Athens, June 24 2014

SIDENOR HOLDINGS S.A. 

ANNOUNCEMENT

CHANGE IN THE COMPOSITION OF THE COMPANY'S BOARD OF DIRECTORS

Following the provisions of 2 par 2 (e) of the Resolution of the Board of Directors of the Capital Markets Commission 3/347/12.07/2005 and the stock exchange legislation, SIDENOR HOLDINGS S.A. (ex SIDENOR STEEL PRODUCTS MANUFACTURING COMPANY S.A.) notifies that, following a pertinent resolution of the company's Board of Directors, dated 24/6/2014, Mr. Stavros Theodoropoulos, was elected as a new, executive member of the Board of Directors, to substitute mr. Vasileios Papantoniou.

Thus, the new composition of the Board of Directors is the following:

1. Georgios Kalfarentzos, Chairman of BoD - Executive member
2. Nikolaos Koudounis, Vice-chairman of BoD - Executive member
3. Nikolaos Mariou, Member of BoD - Executive member
4. George Soulitzis, Member of BoD - Non-executive member
5. Stavros Theodoropoulos, Member of BoD - Executive member
6. George Passas, Member of BoD – Non Executive member
7. Ioannis Ikonomou, Member of BoD - Non-executive member
8. Andreas Kyriazis, Member of BoD - Non-executive and independent member
9. Efstathios Strimber, Member of BoD - Non-executive and independent member