HELLENIC SUGAR INDUSTRY S.A.

Press Release

ANNUAL FINANCIAL REPORT

For the Financial Year from 1^st July 2011 to 30^th June 2012

The Board of Directors of HSI S.A during its meeting on Thursday 27/09/2012 gave its approval for the annual financial report of HSI S.A and of the Group covering the fiscal year from 01/07/2011 to 30/06/2012. According to the approved financial statements the Company's turnover amounted to € 175.30 mil presenting a decrease of 7.97% as compared to the previous fiscal year. The Group's Turnover (including the subsidiary companies of Serbia AD FABRIKA SECERA “SAJKASKA” and AD FABRIKA SECERA “CRVENKA”) reached € 228.97 mil presenting a decrease of 10.55% as compared to the previous financial year.

The Company's gross profit margin reached 16.30% for the fiscal year 01.07.2011-30.06.2012 compared to 0.35% of the previous fiscal year. Respectively, for the Group the gross profit margin for the fiscal year 01.07.2011-30.06.2012 reached 22.24% compared to 10.56% at the previous fiscal year.

Earnings before interest, tax, investment results and depreciation (EBITDA) of the Company reached €10.63 mil from € -9.31 mil at the previous financial year. Earnings before interest, tax, investment results and depreciation (EBITDA) for the Group, reached € 26.25 mil as compared to € 12.96 mil of the previous financial year.

Losses before tax for the Company reached € 994 thousand from losses before tax € 17.77 mil at the previous fiscal year. Consolidated Earnings before tax reached € 232 thousand turning around losses of € 9.45 mil at the previous fiscal year.

Net Profits after tax for the Company reached € 2.32 mil from losses € 16.45 mil at the previous financial year.  Net Consolidated Profits after tax reached € 2.96 mil from losses € 9.34 mil at the previous financial year.

Please note that the financial statements were additionally charged with extraordinary non-operating expenses such as value impairment of investments in property, deferred taxation, dismantling cost of Larissa and Xanthi branches and provisions of possible impairment of receivables.

The Annual Report for the Financial Year from 1^st July 2011 to 30^th June 2012 is listed on the webpage of the company www.ebz.gr as well as the webpage of the Athens Stock Exchange www.athex.gr.