TERNA ENERGY S.A. informs the investors that, in compliance with article 4 par. 4 of the Regulation no. 2273/2003 of the Commission of the European Communities and according to article 16 of the Codified Law 2190/1920, as amended and currently in force, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 12.05.2010 and the Decision of the Board of Directors dated 22.06.2010, proceeded on May 2, 2012  through the member of the A.S.E. FORTIUS FINANCE S.A., with the purchase of  7,500 TERNA ENERGY’s shares at an average price of 1.6037 euros per share and at with a total transaction value of 12,027.75 euros.

 INVITATION

to the Shareholders of the Société Anonyme

«TERNA ENERGY S.A.»

to the Annual Ordinary General Assembly

 According to Codified Law 2190/1920 “Regarding Sociétés Anonymes” and the Articles of Incorporation, the Board of Directors of the company with the distinctive title “TERNA ENERGY S.A.”, by means of its decision dated  May 2, 2012, invites the Shareholders of the Company to the Annual Ordinary General Assembly on Thursday, the 24^th of May 2012 and at 09:30 a.m., at the registered offices of the Company, at 85, Messogion Ave., 11526, Athens, with the following items in the Agenda:

1. Submission and Approval of the Annual Financial Statements (Company and Consolidated) for the fiscal year 2011, and of the relevant Reports of the Board of Directors and the Chartered Auditor.
2. Approval of the proposition by the Board of Directors concerning the distribution of earnings, the payment of dividends and fees to the Members of the Board of Directors for fiscal year 2011.
3. Discharge of the Members of the Board of Directors and of the Chartered Auditor from any relevant liability or compensation deriving from the exercise of their duties during fiscal year 2011.
4. Election of one Regular and one Deputy Certified Auditor, members of the Body of Chartered Auditors Accountants, for auditing fiscal year 2012, and arrangement of their fees.
5. Ratification of the election of one member of the BoD following the resignation of a former member.
6. Amendment of article 10 of the Articles of Association
7. Election of members of the Board of Directors due to expiry of term
8. Appointment of the Members of the Control Committee according to article 37 of Law 3693/2008.
9. Approval of contracts and fees for services rendered according to art. 23a  of the Codified Law 2190/1920
10. Decrease of the Company’s share capital with cancellation of treasury shares, according to the provisions of article 16 of C.L. 2190/20 as amended and in effect and amendment of par. 1 of article 5 of the Articles of Association
11. Increase of the Company’s share capital with capitalization of reserves and at the same time increase of the nominal value per share and also at the same time decrease of the Company’s share capital with return of capital to Shareholders and a respective decrease of the nominal value per share. Amendment of par. 1 of article 5 of the Articles of Association.
12. Increase of the Company’s share capital with capitalization of reserves with the issue and distribution of free shares and amendment of par. 1 of article 5 of the Articles of Association
13. Approval of own shares buy-back programme in accordance with Article 16 of Codified Law 2190/1920 as amended and currently in force
14. Consent regarding the participation of the Members of the Board and Senior Executives of the Company in the Management of other companies, which are in any way related to the Company.
15. Various announcements, approvals and discussion about matters of general interest.

In case the required quorum is not achieved, the 1^st Repeated General Meeting will take place on Tuesday the 5^th of June 2012 and at 09:30 am at the company’s registered offices, 85 Mesogeion Ave., 11526 Athens while the possible 2^nd Repeated General Meeting will take place on Monday the 18^th of June 2012 and at 09:30 am at the same location.

 In accordance to Codified Law 2190/1920, as amended by Law 3884/2010, the Company informs its shareholders of the following:

A. RIGHT TO PARTICIPATE AND VOTE IN THE ORDINARY GENERAL ASSEMBLY

Any person appearing as a shareholder of the Company’s ordinary shares in the registry of the Dematerialized Securities System (“DSS”) managed by Hellenic Exchanges S.A. (“HELEX”), has the right to participate in the Annual General Assembly of May 24, 2012.

Proof of shareholder’s capacity is verified by submitting relevant written confirmation from HELEX or electronically by HELEX through the Company’s online connection to the DSS.

