The company ELVAL S.A. announces that, on Tuesday, 27 May 2014 and 10:00 a.m., its shareholders assembled at the Annual General Shareholders Meeting at the PRESIDENT hotel in Athens. Twenty one (21) shareholders were present, owners of 93,056,703 shares of total 124,100,815 shares, namely the 74.98%.

On the topics of the General Meeting the shareholders decided the following:

1. The approval of the annual financial statements of fiscal year 2013, with the relevant reports of the Board of Directors and Auditors. (Votes: 93,056,703 (i.e. 100% of attending votes), votes for 93,056,703 (i.e. 100% of attending votes)).

2. The discharge of the members of the Board of Directors and Auditors from every compensation liability for the fiscal year 2013. (Votes: 93,056,703 (i.e. 100% of attending votes), votes for 93,056,703 (i.e. 100% of attending votes)).

3. The election as independent auditors for the fiscal year 2014 the auditing company of KPMG CERTIFIED AUDITORS A.E., according to their offer. (Votes: 93,056,703 (i.e. 100% of attending votes), votes for 93,016,631 (i.e. 99.96% of attending votes), votes against 31,974 (i.e. 0.03% of attending votes), absence 8,098 (i.e. 0.01% of attending votes)).

4. The election as a new Board of Directors of the company for a term of one (1) year the following: (1) MILTIADIS LIDORIKIS (2) DIMITRIOS KYRIAKOPOULOS, (3) MICHAEL STASINOPOULOS, (4) KONSTANTINOS KATSAROS, (5) NIKOLAOS KOUDOUNIS, (6) LAMBROS VAROUCHAS (7) ANDREAS KYRIAZIS, independent member, (8) KONSTANTINOS BAKOURIS, (9) ABRAHAM MEYIR, (10) KONSTANTINOS KOUKLELIS, (11) GERARD DECOSTER, independent member, (Votes: 93,056,703 (i.e. 100% of attending votes), votes for 93,056,703 (i.e. 100% of attending votes)).

5. The election of the following Audit Committee members, according to Article 37 of the Law No 3693/2008: (1) ANDREAS KYRIAZIS, non-executive, independent member (2) ABRAHAM MEYIR, (3) KONSTANTINOS KOUKLELIS. (Votes: 93,056,703 (i.e. 100% of attending votes), votes for 93,056,703 (i.e. 100% of attending votes)).

6. The approval of the remuneration of members of the Board of Directors in accordance with article 24 par. 2 of the Law No 2190/1920. (Votes: 93,056,703 (i.e. 100% of attending votes), votes for 93,056,703 (i.e. 100% of attending votes)).

7. To block taxed retained earnings to cover own participation in investments for untaxed reserves of Law 3299/2004. (Votes: 93,056,703 (i.e. 100% of attending votes), votes for 93,056,703 (i.e. 100% of attending votes)).

8. The distribution of tax-free reserves of the Company in accordance with Article 72 of Law 4172/2013. (Votes: 93,056,703 (i.e. 100% of attending votes), votes for 93,056,703 (i.e. 100% of attending votes)).

9. The Expansion of the Company's object and amendment of art.4 of its by-laws'. (Votes: 93,056,703 (i.e. 100% of attending votes), votes for 93,056,703 (i.e. 100% of attending votes)).

10. There were no other announcements.