The company’s turnover during 2011 reached 17,6 million EURO in comparison to 21,84 million EURO in 2010. The company’s gross margin came up to 0,096 million EURO. The company’s exports reached 12,72 million EURO that is 72% of the total sales. The company’s EBITDA amounted to -0,47 million EURO in comparison to -1,02 million EURO in previous year’s corresponding period. Loss after taxes decreased from 4,12 million EURO to 3,55 million EURO in 2011, resulting to a loss per share € 0.3449.

The aforementioned statements are posted at the company’s website www.varvaressos.gr

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 March 30, 2012 the Company purchased 7.000 shares, with average cost price € 2,49 per share and total purchase price € 17.430,00.

 Coca-Cola Hellenic Bottling Company S.A.announces filing with the U.S. Securities and Exchange Commission

Athens, Greece – 2 April 2012 – Coca-Cola Hellenic Bottling Company S.A. (“Coca-Cola Hellenic”, “Company”) announces the filing with the United States Securities and Exchange Commission ("SEC") of its Annual Report on Form 20-F for the fiscal year ended 31 December  2011 (the "20-F"), on 30 March 2012.

The 20-F is available on the SEC's website at http://www.sec.gov as well as on the Company's website at http://www.coca-colahellenic.com. The Company will make available, upon the request of any interested shareholder, a hard copy of the 20-F free of charge.

The 20-F includes the opinions of the Company's management and of its independent auditors, PricewaterhouseCoopersS.A., on the effectiveness of Coca-Cola Hellenic’s internal controls over financial reporting pursuant to the requirements and standards of Article 404 of the Sarbanes-Oxley Act. Coca-Cola Hellenic is pleased to announce that its management has concluded that the Company's internal controls over financial reporting were in all material respects effective as at31 December 2011.

ENQUIRIES

About Coca-Cola Hellenic

Coca-Cola Hellenic is the second-largest bottler of products of The Coca-Cola Company in terms of volume with sales of more than 2 billion unit cases. It has broad geographic footprint with operations in 28 countries serving a population of more than 570 million people. Coca-Cola Hellenic offers a diverse range of ready-to-drink non-alcoholic beverages in the sparkling, juice, water, sport, energy, tea and coffee categories.        Coca-Cola Hellenic is committed to promoting sustainable development in order to create value for its business and for society.  This includes providing products that meet the beverage needs of consumers, fostering an open and inclusive work environment, conducting our business in ways that protect and preserve the environment and contribute to the socio-economic development of our local communities.

Coca-Cola Hellenic‘s shares are listed on the Athens Exchange (ATHEX: EEEK), with a secondary listing on the London Stock Exchange (LSE: CCB). Coca-Cola Hellenic’s American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE: CCH). Coca-Cola Hellenic is included in the Dow Jones Sustainability and FTSE4Good Indexes. For more information, please visit www.coca-colahellenic.com

In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4,  MLS MULTIMEDIA S.A.  announces that following the decision of the Annual General Meeting of the Shareholders of the Company (dated June 30, 2010)  and the Board of Director’s resolution (dated March 15, 2012) purchased 2.950 own shares on Friday March 30, 2012 with average cost price € 2,0164 per share and total purchase value  € 5.948,50 through the Athens Exchange Member Alpha Finance S.A.

Quest Holdings S.A. informs the investors that, according to article 16 of the Codified Law 2190/1920, as amended and currently in force, and in compliance with the terms of the Regulation no.2273/2003 of the Commission of the European Communities, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 16/04/2010 and the Decision of the Board of Directors dated 04/01/2012, proceeded on March 30, 2012 through the member of the A.S.E. “Eurobank EFG Equities”, with the purchase of 900 Quest Holdings S.A.’s shares at an average price of 0,68 euro per share and with a total transaction value of 615,52 euro.

The company IASO S.A. announces, according to L.3556/2007 (art. 3 and art. 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that the Member of the Board of Directors, Mr THEOFANAKIS PANAGIOTIS of GEORGIOU (bound person according to article 13 of Law 3340/2005), on March 30^th 2012, purchased 2.000 common shares, with a total net value of euro 1.180,00

Athens, 2/4/2012

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 30/03/2012, acquired 6,021 own shares through "INVESTMENT BANK OF GREECE S.A." at a price of 1.8950 euro per share worth of 11,409.90 euro.