The shareholder’s capacity must exist at the start of 19/05/2012 (“Record Date”), i.e. the fifth (5th) day before the date of the Annual General Meeting on 24/05/2012 and the relevant written confirmation or electronic certification concerning the shareholder must reach the Company no later than 21/05/2012 i.e. the third (3^rd) day before the date of the Annual General Meeting.

For the1^st Repeated General Meeting the shareholder’s capacity must exist at the start of 01/06/2012, i.e. the forth (4^th) day before the date of the 1^st Repeated General Meeting (Record Date of the 1^st Repeated General Meeting) and the relevant written confirmation or electronic certification concerning the shareholder must reach the Company no later than 02/06/2012 i.e. the third (3^rd) day before the date of the above General Meeting.

For the 2^nd Repeated General Meeting the shareholder’s capacity must exist at the start of 14/06/2012, i.e. the forth (4^th) day before the date of the 2^nd Repeated General Meeting (Record Date of the 2^nd Repeated General Meeting) and the relevant written confirmation or electronic certification concerning the shareholder must reach the Company no later than 15/06/2012 i.e. the third (3^rd) day before the date of the above General Meeting.

Only those who have shareholder’s capacity on the said Record Date shall have the right to participate and vote at the General Meeting. In case of non-compliance with the provisions of article 28a of Codified Law 2190/1920, such a shareholder participates in the regular General Assembly only after the General Meeting’s authorization.

The exercise of this right does not require the blocking of shares or any other process which restricts the shareholders’ ability to sell and/or transfer shares during the period between the Record Date and the General Meeting.

B. MINORITY SHAREHOLDERS’ RIGHTS

In accordance with article 39 par. 2, 2a, 4 and 5 of Codified Law 2190/1920 shareholders have the following rights:

a) At the request of shareholders representing one twentieth (1/20) of the paid-up share capital, the Board of Directors of the company is required to include in the agenda of the ordinary General Meeting additional items, if the relevant request is communicated to the Board by 09/5/2011, i.e. at least fifteen (15) days before the date of the Annual General Meeting. The request for additional items must be accompanied by a justification or a draft resolution to be approved by the General Meeting and the revised Agenda should be published in the same way as the previous Agenda, on 11/05/2012, i.e. thirteen (13) days before the date of the above General Meeting and at the same time will be released on the Company’s website (www.terna-energy.gr), along with the justification or the draft decision submitted by shareholders in accordance with article 27 par. 3 of C.L. 2190/1920.

b) At the request of shareholders representing one twentieth (1/20) of the paid-up share capital, the company’s Board of Directors discloses to the shareholders in accordance with article 27 par. 3 of C.L. 2190/1920, by18/05/2012 at the latest i.e. at least six (6) days before the date of the Annual General Meeting, any draft resolutions on the items included in the initial or revised agenda, provided that the request is communicated to the Board by 17/05/2012 i.e. at least seven (7) days before the date of the Annual General Meeting.

c) At the request of any shareholder submitted to the company until 18/05/2012, i.e. at least five (5) full days before the General Meeting, the Board of Directors is obligated to provide to the General Meeting the requested specific information regarding the affairs of the Company, insofar as such information is relevant for the proper assessment of the items on the agenda.

The Board of Directors has the right to refuse to provide such information for a substantial reasonable cause, which is indicated in the minutes. The Board of Directors has the right to respond collectively to shareholders’ requests with same content. There is no obligation to provide information when the relevant information is already available on the Company’s website, in particular in the form of questions and answers.

d) At the request of shareholders representing one fifth (1/5) of the paid-up share capital, which is communicated to the Company by 18/05/2012, i.e. at least five (5) full days before the General Meeting, the Board of Directors is obligated to provide to the General Meeting the requested information regarding the Corporate Affairs and assets and liabilities of the Company. The Board of Directors has the right to refuse to provide such information for a substantial reasonable cause, which is indicated in the minutes.

Corresponding deadlines for any exercise of rights of minority shareholders also apply in case of Repeated General Meetings.

In all aforementioned cases the shareholders must demonstrate their capacity and the number of shares they own in order to exercise the relevant right.

Such proof is provided by submitting the relevant written confirmation from HELEX, where the securities are held or by certifying the shareholder capacity directly through the Company’s online connection with HELEX’s records.

