Athens, June 27 2012 – According to article 16§1 C.L. 2190/1920, as it stands in effect, and the paragraph 4.1.4.2 of the ATHEX Regulation, S&B Industrial Minerals S.A. (the “Company”) announces that the Ordinary General Meeting of Shareholders of 27^th June 2012 approved a share buyback program with a 24 month duration (from 27/6/2012 to 27/6/2014) at a minimum purchase price of €1.00 and maximum purchase price of €10.00 per share. The nominal value of the shares that the Company is entitled to acquire under the buyback program, and any shares that it may retain from prior acquisitions, must not exceed on aggregate 10% of the Company's paid up share capital.

The Company may use the shares acquired during the term of the program, in total or in part, for distribution to the Company's personnel, and/or for decreasing its share capital.

For the information of the investment community, it is noted that the implementation of the above program is entirely at the discretion of the Company.