IR REPORT FY 2011 RESULTS

GEK TERNA SA announces that the Annual Analysts Presentation will take place on Tuesday, April 3, 2012 through conference call at 14:00 Greek time.

Τhe corporate presentation of the company is posted on the company’s website www.gekterna.com  and the Athens Exchange website www.ase.gr   

(For further information on the procedure please contact Mrs Theotokatou tel. +302106968429).

Marfin Popular Bank Public Co Ltd announces, pursuant to the Cyprus Law 190(Ι)/2007, the following:

 1.      Dubai Financial Group informed in writing the Capital Market Commission and the Issuer that it has granted a power of attorney to Peter P. M. Baltussen authorising him, during the Extraordinary General Meeting of the Issuer’s Shareholders on April 2, 2012, to exercise to his judgement 301.140.188 voting rights which correspond to 301.140.188 shares of the Issuer, namely a percentage 18.69% on the Issuer’s total share capital and voting rights.

2.      Peter P. M. Baltussen informed in writing the Capital Market Commission and the Issuer that, during the Extraordinary General Meeting of the Issuer’s Shareholders on April 2, 2012, he is entitled to exercise to his judgement 301.140.188 voting rights which correspond to 301.140.188 shares of the Issuer, namely a percentage 18.69% on the Issuer’s total share capital and voting rights, by virtue of a power of attorney which was granted to him by shareholder of the Issuer.  Following the conclusion of the General Meeting, the aforementioned individual ceases to possess the above voting rights.

 3.      Marfin Investment Group Holdings S.A. informed in writing the Capital Market Commission and the Issuer that it has granted a power of attorney to Fadel Al Ali authorising him, during the Extraordinary General Meeting of the Issuer’s Shareholders on April 2, 2012, to exercise to his judgement 152.910.580 voting rights which correspond to 152.910.580 shares of the Issuer, namely a percentage 9,49% on the Issuer’s total share capital and voting rights.

 4.      Fadel Al Ali informed in writing the Capital Market Commission and the Issuer that, during the Extraordinary General Meeting of the Issuer’s Shareholders on April 2, 2012, he is entitled to exercise to his judgement 152.910.580 voting rights which correspond to 152.910.580 shares of the Issuer, namely a percentage 9,49% on the Issuer’s total share capital and voting rights, by virtue of a power of attorney which was granted to him by shareholder of the Issuer.  Following the conclusion of the General Meeting, the aforementioned individual ceases to possess the above voting rights.

INTRALOT: LAUNCH OF NEW EUROPEAN LOTTO GAME

IN THE NETHERLANDS

INTRALOT Nederland BV, a fully-owned subsidiary of the INTRALOT Group in the Netherlands, has successfully launched the new official European lotto game “Eurojackpot” for its customer in the Netherlands, De Lotto. The new game was launched on March 23^rd.  

The new game that INTRALOT technologically implemented for De Lotto pools the stakes of six participating countries (Netherlands, Denmark, Germany, Estonia, Finland and Slovenia) and it takes place once a week, every Friday evening. The draw is held in Helsinki, Finland. The tickets are available in stores and online at www.eurojackpot.nl. The minimum Jackpot prize offered is €10 million and may rise as high as €90 million.  The Jackpot is allowed to “roll over” to the next draw for up to 12 consecutive weeks; if no winner is identified, prizes are distributed to the next category winners in the following draw.  It is possible that the number of participating countries increases in the future, as will the Jackpots.

Mr. Harrie Linders, Chief Executive Officer of De Lotto, stated: “We are proud to introduce this exciting new game in the Netherlands. The international character of the game offers incredible Jackpots that are attractive to all consumers. History shows us that expanding our game portfolio has always led to increasing revenues for our good causes. The preparation to a successful launch has been done in good cooperation with our technology provider INTRALOT.”

Mr. Manolis Lambrakis, Chief Executive Officer of INTRALOT Nederland BV, commented: “We are very pleased to be part of this fascinating moment for the European lottery market. We have supported our valuable partner De Lotto to implement “Eurojackpot” in the Netherlands and we are really satisfied that its first draw was very well received by players in the country. The trust that De Lotto has shown us when it selected us to be its technological provider has already yielded very positive results and we are confident that together we will continue to offer to the players in the Netherlands unique, innovative and attracting lottery products that will maximize their entertainment experiences.”

