HYGEIA SA: SALE OF EVANGELISMOS HOSPITAL IN CYPRUS COMPLETED

The company DIAGNOSTIC AND THERAPEUTIC CENTER OF ATHENS HYGEIA SA (hereinafter “the Company”) announces the completion of the agreement for the sale of all its shares in the company EVANGELISMOS MATERNITY-GYNECOLOGICAL HOSPITAL LTD, which has the controlling interest of EVANGELISMOS Hospital (hereinafter “the Hospital”) in Paphos, Cyprus, to the companies ELEONORA M. ENTERPRISES LTD and EVANGELISMOS IVF CENTER LTD, owned by the associate physicians of the Hospital Mr Nestoras Michail and Mr Michalis Chrisostomou respectively. The consideration has been agreed at €1 and the buyers have agreed to undertake all lending and other liabilities of the Hospital Group, which amounted to approximately €3.8m on 31/3/2013. This transaction is expected to further improve the liquidity and financial position of the Company, as all financing associated with the operating activities of EVANGELISMOS Hospital will cease and the lending liabilities incorporated in HYGEIA Group's consolidated balance sheet will be reduced