C. PROCEDURE FOR PROXY VOTING

Shareholders may participate in the Annual General Meeting and vote either in person or by proxy. Each shareholder, individual or legal entity, may appoint up to three (3) proxies for only one General Meeting only or for any Meetings that take place within a specific timeframe. In cases where a shareholder owns Company shares that are held in more than one Investor Securities Account, the above limitation does not prevent the shareholder from appointing separate proxies for the shares appearing in each Account. A proxy holding proxies from several shareholders may cast votes differently for each shareholder.

Proxies cast their votes according to the Shareholders’ instructions, given that such are provided, and are obliged to record the voting instructions for at least one (1) year following the submission of the General Meeting’s Minutes to the relevant Authority or if a Resolution is released publicly from its registration to the Registry of Societe Anonyme Companies. The non-compliance of a Proxy to instructions provided by the Shareholder does not affect the validity of the General Meeting’s resolutions even if the Proxy vote was decisive for the resolution.

Before the commencement of the General Meeting, the proxy must disclose to the Company any particular facts that may be of relevance for shareholders in assessing the risk that the proxy may pursue interests other than those of the shareholder.

A conflict of interest may arise in particular when the proxy:

a) is a controlling shareholder of the Company or is another controlled entity by such shareholder;

b) is a member of the Board of Directors or of the Management of the Company or of a controlling shareholder or a controlled entity by such shareholder;

c) is an employee or an auditor of the Company, or of a controlling shareholder or a controlled entity by such shareholder;

d) is the spouse or a close relative (1st degree) of any natural person referred to in (a) to (c) hereinabove.

A proxy is appointed or revoked in written and is disclosed to the Company also in the same manner, at least three (3) days prior to the date of the Annual General Meeting.

The proxy form will be available to shareholders in electronic form on the Company’s website (www.terna-energy.gr). The said form, filled in and signed by the shareholder, must be filed with the Company, specifically to the Company’s Shareholders’ Department (address: 85 Mesogeion Str.Athens) or sent by fax to: + 30 210-6968076, at least three (3) days before the date of the Annual General Meeting. The relevant shareholder is advised to confirm that the proxy form has successfully been submitted and received by the Company, by calling at + 30 210-6968429.

Even though the Company’s Articles of Incorporation provide the option for Shareholders to participate in the General Meeting through electronic means, without physical presence at the Meeting location, the option for long-distance voting either through electronic means or through mail, as well as the option to appoint and revoke a proxy through electronic means, the relevant Ministerial Decisions that concern the conditions for minimum technical specifications that ensure the Shareholder’s Identity and safety of electronic or other connections, have not been issued and therefore currently the options included in the aforementioned provision cannot be applied.

D. AVAILABLE DOCUMENTS AND INFORMATION

The information referred to in article 27 par. 3 of C.L. 2190/1920 will be available in electronic form on the Company’s website (www.terna-energy.gr). The full text such information, namely of the documents to be submitted to the General Meeting and the draft resolutions on the items of the agenda is available in hardcopy form the Shareholder’s Department of TERNA ENERGY S.A., at 85, Mesogeion Ave., Athens (tel. +30 210-6968429), where shareholders can obtain copies.

ANNOUNCEMENT OF DRAFT FOR AMENDMENT OF ARTICLE 5 “Share Capital” and  ARTICLE  10 “Formation of the Board of Directors into a body corporate – Substitution of Members of the Board of Directors” OF THE ARTICLES OF ASSOCIATION

TERNA ENERGY informs Investors, according to the article 19 par. 2 of the L.3556/2007 and the Athens Exchange Regulation, about the draft proposed amendment of the Articles of Association in view of the Company’s upcoming Annual Ordinary General Assembly that will take place on May 24, 2012

Article 5  Share Capital

It is proposed that paragraph 1 of article 5 regarding the share capital of the Articles of Association, is supplemented as follows:

• «By virtue of the resolution of the Ordinary General Meeting of the Shareholders   dated May 24, 2012 it was resolved:

a) The decrease of the Company’s share capital by the amount of one million five hundred and sixty six thousand euro (1,566,000 €) and the cancellation of 5,220,000 treasury shares. Following such, the Company’s share capital amounts to thirty one million two hundred and thirty four thousand and twenty euro (31,234,020 €) and is divided into one hundred and four million one hundred thirteen thousand four hundred (104,113,400) common registered voting shares, with a nominal value of thirty cents of a euro (0.30€) each”.

