In response to a relevant question from the Hellenic Capital Market Commission ref. no. 1257/27/3/2013, ELVAL informs the investors' community that the recent developments in Cyprus, do not affect the prospects and results of the Group as well:

1. There are no deposits above 100,000 euros in Cyprus in either bank of CPB or Cyprus Bank.
2. There are no exposes to financial instruments of the above mentioned Cyprus banks.
3. The sales of the Group in Cyprus, for the fiscal year 2012, amounted to 1.8 million (less than 0.2% of consolidated Group sales).
4. No effect is expected in the Company's and Group's sales, net income and financial position.

The announcement has been issued following a request from Hellenic Capital Markets Commission