By virtue of G.E.MI.'s Announcement under protocol number K5-1383/11-04-2013, the amendment of the corporate name of “DUTY FREE SHOPS SOCIETE ANONYME FOR EXPLOITATION OF DUTY FREE SHOPS AND INDUSTRIAL, MANUFACTURING, TECHNICAL AND COMMERCIAL COMPANY S.A.” (trading as “FOLLI FOLLIE GROUP”) was approved into “FOLLI FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL COMPANY S.A.” (trading as “FOLLI FOLLIE GROUP”), further to the completion of the spinoff of the “Travel Retail” business of the above company and contribution thereof to its wholly subsidiary “DUTY PAID SHOPS S.A.”, in accordance to Notarial Deed 3006/27-03-2013 of the Notary Public of Athens Eleni Thomopoulou, to the business' financial statement of accounts dated 30-09-2012, to the report of the chartered auditors Mr. Panagiotis Vroustouris and Mr. Dimitrios Drossos and the resolutions of the General Meetings of the said companies' shareholders dated 06-12-2012 and 19-03-2013 respectively.

The spinoff was effected in accordance to provisions of Laws 2190/1920 and 1297/1972 and was approved by virtue of G.E.MI.'s Announcement under protocol number 31665/11-04-2013, which equally approved the amendment of the corporate name of the company acquiring the business into “DUTY FREE SHOPS S.A.”.