“b) the increase of the Company’s share capital by the amount of five million two hundred and five thousand six hundred and seventy euro (5,205,670€) with capitalization of part of the special share premium reserve with increase of the nominal value per share from thirty cents of a euro (0.30€) to thirty five cents of a euro (0.35€) and at the same time the decrease of the Company’s share capital by the amount of five million two hundred and five thousand six hundred and seventy euro (5,205,670€) with decrease of the nominal value per share from thirty five cents of a euro (0.35€) to thirty cents of a euro (0.30€) and the return of the relevant decrease to shareholders. Following the above, the Company’s share capital amounts to thirty one million two hundred and thirty four thousand and twenty euro (31,234,020 €) and is divided into one hundred and four million one hundred thirteen thousand and four hundred (104,113,400) common registered voting shares, with a nominal value of thirty cents of a euro (0.30€) each”.

“c) the increase of the Company’s share capital by the amount of one million five hundred sixty one thousand seven hundred and one euro (1,561,701 €) with capitalization of part of the special share premium reserve with the issue of five million two hundred and five thousand six hundred and seventy (5,205,670) new common registered shares with a nominal value of thirty cents of a euro (0.30€) each.”

As a result the Company’s share capital amounts to a total of thirty two million seven hundred and ninety five thousand seven hundred twenty one euro (32,795,721€) divided into one hundred and nine million three hundred nineteen thousand and seventy (109,319,070) common registered voting shares, with a nominal value of thirty cents of the euro (0.30€) each.

Paragraphs 2,3 and 4 of the article remain as currently in force

Article 10  Formation of the Board of Directors into a body corporate – Substitution of Members of the Board of Directors

It is proposed to amend par. 1-4 of article 10 of the Articles of Association which are merged into two.

Paragraph 5 is deleted, as there the need to elect a Technical Director has been abolished.

Paragraphs 6, 7 and 8 remain as currently in force and are re-numbered.

The full text of article 10, following the amendment will be as follows:

Article 10  Formation of the Board of Directors – Substitution of Members of the Board of Directors

1. The Board of Directors, immediately following its election, convenes and is formed into a body, by electing the Chairman, one or more Vice-Chairmen and the Managing Director from its members and only with absolute majority of the present and represented Members, by defining at the same time their responsibilities. The Board of Directors may also elect, according to the above, one or more Executive Consultants from its Members. The Chairman or one of the Vice-Chairmen may be elected as Managing Director.
2. The Chairman of the Board is Chair of the Board of Director meetings, is in charge of the Board’s activities, controls the Company’s operation and informs the Board of Directors on the Company’s activities. The Chairman, when absent or unable to attend, is replaced for all his/her activities by the Vice-Chairman that is appointed for such, by means of a resolution by the Board of Directors through its formation to a Body”.

3.   If for any reason, a seat of a director who was appointed by the General Meeting becomes vacant, the Board of Directors, provided that the remaining members are at least three (3), elect a provisional substitute. The resolution of the said election is subject to the publication formalities according to the provisions of Article 7b of the Codified Law 2190/1920 and is announced by the Board of Directors in the immediate subsequent General Meeting which may substitute the elected members even such substitution does not constitute an item of the Agenda. The actions of the above provisional members of the B.o.d. (Directors) are valid even their election is not ratified by the General Meeting. The term of the substitute member of the B.o.d. expires at the date the member of the B.o.d. (Director) being substituted would expire.

4.   It is expressly stated that in case of resignation, death or loss of capacity as a member or members of the Board of Directors due to any other cause, the remaining members may continue to conduct the management and representation of the Company without the substitution of the absent member(s) in accordance with the preceding paragraph, provided that the number of such members exceeds half of the number of the members, as it was prior to the occurrence of the above events. In any case, the said members may not be less than three (3).

5.   In any case, the remaining members of the Board of Directors, regardless of their number, may proceed with the convocation of the General Meeting with the sole item of the Agenda being the election of a new Board of Directors.

