Kilkis, March 31, 2016

INCREASED TURNOVER FOR THE GROUP OF KLEEMANN FOR 2015

The twelve month period of 2015 closed with increased turnover for the Group of Kleemann compared to the corresponding last year period.

More specifically, the consolidated turnover for the twelve month period of 2015 amounted to Euro 107,1 mln from Euro 98,0 mln, increased by 9,3%, compared to 2014.

The Group's profit before tax for the twelve month period of 2015 amounted to Euro 4,8 mln from Euro 6,3 mln in 2014, while the Group's EBITDA amounted to Euro 7,8 mln from Euro 9,5 mln. The profit after tax and non-controlling interest amounted to Euro 2,8 mln from Euro 3,7 mln in the previous year. The profitability was aggravated mainly by, increased discounts to customers in order to offset both the intensifying pressure from the international market for more competitive prices, the negative international conjuncture in markets such as Turkey and Russia, which represent a significant part of the turnover, as well as the imposition of capital controls in July.

The Board of Directors at the Annual General Meeting, which will be held on May 17, 2016 does not intend to propose a dividend distribution.

Regarding growth, the Group in 2015 has proceeded, among other actions, in establishing new trading subsidiaries in Croatia and Germany, as well as in acquiring a trading company in Australia with the intent to strengthen its presence in these markets.

The Management expects that the Group in 2016 will maintain its healthy liquidity, while having as a key pillar the ongoing effort to expand its activities internationally and the penetration of markets which present growth prospects.