 SIDENOR HOLDINGS S.A. 

ANNOUNCEMENT

RESOLUTIONS OF THE

ANNUAL ORDINARY GENERAL SHAREHOLDERS MEETING

SIDENOR Holdings S.A. announces the following: On Friday May 22, 2015 at 10:00 am the Company's Annual Ordinary General Shareholders Meeting was held at the PRESIDENT hotel, Kifissias Avenue 43 Athens. There were 11 shareholders present who represented 74,410,628 shares of the total 96,243,908 company outstanding shares thus a 77.31% quorum and the General Meeting took decisions on the following items of the Daily Agenda:

1.            Approval of the annual financial statements for the Company's financial year 2014 and the reports of the Directors and the Certified Auditors on them. (Voted: 74,410,628 (100% of the represented share capital), votes pro 74,389,228, (thus 99.97% of the represented share capital), votes against 21,400 (thus 0.03% of the represented share capital).

2.            Approval of the discharge of the Members of the Board of Directors and the Certified Auditors from any responsibility for damages for the financial year 2014. (Voted: 74,410,628 (100% of the represented share capital), votes pro 74,389,228, (thus 99.97% of the represented share capital), votes against 21,400 (thus 0.03% of the represented share capital).

3.            The election as company's Certified Auditor for the fiscal year 2015 of the Audit Firm «PRICEWATERHOUSE COOPERS» and approval of its remuneration. (Voted: 74,410,628 (100% of the represented share capital), votes pro 73,677,042 (thus 99.01% of the represented share capital), votes against 733,586 (thus 0.99% of the represented share capital)).

4.            The ratification of the election of the temporary member mr. Stavros Theodoropoulos, as a replacement of the resigned member mr. Vasileios Papantoniou. (Voted: 74,410,628 (100% of the represented share capital), votes pro 74,410,628, (thus 100% of the represented share capital)).

5.            The election of the members of the new Board of Directors, as follows: George Kalfarentzos, Nikolaos Koudounis, Nikolaos Mariou, George Passas, Ioannis Oikonomou, Stavros Theodoropoulos, Georgios Soulitzis, Efstathios Striber, independent member, Andreas Kyriazis, independent member. (Voted: 74,410,628 (100% of the represented share capital), votes pro 74,410,628, (thus 100% of the represented share capital)).

6.            The appointment of the members of the Audit Committee according to art.37 of L3693/2008, as follows: Georgios Passas, Ioannis Oikonomou, Andreas Kyriazis, independent, non-executive member (Voted: 74,410,628 (100% of the represented share capital), votes pro 73,705,601 (thus 99.05% of the represented share capital), votes against 705.027 (thus 0.95% of the represented share capital).

7.            The approval according to article 24§2 of Codified Law 2190/1920 of the remuneration paid to members of the Board of Directors (Voted: 74,410,628 (100% of the represented share capital), votes pro 74,410,628, (thus 100% of the represented share capital)).