De Lotto is one of the leading lotteries in the Netherlands. The partnership of INTRALOT with the lottery has commenced in 2008 following an unprecedented dual international tender, procured by De Lotto and De Nederlandse Staatsloterij. INTRALOT has undertaken the supply, maintenance and support, as well as the facilities management of the system of both lotteries.

TERNA ENERGY SA announces that the Annual Analysts Presentation will take place on Tuesday, April 3, 2012 through conference call at 13:00 Greek time.

Τhe corporate presentation of the company is posted on the company’s website www.terna-energy.com  and the Athens Exchange website www.ase.gr   

(For further information on the procedure please contact Mrs Theotokatou tel. +302106968429).

Jumbo 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 JUMBO S.A. on 30.03.2012, that:

1. Sold on 29.03.2012, 6.062 common registered shares of JUMBO SA., at a total value of euros 22.436,95

2. Bought on 29.03.2012, 6.062  common registered shares of JUMBO SA., at a total value of euros 22.407,15

3. Bought on 29.03.2012, 127 common registered shares of JUMBO SA., at a total value of euros 473,71.

The notification by Eurobank EFG Equities S.A. to JUMBO S.A. and accordingly, by JUMBO S.A. to the Capital Market Commission and the investors, is disclosed precisely because, Mr. Victor Asser holds a managerial role as a non-executive member of the Eurobank EFG Equities S.A. Board, while at the same time he is an independent non-executive member of the JUMBO S.A. Board.

Further to the announcement dated 27^th of December 2011, Marfin Popular Bank Public Co Ltd (MPB) announces that the sale of the total participation of MPB in Marfin Pank Eesti AS (MBE) of 70,54%  to UKRSELHOSPROM PCF LLC has been completed.  

The total cash consideration received for the transaction amounts to €6,6m and represents a multiple of 2.11 times of the Net Book Value of MPE as at 29^th March 2012 (non audited results).  The arising profit from the sale is approximately EUR 2.8m.

The transaction is in line with MPB’s announced initiatives for divestment from non- core positions and repositioning itself on its Cyprus base which will constitute the growth and development platform of the Group across the key geographical areas.

Coca-Cola Hellenic Bottling Company S.A.

announces effective date of Chief Financial Officer succession

Athens, Greece – 2 April 2012 – Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola Hellenic, the Group) announced that Michalis Imellos will assume the position of Chief Financial Officer, effective 2 April 2012. Mr Imellos is succeeding Robert Murray, who has recently decided to return to his native USA.

Dimitris Lois, Chief Executive Officer of Coca-Cola Hellenic, commented “On behalf of the entire Group I would like to thank Rob for his leadership and exceptional commitment. As Chief Financial Officer during the last four years, he has played an integral role in driving our strategic initiatives. At the same time, I am delighted to welcome Michalis to his new position. Michalis’ track record, financial acumen, drive for results and leadership skills provide a solid foundation for his contribution to Coca-Cola Hellenic’s success.”

Mr. Imellos joined Coca-Cola Hellenic in July 2008 as Region Finance Director for several of Coca-Cola Hellenic’s markets including Greece, Cyprus, Nigeria, Romania, Moldova, Serbia & Montenegro and Bulgaria. In July 2011, Mr Imellos was appointed General Manager of Coca-Cola Hellenic’s operations in Romania & Moldova.

Mr Imellos started his career with Ernst & Young. Prior to joining Coca-Cola Hellenic, Mr. Imellos held various senior management positions with Xerox for eleven years, including Office Europe Finance Director and European Mergers & Acquisitions Director.

Mr. Imellos is a UK-qualified Member of the Institute of Chartered Accountants in England and Wales. He holds a BSc degree in Physics & Computing from the University of Athens.

