Halandri, June 29, 2012

The Annual Ordinary General Shareholders Meeting of SPRIDER STORES SA was held on Friday, June 29, 2012, at the company's business headquarters in Halandri. A total of 13 shareholders were present, owning 17,662,665 shares out of 26,262,660 shares outstanding, representing 67.25% of the paid up share capital; therefore the General meeting was validly held in quorum regarding all agenda items. In specific, the General Meeting:

1.      Approved, the company and the consolidated Annual Financial Report of the fiscal year from 01/01/2011 to 31/12/2011, under the International Financial Reporting Standards (I.F.R.S.) upon the announcement of the Board of Directors Management Report and the Audit Report of the Chartered Accountants – Auditors. [Voted: 17,662,665 (100% of the shareholders presented), For: 17,662,665 (100%)]

2.      Approved the earnings distribution (losses) for the fiscal year from 01/01/2011 to 31/12/2011. [Voted: 17,606,928 (99.7% of the shareholders presented), For: 17,606,928 (99.7%), Abstain: 55,737 (0.3%)]

3.      Approved to discharge the members of the Board of Directors and the Chartered Accountant – Auditor from any liabilities arising from the fiscal year 2011. [Voted: 17,662,665 (100% of the shareholders presented), For: 17,662,665 (100%)]

4.      Approved the remunerations and other expenses paid to Board of Directors members during the fiscal year 2011, which amounted to euro 472,594.54 and pre-approved the remunerations for the fiscal year 2012 (January 1, 2012 to December 31, 2012) to not exceed euro 10,000 per month for every Board member. [Voted: 17,606,928 (99.7% of the shareholders presented), For: 17,606,928 (99.7%), Abstain: 55,737 (0.3%)]

5.      Approved GRANT THORNTON S.A. to conduct the audit of FY 2012.  [Voted: 17,662,665 (100% of the shareholders presented), For: 17,594,003 (99.6%), Against: 68,662 (0.4%)]

6.      Approved the relocation to new business headquarters, after the arson of February 13, 2012 which totally destroyed the company's central offices and warehouse in Anthoussa Attica. The new company headquarters are located on 33-35, Perikleous street PO BOX 152 35 Halandri Attica. [Voted: 17,662,665 (100% of the shareholders presented), For: 17,662,665 (100%)]

7.      Approved the issue of a common corporate bond up to the amount of euro 26.2 million and authorized the BoD to specify the relative terms and conditions. [Voted: 17,662,665 (100% of the shareholders presented), For: 17,662,665 (100%)]