S&B Industrial Minerals S.A. (the “Company”), announces that on 30.1.2013 it was informed by the company under the trade name DELPHI LUXEMBOURG HOLDINGS S.À R.L. with registered seat in Luxembourg (the “Offeror”), which acts in concert with members of the Kyriacopoulos Family and entities controlled by them, of the launch of a mandatory tender offer in accordance with the provisions of Law 3461/2006 (the “Tender Offer”).

The board of directors of the Company issued today its reasoned opinion on the Tender Offer which will be submitted to the Hellenic Capital Markets Commission in accordance with Greek law 3461/2006. The reasoned opinion of the board is accompanied by a report, dated 15 April 2013, of the independent financial advisor to the CompanyΆs board of directors, BNP Paribas.  The reasoned opinion is included as appendix to this announcement and the aforementioned report is provided separately.