ENQUIRIES

About Coca-Cola Hellenic

Coca-Cola Hellenic is the second-largest bottler of products of The Coca-Cola Company in terms of volume with sales of more than 2 billion unit cases. It has broad geographic footprint with operations in 28 countries serving a population of more than 570 million people. Coca-Cola Hellenic offers a diverse range of ready-to-drink non-alcoholic beverages in the sparkling, juice, water, sport, energy, tea and coffee categories.        Coca-Cola Hellenic is committed to promoting sustainable development in order to create value for its business and for society.  This includes providing products that meet the beverage needs of consumers, fostering an open and inclusive work environment, conducting our business in ways that protect and preserve the environment and contribute to the socio-economic development of our local communities.

Coca-Cola Hellenic‘s shares are listed on the Athens Exchange (ATHEX: EEEK), with a secondary listing on the London Stock Exchange (LSE: CCB). Coca-Cola Hellenic’s American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE: CCH). Coca-Cola Hellenic is included in the Dow Jones Sustainability and FTSE4Good Indexes. For more information, please visit www.coca-colahellenic.com

It is hereby announced that on March 30^th, 2012, MOTOR OIL HOLDINGS S.A. purchased 4,000 MOTOR OIL (HELLAS) S.A. shares of total value EURO 24,525.

The present announcement is made in the context of article 6, par. 1(b) case (iv) of the Capital Market Commission Decision 3/347/12.7.2005, since the Board of Directors of MOTOR OIL HOLDINGS S.A. consists of Messrs. Vardis J. Vardinoyannis, John V. Vardinoyannis, and Petros T. Tzannetakis.

The above individuals are, respectively, Chairman, Executive Vice-Chairman and Executive Member of the BoD of MOTOR OIL (HELLAS) S.A. and, therefore, obliged to acknowledge their stock exchange transactions on Company shares according to article 13 of the Law 3340/2005.

Maroussi, April 2^nd, 2012

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 30.03.2012 of 1,410 shares of J&P-AVAX SA for a consideration of euro 1,354.72 by D&S JOANNOU (INVESTMENTS) LTD, a legal entity related to Board Chairman Mr Leonidas Joannou and Executive Director Mr Christos Joannou. 

Marousi, April 02, 2012

Corporate Disclosure Service

Announcement

ELLAKTOR’s management announces that in order to fully inform the investment community and pursuant to the conference call that will take place on 2^nd of April  2012 at 17.00, the presentation regarding Group’s Financial Results for FY 2011, is available at the company’s website (www.ellaktor.com) as well as the website of the Athens Exchange (www.athex.gr )

    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 30.03.2012, that:

1) Bought on 29.03.2012, 1,811 common registered shares of OPAP S.A., at a total value of euros 13,246.75

2) Sold on 29.03.2012, 10 futures of OPAP S.A., at a total value of euros 6,835.00.

    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).

Dates of results of announcements and Annual General Meeting

MYTILINEOS Group obtained the commercial operation license for its 3^rd combined cycle natural gas fired power plant ? the 436 MW plant of Korinthos Power, the joint subsidiary of MYTILINEOS Group (with a 65% share) and MOTOR OIL (with a 35% share). The plant is located at the Motor Oil industrial facilities in Ag. Theodori, Korinthia. With more than 1,200 MW from thermal plants in operation, MYTILINEOS Group is established as the largest independent electricity producer in Greece.

Engineering, procurement, construction and commissioning for the plant, including the closed-type power substation, were undertaken and carried out successfully by METKA S.A., a MYTILINEOS Group subsidiary, whose performance exceeded all guaranteed targets. The assistance provided by MOTOR OIL was also key to the successful completion of such a project, within its industrial facilities.

The Korinthos Power plant, together with the Group’s plant in Ag. Nikolaos, Viotia, are state-of-the-art, high-efficiency power plants that help significantly to reduce electricity production costs from natural gas, to the benefit not only of consumers, but also of the national economy. The location of the plant within the country’s South System is a factor that contributes to its stability.

The entry into operation of MYTILINEOS Group’s 3^rd thermal plant marks the completion of the first phase of the Group’s investment plan in the Energy sector, which totalled €1 billion and comprised construction and operation of 3 thermal plants (2 in Ag. Nikolaos, Viotia, and 1 in Ag. Theodori, Korinthia), together with numerous wind farms and photovoltaic parks. The Group is currently stepping up its investments in RES, aiming to have in operation a total of 400 MW of ‘green’ energy assets by 2015.