TERNA ENERGY SA informs the Investors, according to the provisions of art. 15 of L.3556/2007, that following a transaction of buy-back of treasury shares on the 2^nd of May, 2012, the total treasury shares held by the Company exceeded the threshold of 5%

Number of treasury shares before the transaction: 5,464,353, thus percentage 4.9979% of the share capital.

Number of treasury shares after the transaction of the 2^nd of May 2012:  5,471,853, thus percentage 5.0047% of the share capital.

It is noted that the voting rights corresponding to 5,471,853 common nominal shares are suspended as provided by par. 8 of the art. 16 of the C.L.2190/1920, as rights deriving from treasury shares.

In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, LAMDA Development S.A. (“the Company”) announces that following the decision of the Annual General Meeting of the Shareholders of the Company and the Board of Directors’ resolution (dated May 19, 2011) purchased own shares through the Athens Exchange Member Eurobank EFG Securities Investment Firm S.A., as follows:

On May 2, 2012 the Company purchased 6.000 shares, with average cost price € 2,44 per share and total purchase price € 14.640,00.

Please find attached for publication the Annual Bulletin of Cyprus Popular Bank Public Co Ltd, which includes announcements / information that were made available to the public during the period 30/03/2011 – 30/04/2012.

Athens, 3/5/2012

Purchase of own shares

In effect of the article 4, paragraph 4 of the 2273/2003 Regulation of the European Commission, the company GR. SARANTIS S.A. announces that according to article 16, Law 2190/1920, and based on the resolution of the Shareholder's Ordinary General Meeting which took place on the 30/06/2010, during the trading session of 2/5/2012, acquired 7,817 own shares through "INVESTMENT BANK OF GREECE S.A." at a price of 2.05 euro per share worth of 16,024.85 euro.

OPAP S.A. announces, that pursuant to Law 3556/2007 and Law 3340/2005, as well as the Capital Market Commission’s decisions 3/347/12.7.2005 and 1/434/3.7.2007, Eurobank EFG Equities S.A, notified OPAP S.A. on 02.05.2012, that:

1) Sold on 30.04.2012, 3,800 common registered shares of OPAP S.A., at a total value of euros 25,796.00

2) Bought on 30.04.2012, 14 futures of OPAP S.A., at a total value of euros 8,748.00.

    The notification by Eurobank EFG Equities S.A. to OPAP S.A. and accordingly, by OPAP S.A. to the Capital Market Commission, is disclosed precisely because, Mr. Dimosthenis Archontidis holds a managerial role as a non-executive member of the Eurobank EFG Equities S.A. Board, while at the same time he is a non-executive Member of the OPAP S.A. Board (liable person according to Law 3340/2005).

In accordance with Law 3556/2007 as well as decisions 1/434/03.07.2007 and 33/03.07.2007 of Greece’s Capital Markets Commission, J&P-AVAX SA announces the purchase on 02.05.2012 of 650 shares of J&P-AVAX SA for a consideration of euro 561.20 by D&S JOANNOU (INVESTMENTS) LTD, a legal entity related to Board Chairman Mr Leonidas Joannou and Executive Director Mr Christos Joannou. 

Marousi, May 03, 2012

Corporate Disclosure Service

JUMBO S.A. announces that:
Mrs. Aikaterini Maria Papaevagelou opened a Joint Investor Account with her father Mr. Evangelos Papaevangelou, Associate Vice President of the Board of Directors of Jumbo S.A, in which, on 02.05.2012, Mr. Evangelos Papaevangelou transferred 1.971.727 shares of the company from his personal investment account.
Mrs. Maria Christina Papaevagelou opened a Joint Investor Account with her father Mr. Evangelos Papaevangelou, Associate Vice President of the Board of Directors of Jumbo S.A, in which, on 02.05.2012, Mr. Evangelos Papaevangelou transferred 1.971.727 shares of the company from his personal investment account.

With reference to its previous announcement dated March 5^th, 2012 MOTOR OIL (HELLAS) S.A hereby announces the amendment of the dates of the year 2012 Financial Calendar as follows:

Annual Ordinary General Meeting: Thursday June 28^th, 2012.

Year 2011 ex-dividend date: Monday July 2^nd, 2012 (that is, prior to July 20^th, 2012 which signifies the expiration date for the Futures Contracts on the Company´ s stock and on the FTSE/ATHEX 20 index, in which it is included).

