EUROPEAN RELIANCE S.A. (the Company) announces, pursuant to the provisions of Law. 3556/2007, L.3340 / 2005, Decision 1/434 / 03.07.2007, the Circular 33 and Decision 3/347 / 12.07.2005 of the Hellenic Capital Market Commission, that during the extraordinary meeting of the Board of Directors, which held on Friday 5^th February 2016, the board decided unanimously to elect Mr. Christoforos Poulios, as an temporary non-executive - independent member of the Board. The Board of Directors unanimously appointed Mr. Poulios as a member of the audit committee. Mr. Poulios is a graduate of Athens University of Economics and Business and has worked as a CFO and as an executive of Finance Divisions of the insurance industry for over 30 years.