Within the framework of the release of HELLENIC FABRICS S.A. Group's financial statements for the first quarter of 2013, and in accordance to paragraph 4.1.4.4. of ATHEX Regulation, the Group's management announces the following:

ATHEX Board of Directors in its meeting dated 24.11.2011 decided the transfer of the company's shares to the “Under Supervision Category”, effective from Friday, 25.11.2011, based on the fact that the company's annual financial report of 31.12.2010 reported losses in excess of 30% of its net value.

In order to exit from the “Under Supervision Category”, Group's Μanagement has taken and is implementing measures to reduce the operating and production costs; measures to increase sales for the full exploitation of the production plants' capacities; measures to improve the product mix with emphasis on higher margin fabrics; and is negotiating with the lending banks the restructuring of its debt within the framework of the Agreement to obtain a new syndicated bong loan of EUR 11.2 million which was received in August 2012.

The above financial statements together with the Figures and Information for the first quarter of 2013 are posted on the Athens Stock Exchange (www.ase.gr) and company's websites (www.hellenicfabrics.gr).