Halandri, November 2, 2012

SPRIDER STORES S.A. informs the investment community that there has been a change at the composition of the Company's Board of Directors, pursuant to the corresponding resolution of the Ordinary General Shareholders' Meeting dated October 27, 2012 and after the resignation of Mr. Dimitrios Meimaroglou, Independent non- Executive Member. Therefore, the composition of the Company's BoD is as follows:

1. Athanasios Dorotheos Hatzioannou, Chairman, Non – Executive Member
2. Vasileios Lambros Karellas, CEO, Executive Member
3. Nikolaos Socrates Varsamis, Independent non-Executive Member
4. Grigorios Savvas Oroilidis, Independent non-Executive Member
5. Chrisanthi Theodoros Simpiridou, Independent non-Executive Member

The Board's term is for six years and matures on 27/10/2018.

Moreover the Company's Audit Committee consists of the following members:

• Nikolaos      Socrates Varsamis, Chairman
• Chrisanthi      Theodoros Simpiridou, Member
• Grigorios      Savvas Oroilidis, Member