ANNOUNCEMENT

APPROVAL BY THE CAPITAL MARKET COMMISSION OF THE APPLICATION SUBMITTED BY THE COMPANY “LAFARGE CEMENTOS SAU” REGARDING THE EXERCISE OF THE SQUEEZE-OUT RIGHT FOR THE ACQUISITION OF THE ORDINARY SHARES OF THE COMPANY “HERACLES GENERAL CEMENT CO”

The company “LAFARGE CEMENTOS SAU” (hereinafter, “Lafarge Cementos”) hereby announces the following:

1. By virtue of its resolution dated 751/24.02.2016, the Board of Directors of the Capital Market Commission:

(a) approved the application of Lafarge Cementos regarding the exercise of the squeeze-out right for the acquisition of the ordinary shares of the company “HERACLES GENERAL CEMENT CO” (hereinafter, the “Company”), in accordance with Article 27 paragraph 6 (first section) of Law 3461/2006 and Article 2 of decision of the Capital Market Commission no. 1/644/22.4.2013 “Exercise of the squeeze-out right following completion of the tender offer process in accordance with Article 27 of Law 3461/2006” and

(b) determined 10 March 2016 as the last trading date (suspension of trading) of the shares of the Company.

2. Pursuant to the provisions of the decision of the Capital Market Commission no. 1/644/22.4.2013, Lafarge Cementos shall undertake to pay a consideration in cash amounting to EUR 1.23 per share to:

(a) the Hellenic Central Securities Depository (hereinafter, “ATHEXCSD”), in order for the latter to credit the respective clearing accounts of the operators, for those beneficiaries that have provided their respective operators with relevant authorization to collect the corresponding amounts, and

(b) the Consignment Deposits and Loans Fund (hereinafter, “CLF”) in favor of those beneficiaries that have not provided their beneficiaries with relevant authorization, the holders of securities that remain in accounts of operators under special liquidation and the beneficiaries of any rights in the securities of the Company which are pledged or otherwise under a liens or have been subject to a seizure.

3. The payment of the above consideration will be effected within three (3) business days following the completion of the transactions which will be entered into on the last trading date of the shares of the Company.

It is noted that the relevant tax on stock exchange transactions, which today equals to 0.20% on the value of the off-exchange transaction for the transfer of the shares to Lafarge Cementos, will be deducted from the payable consideration.

It is also noted that Lafarge Cementos shall undertake to pay, in accordance with Article 5 paragraph 3 of the decision of the Capital Market Commission no. 1/644/22.4.2013 any commissions, rights and expenses of the ATHEXCSD and the CLF.