Athens, Friday July 10, 2015

SIDENOR HOLDINGS S.A. 

ANNOUNCEMENT

In accordance with the common draft of the Cross Border Merger Terms published on the website of Sidenor Holdings S.A. (hereinafter the “Company”), the shareholders of the Company have been provided with a right of election with regard to the whole number of the new shares that will arise, as a result of the cross-border merger of the Company with Viohalco S.A., in the latter company. Namely the Company's shareholders have been provided with the right to elect, by submitting a special form of declaration to the Company, to receive their new shares in Viohalco S.A. through a custodian other than the Hellenic Central Securities Depository S.A. (hereinafter the “AthexCSD”). The Company advices its shareholders that, as of the date of this announcement, the above mentioned election form for the declaration of the relevant election right by the shareholders has been published on the Company's and on Viohalco's websites (www.sidenor.gr, www.viohalco.com).  The period for exercising the election right has been set as starting from 10.07.2015 and expiring on 20.07.2015.

                The timeline of actions to be followed for the completion of the Cross Border Merger and the delivery of the new shares of Viohalco S.A. to the Company's shareholders, follows in the table below:

                The Company notes that the above mentioned dates are only indicative and may be amended based on external circumstances.