For more details, please contact:

Mrs Katerina Mouzouraki, MYTILINOS Group Press & Media Relations Supervisor (Tel.: 210 6877484, Fax: 210 6877400, e-mail: katerina.mouzouraki@mytilineos.gr).

MYTILINEOS Group is a leading Greek industry active in Metallurgy & Mines, Energy and EPC Projects. Established in Greece in 1990, the Group’s holding company, MYTILINEOS HOLDINGS S.A., is listed on the Athens Exchange, has a consolidated turnover in excess of €1.6 billion and employs some 2,500 people directly and many more indirectly in Greece and abroad. For more details, please visit the Group’s website at: www.mytilineos.gr.

Athens, April 2^nd 2012

Announcement of Regulated Information According to the L. 3556

The company GR. SARANTIS S.A. announces, according to the article 21 of the L.3556/2007 and the article 11 of the Hellenic Capital Market Commission decision 1/434/3.07.07 that Mr. Grigoris Sarantis son of Pantazis, Chairman of the BoD of the Company, proceeded on 29/03/12 to the purchase of 10,000 common shares at the price of 1.865 euro of total value 18,650 euro.

ANNOUNCEMENT

Election of the BoD of DEDDIE S.A.

PPC S.A.announces that, on Friday, March 30^th,  2012, at the Extraordinary General Meeting of the Company “HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR S.A. (DEDDIES.A.)”, a 100% subsidiary company of PPC S.A., its Board of Directors was elected, as follows:

•    Safakas Athanasios, Chairman, (Professor Emeritus)

•    Κollias Georgios, Chief Executive Officer (Electrical-Mechanical Engineer, former General Manager of PPC SA) 

•    Tsolas Ioannis, Member (professor at the National Technical University of Athens),

•    Liakopoulos Georgios, Member (Lawyer, General Manager of Corporate Governance of Piraeus Bank)

•    Menegatos Iraklis, Member (Electrical Engineer, Director of Distribution Network Department of PPCS.A.) 

•    Κapsalis Kyriakos, Member (Mechanical Engineer and Economist)

The term of office of the elected members of the Board of Directors of DEDDIE S.A. - resulting from the spin off of the PPC SA Distribution Segment and its contribution to the new Company - is three years ending on March 29^th, 2015. In addition, the composition of the Board of Directors shall be completed with one member, as representative of the employees, to be elected pursuant to the Articles of Incorporation of the Company.

Athens, April 2^nd, 2012

«AS COMPANY S.A»

COMMERCIAL INDUSTRIAL COMPUTER & TOY COMPANY

Company's Number in the Register of Societes Anonymes: 22949/06/Β/90/107

INVITATION TO THE REGULAR GENERAL ASSEMBLY

According to the Law and Article 22 of the Constitution, the B.O.D. of the Company «AS Commercial – Industrial Computer & Toy Company S.A.», by decision of 29/03/2012, announces the decision for the holding of its Regular General Assembly which will take place on Thursday 26^th of April 2012 at 10:00 a.m. at the company's registered seat, 2nd klm Palia Simmaxiki Odou, Diastavrosi pros Palaiokastro, Oraiokastro - Thessaloniki, upon issues of agenda:

• Submission and approval of the annual financial statements, for the fiscal year 2011 (1/1 – 31/12/2011) written according to the relevant reports of BoD and of the Auditor.
• Approval of the profit distribution, for the fiscal year 2011.
• Discharge of the BoD members and of the Auditor for liability, concerning the annual financial statements and the transactions of the fiscal year 2011.
• Election of one regular and one substitute Auditor for the auditing of the fiscal year 2012 and determination of their remuneration.
• Approval of paid remuneration to the Executive and Non-executive BoD members' for the fiscal year 2011 and pre-approval of their remuneration for the accounting period 2012.
• Election of new Board of Directors due to expiration of current term.
• Election of members of the Audit Committee according to the provisions of articles 37 of law 3693/2008 and 7 of law 3016/2002.
• Other announcements

In accordance with article 26 par. 2(b) and 28(a) of C.L. 2190/1920, as amended and supplemented, respectively, by article 3 and article 5 of Law 3884/2010, the Company informs the shareholders about the following:

In case, during above meeting, the required by the law quorum for the decision taking is not met, the shareholders are invited, at no further notice according to the article 29 of CL 2190/1920, to the 1st Repeat General Assembly that will take place on Monday, May 14th 2011 at 9:00 a.m. at the company's seat. Αll shareholders have the right to participate in the General Assembly and to vote in person or by representation. Each share gives right to one vote.

