Reply to letter by the Hellenic Capital Market Commission
Thessaloniki, March 27th,2013
The management of “ELGEKA S.A.» in response to the letter of 27/03/2013 OF Hellenic Capital Market Commission with Ref. No. 1257, regarding the recent developments in Cyprus and how they affect the financial results of the Group, informs investors public regarding the activities of the Parent Company and «ELGEKA» Group in Cyprus, giving the following information:
«ELGEKA» Group operates in Cyprus with four subsidiaries: 1) «ELGEKA (CYPRUS) LTD» related to investments through participations in companies, 2) «DIAKINISIS PORT (CY) LTD» related to investments through participations in companies, 3) «GATEDOOR HOLDINGS LTD» concerning the participation in real estate companies and 4) the newly established company «DIAKINISIS LOGISTICS SERVICES (CY) LTD» active in distribution, storage and packaging of all kinds.
Regarding the Parent Company and its subsidiaries included in the consolidated financial statements for the fiscal year 2012 and the current year:
a) There are no deposits of the Group in Cyprus in the Bank of Cyprus and the Bank of CPB.
b) There is no exposure of the Group in securities or financial instruments of Bank of Cyprus and the Bank of CPB.
c) The percentage of sales of the Group in Cyprus for the year 2012 amounts to 0.08%.
d) Given the above, the impact on sales, the financial results and financial position of the Company and the Group are considered negligible.