Press Release

INTERIM FINANCIAL STATEMENTS

Of the period from 1^st July 2012 to 31^st December 2012

The Board of Directors of HSI S.A during its meeting on Tuesday 26/02/2013 gave its approval for the financial reports of HSI S.A and of the Group covering the period from 01/07/2012 until 31/12/2012. According to the approved financial statements the Company's turnover amounted to € 91.96 mil presenting an increase of 5.61% as compared to the respective period of the previous fiscal year.  The Group's Turnover (including the subsidiary companies of Serbia) reached € 133.89 mil presenting an increase of 14.00% as compared to the respective period of the previous financial year.

The Company's gross profit margin reached 12.47% at the period 01.07.2012-31.12.2012 compared to 9.80% at the respective period of the previous fiscal year. Respectively, for the Group the gross profit margin for the period 01.07.2012-31.12.2012 reached 17.71% compared to 18.90% at the respective period of the previous fiscal year.

Against the result of the closing period a provision of € 7.5 mil (01.07.2011 – 31.12.2011 – € 2.00 mil) is made. This provision corresponds to the Group's Management estimation as regards possible losses from trading and other receivables as well as investments as a result of the general negative financial condition in the Greek economy in the recent years; especially due to the reduced cash liquidity problems in the entire Greek market. Nevertheless the Group Management is in a continuous effort to take the necessary measures and actions in order to ensure that any possible risk or loss in reduced or eliminated.

Taking into account the Provisions above mentioned, Earnings before interest, tax, investment results and depreciation (EBITDA) of the Company reached €1.03 mil from € 3.31 mil presenting a decrease of 68.98% as compared to the respective period of the previous financial year. Earnings before interest, tax, investment results and depreciation (EBITDA) for the Group, reached € 10.09 mil as compared to € 11.51 mil presenting a decrease of 12.35% as compared to the respective period of the previous financial year.

The loss before tax for the Company, for the closing period, reached € 7.44 mil as compared to loss before tax of € 6.44 mil at the respective period of the previous financial period. The current period consolidated loss before tax reached € 0.01 mil as compared to profit before tax of € 0.04 mil at the respective period of the previous financial year.

Finally, Net Profits after tax for the Company reached € -4.18 mil from € -6.39 mil at the respective period of the previous financial year. The Net Consolidated Profits after tax reached € 2.53 mil from € -1.72 mil at the respective period of the previous financial year. In addition, disregarding the provision posted in the current period, the Company's net profits after tax would have reached € 1.02 mil for the Company and € 7,81 mil  for the Group.

Figures and Information for the period from July 1^st, 2012 to December 31^st, 2012 are published in the press today Thursday, February 28^th, in the newspaper XRIMATISTIRIO and will be available, along with the financial reports of the same period on the webpage of the company www.ebz.gr as well as the webpage of the Athens Stock Exchange www.athex.gr.