EUROPEAN RELIANCE SA (the Company) announces that 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 Ms. Eleni Georgakopoulou, a person which is connected within the meaning of Law 3340/2005, with the CEO of the company European Reliance General Insurance SA, Mr. Christos Georgakopoulos, proceeded on 20/05/2016 to the purchase of 250.000 common shares of the Company, with a total amount of 350.000 euros.