VARVARESSOS S.A.

Financial results for the 3-month period 2012

VARVARESSOS S.A.turnover during the 3-month period of 2012 reached 3,76 million EURO compared to 8,18 million EURO in 2011. The company's exports came up to 2,24 million EURO which is 60% of the revenues. The company's EBITDA amounted to losses 988 thousand EURO contrary to gains 694 thousand EURO during the same period of 2011. Losses after taxes reached 1,34 million EURO compared to gains 378 thousand EURO in the 3-month period of 2011. The aforementioned statements are posted at the company's website www.varvaressos.gr.