PRESS RELEASE

FINANCIAL RESULTS FOR THE PERIOD

01/01/2012 – 31/03/2012

The consolidated turnover of VIOHALCO S.A., for the period 01/01/2012 – 31/03/2012, amounted to € 818 mil., compared with € 860 mil., for the corresponding period of the previous year 2011, decreasing by 4,9%.

The consolidated profits before taxes, financing, investing results and depreciation (“EBITDA”) amounted to € 37,6 mil., compared with € 70,7 mil. and the results before taxes and minority rights amounted to € 22,9 mil. loss, compared with € 18,3 mil. profit for the corresponding period of 2011.

Finally, the consolidated net results after taxes and minority rights amounted to € 14,7 mil. loss,(or € -0,0735 loss per share), compared with € 6,8 mil. profit, (or € 0,0342 per share), for the first quarter of 2011.

The financial results for the current period have been adversely affected by the continued severe financial crisis of the Greek economy, resulting in a significant decrease of local demand, especially for construction products, as well as by the developing recession in the rest ofEurope. In addition, the liquidity crisis increased financial costs and the increase in the cost of energy, further squeezed profit margins.    

The results before taxes of VIOHALCO S.A. for the first quarter of 2012 amounted to € 0,15 mil. loss, compared with € 1,0 mil. profit for the corresponding period of 2011 and the results after taxes amounted to € 0,3 mil. loss (or € -0,0014 loss per share) compared with € 0,8 mil. profit for 2011(or € 0,0044 profit per share).

In this negative financial environment, becoming more competitive, making more effective the management of the working capital, penetrating new developing markets, as well as expanding the production range, continue to be the main goals of the subsidiaries.

Publication, on Wednesday May 30, 2012, after the end of the trading session of the Athens Exchange.

The Financial data and information for the period 01/01 – 31/03/2012 are published in folio, dated May 31, 2012, in the daily newspaper KATHIMERINI, and together with the Interim Financial Statements for the same period, will appear in the Company's web site, at the address: www.viohalco.gr,  as well as the web site of the Athens Exchange: www.athex.gr.