Shareholders entitled to the year 2011 dividend: Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T) dated Wednesday July 4^th, 2012 (record date).

First day of payment of the year 2011 dividend: Tuesday July 10^th, 2012.

MAROUSSI, MAY 3^RD, 2012

THE BOARD OF DIRECTORS

PROFILE sponsors the Financial Times Wealth Management Awards in London

3rd May 2012: PROFILE Software (www.profilesw.com), a specialised financial solutions vendor, announced today its participation as an associate sponsor in the prestigious Wealth Management Awards organised by the Financial Times. PROFILE will present the winners for “Best UK Private Bank” and “Global Wealth Manager of the Year” with their awards at the ceremony which will be held on May 17th, 2012, at the Sheraton Park Lane Hotel in London, UK.

Following the recent launch of its operations in the UK with the opening of its London-based office, PROFILE aims at introducing its leading products to the local market. The company is particularly renowned for providing exceptional customer service and customisable solutions to the Financial Services market.  

Mr. Babis Stasinopoulos, CEO of PROFILE, stated: “We are very pleased and excited to be presenting these awards to recognised industry leaders following the vote of the FT readers and the panel of judges. We aim to support such specialised events introducing our solutions, which bring into focus the industry’s need to successfully combine innovative systems with cost effective, targeted and measureable return on IT investments”.

PROFILE’s flagship product IMSplus is a complete Investment Management platform offering extended functionality coverage of the investment processes for the front, middle and back office of financial institutions. Modular and highly flexible, IMSplus adjusts to the specific business requirements of Private Banks, Wealth and Asset Management Firms, and Family Offices, effectively improving their performance and operations. Users can rely on the platform to deliver exceptional client service and improve productivity.

The Financial Times and Investors Chronicle Wealth Management Awards recognise the very best of wealth management. The Financial Times and Investors Chronicle Wealth Management Awards are unique because they are based on the verdicts of one of the most financially literate and affluent groups in the UK.

S&B Industrial Minerals S.A. announces the amendment of its financial calendar for 2012, with regards to the date of the Annual General meeting of Shareholders, initially scheduled for 31.5.2012. The new date for the Annual General meeting of Shareholders is 27.06.2012.

Athens, May 3, 2012

ATEbank would like to inform investors that its Annual Ordinary General Assembly will not take place on May 22^nd, 2012, as it originally announced in its year 2012 Financial Calendar, following the extension given regarding the announcement of FY 2012 Financial Results.

The Bank will make a new announcement regarding the exact date of its Annual General Assembly.   

ΤΙΤΑΝ GROUP

FIRST QUARTER 2012 RESULTS

Τitan Group turnover in the first quarter of 2012 stood at €225m., posting an 11% decrease compared to the first quarter of 2011. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) declined by 29% to €34m. The Group posted a net loss, after minority interests and the provision for taxes, of € 19m., versus a net loss of € 4m. in the first quarter of the previous year.

The general disclaimer that first quarter results are not necessarily indicative of full year performance, applies.

The severe and extended winter period this year across the Balkans,TurkeyandGreecesignificantly affected building activity in these regions. The Group’s operating results were also negatively affected by the continuing collapse of the Greek building materials’ market. The improvement, witnessed in theUSA, albeit from very low levels, was not sufficient to compensate for the aforementioned factors.

*after tax and minority interests 
 

OPERATING RESULTS
 

InGreece, the deep recession has brought the construction sector to a standstill and driven sales of building materials to extremely low levels. Turnover reached €46m., posting a 37% decline. In the context of adverse market conditions, operating results were supported by the reduction in fixed costs resulting from the Group’s restructuring plan in conjunction with revenue from surplus carbon rights. EBITDA grew to €13m., versus €7.5m. in the first quarter of 2011. 

In theUSA, demand for building materials grew, supported to some extent by favorable weather conditions. However, sales and plant capacity utilization rates remain at levels far below normal. EBITDA ended up once again in negative territory at €1.5m., slightly ahead of last year’s 6m. loss.

InSoutheastern Europe, adverse weather conditions in the course of the first quarter of the year affected sales and led to low levels of plants’ operation. Operating profitability declined by 68% to €4m.

