The new Board of Directors οf HERACLES General Cement Company which was elected by the 104^th Ordinary General Meeting of the Shareholders of the Company held on 22.6.2012, was constituted in a body as follows:

Chairman of the Board            Manolis Chris Kyprianides, non executive member

Vice Chairman                        Louis Chavane, Senior Vice President Finance, Lafarge SA, non-executive
                                           member

Managing Director                   Pierre Deleplanque, executive member

Members                                Jean-Charles Blatz, non executive member

                                            Andreas G. Andreopoulos, Professor in Νational Technical University of
                                            Athens, School of Chemical Engineering, independent, non executive
                                            member

                                            Panos Kyriakopoulos, Chairman and CEO, STAR Investments SA,
                                            independent, non executive member

Τhe term of duties of the abovementioned members of the Board of Directors, according to article 11 of the Articles of Association of the Company, is three years and expires on 22.6.2015, which may be automatically extended until the Ordinary General Assembly of the year 2015, which will decide regarding financial year 2014.