Today, Friday, June 14^th, 2013, at the PRESIDENT Hotel, the Annual Ordinary Meeting of the Shareholders of HELLENIC CABLES S.A. took place. The company's management presented to the shareholders the financial results of the financial year 2012, the company's strategy as well as its objectives and prospects.

The turnover of HELLENIC CABLES Group amounted in 439 million Euros in 2012, increasing by 6% in comparison to 2011 (415 million Euros). Sales outsideGreeceincreased by 12% and constitute 75% of the consolidated turnover while sales in the domestic market decreased by 8% in comparison to 2011.

Consolidated earnings before taxes, financing and investment results and total depreciation (EBITDA) amounted to 10.7 million Euros, decreasing by 49% in comparison to 2011, while exploitation results (EBIT) of the Group amounted to 2.1 million Euros compared to 11.8 million Euros in 2011.

Group results decreased in comparison to 2011 due to reduced demand and increased competition in basic European markets, postponement of significant highly profitable orders and projects as well as due to the increased cost for FULGOR reorganization and improvement of its production procedures.

The Group continues to focus on increasing sales of products with high added value, such as subsea high voltage cables, while intensifying its efforts to increase sales in countries outside the European Union. In addition, it continues its unreduced efforts for decreasing production costs and improving working capital management.