S&B Industrial Minerals S.A. (the Issuer) announces pursuant to Law  3556/2007 in conjunction with article 11 of the Decision 1/434/03.7.2007 of the Hellenic Capital Market Commission that,

1. By virtue of an over-the-counter transaction on 13.06.2012 Ms. Flora Maria P. Kyriacopoulos transferred 3,261,650 common vote-bearing shares of the Issuer to Blue Water Holding S.A. as a contribution in kind in the context of a share capital increase of the above-mentioned company.
2. By virtue of an over-the-counter transaction on 13.06.2012, Mr. Ulysses P. Kyriacopoulos transferred 3,200,900 common vote-bearing shares of the Issuer to High Gate Holding S.A. as a contribution in kind in the context of a share capital increase of the above-mentioned company.

The above mentioned transactions have been duly notified to the Company on 14.06.2012 pursuant to article 13 of Law 3340/2005 by:

1. Ms. Flora Maria P. Kyriacopoulos in her capacity as member of the Board of Directors of the Issuer and by the company Blue Water Holding S.A., a related legal entity whose voting rights are 100% controlled by Ms. Flora Maria P. Kyriacopoulos as its sole shareholder;

2.      Mr. Ulysses P. Kyriacopoulos in his capacity as Chairman of the Board of Directors of the Issuer and by the company High Gate Holding S.A., a related legal entity whose voting rights are 100% controlled by Mr. Ulysses P. Kyriacopoulos as its sole shareholder.