TheEastern Mediterraneanregion posted a 4% decline in sales. Cement volume sales inEgyptedged upwards compared to the previous year’s levels, while demand inTurkeywas affected by weather conditions. EBITDA for the region declined, compared to the previous year, to €19m. The decline is largely due to the payout of the employee profit sharing scheme inEgyptwhich took place in the first quarter of the year, whereas in 2011, the equivalent expense was booked in the second quarter.

Group net debt as at the end of the first quarter stood at €788m., posting a 11% increase compared to the end of 2011, largely due to the seasonality in sales and the increase in working capital requirements.

Foreign exchange differences negatively affected results by €3m.

PROSPECTS FOR 2012
 

InGreece, the uncertainty associated with the ongoing crisis and the worsening economic recession, form a particularly challenging backdrop for private building activity. Furthermore, it is doubtful whether the expected benefits from a restarting of stalled public works will affect demand for building materials during the current year.

In theUSA, overall economic growth and the upward trend in new building permits, underpin expectations of an improvement in building activity, albeit from the lowest levels of the last thirty years. In their recent publication, the Portland Cement Association revised upwards their estimates for cement consumption in 2012 to +4%.

InSoutheastern Europe, the expansion of Group activities coupled with the gradual rebound of construction activity, are expected to progressively lead to an increase in sales.

InEgypt, despite the transition the country is undergoing, the social unrest and resulting economic uncertainty, estimates on the outlook for cement demand remain cautiously optimistic. InTurkey, demand remains at high levels, both for private and public works.

The Group continues its efforts at curtailing operating costs, completing the restructuring plan launched in 2011 which is expected to result in €26m. of savings on an annual basis. At the same time, the Group is implementing innovative solutions for the reduction of energy consumption and the substitution of conventional by alternative fuels.

In the prevailing environment of economic uncertainty, the Group continues to focus on improving its financial flexibility.

PARENT COMPANY FINANCIAL RESULTS

Turnover of the parent company amounted to €42m., reduced by 29%, while EBITDA amounted to €12m., compared to €5m. in 2011.

Titan Cement Co. S.A. posted a net gain after tax and minorities of €0.2m. for the first quarter of 2012 versus a €6m. loss the previous year. 

TITAN is an independent cement and building materials producer with over 100 years of industry experience. Based in Greece, the Group owns cement plants in 9 countries and is organized in four geographic segments: Greece and Western Europe, USA, Southeastern Europe and Eastern Mediterranean. Throughout its history TITAN has aimed to combine operational excellence with respect for people, society and the environment.

In 2011, the Group sold 15.3 m. tonnes of cement and cementitious materials, 3.7 m. m3 of ready mixed concrete, 10.9 m. tonnes of aggregates and various other building materials like concrete blocks, dry mortars etc.

Detailed financial and other information is available on the TITAN Group website: www.titan-cement.com

The above announcement was notified to the Athens Exchange, the Hellenic Capital Markets Commission and was also posted on the Athens Exchange website.

3.5.2012
 

"MARFIN INVESTMENT GROUP HOLDINGS S.A." hereby announces, according to Laws 3556/2007 and 3340/2005, resolution1/434/03.07.2007 and Circular no. 33 of the Hellenic Capital Market Commission that on May 03, 2012 Mr. Andreas Vgenopoulos, Chairman of the Board of Directors of MIG, acquired 91,320 MIG shares, with total net value of EUR 26,897.68.

Hellenic Exchanges S.A. (HELEX) announces, pursuant to Laws 3556/2007 and 3606/2007, that Eurobank EFG Equities notified it on 02.05.2012 that:

1.    On 30.04.2012 it sold 10 HELEX futures at a total value of EUR2,630.00

2.    On 30.04.2012 it bought 1,000 HELEX common registered shares, at a total value of EUR2,650.00

The above transactions by Eurobank EFG Equities took place in its capacity as market maker in the derivatives market.

The notification by Eurobank EFG Equities S.A. to HELEX and in turn by HELEX to the capital market authorities, is disclosed because Mr. Konstantinos Vousvounis holds a managerial position as non-executive chairman of the Eurobank EFG Equities S.A. Board of Directors, while at the same time he is a non-executive member of the HELEX Board of Directors (i.e. liable for reporting according to Law 3340/2005).