Right to participate in the General Meeting
Eligible to participate and vote in the General meeting are only the individuals or legal entities appearing as shareholders of the Company, kept electronically with the company HELLENIC EXCHANGE HOLDING, CLEARING, SETTLEMENT & REGISTRY S.A. (HELEX) on the start of the fifth (5th) day before the date set for the General Meeting, i.e. of 21 April 2012 (record date). The relevant certificate issued by HELEX in writing as evidence of shareholder capacity must be received by the Company no later than the third (3rd) day before the date set for the General Meeting, i.e. by 23 April 2012. Shareholders who are legal entities must within the same deadline submit their legalisation documents in accordance with the law.

The participation of shareholders in the 1st Repeat meeting of 10 May 2012 is subject to the same formal requirements.
The status of shareholder must exist at the start of the day of 11 May 2012 for the 1st Repeat General Meeting.

The relevant certificate issued by HELEX in writing as proof of shareholder status must be received by the Company no later than the third (3rd) day before the date set for the 1st Repeat General Meeting, i.e. by 11 May 2012.

.
Shareholders who are legal persons must within the same deadlines submit their legalisation documents in accordancewith the law.

For the Company, eligible to participate and vote in the General Meeting shall only be the persons having shareholder status on the corresponding record date. Where a shareholder fails to comply with the provisions of article 28(a) of C.L. 2190/1920, such shareholder may participate in the General Meeting only after being granted permission by it.

Exercise of the rights in question does not require blocking of the shares held by the beneficiary nor observance of any other procedure restricting the ability to sale and transfer these shares during the period of time between the record date and the date set for the General Meeting.

The information of article 27 par. 3 of C.L. 2190/1920, including the present invitation, the form for the appointment of one or more representatives and the draft resolutions on the items of the agenda shall be available in electronic form from the Company's website, www.ascompany.gr.

Thessaloniki, March 29th 2012

The Board of Directors

"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 April 02, 2012 Mr. Andreas Vgenopoulos, Chairman of the Board of Directors of MIG, acquired 515,214 MIG shares, with total net value of EUR 136,490.06.

Press Release

Commentary on Financial Results for the fiscal year 2011

Avenir Group is presenting its consolidated financial results for the fiscal year 2011 according to the International Financial Reporting Standards.

Precisely, revenue growth increased with the consolidated turnover reaching €150.694.797 versus €127.277.901 in 2010, increase of 18,4% despite the economic downturn and negative economic conditions of 2011, affecting the Groups business in Greece as well in Cyprus.

Group’s Gross Profit reached €9.965.749, an increase of 6.7 % versus €9.346.358 for the corresponding period of 2010.

Cutting back administrative expenses has been the main objective for the Management in 2011. More specific Avenir S.A (mother company of the group), presented reduction of 22% in administrative expenses while the cutting back of the Group’s expenses reached only 3,2% (despite Megabet’s 16% decrease in expenses) due to the Group’s subsidiary company Eurogoal.

Net Profits for the Group present losses of €24.479.179, as a result of:

• Negative economic situation in Cyprus which affected Group’s betting activity.
• Substantial depreciation of the capital of the subsidiary Eurogoal ‘group’ due to the investigated defraudation and transferring of all operations and partners-agents  to another company by the former CEO and executives of Eurogoal in Cyprus.
• Massive decrease in the financial performance of sportsbetting in one of the two Cypriot Groups, Eurogoal, primarily in relation to expected income due to illegal activities from Eurogoal’s employees and agents that are being investigated by the Cypriot Police.
• Substantial decrease of the financial results due to the increase of bank rates which are being applied for depreciation causes, as a result of the downgrade of the Greek as well as of the Cypriot Economy.

The most important issue that affected financial results of year 2011 was firstly, as mentioned above, the dramatic decrease of Eurogoal’s financial results, especially in relation to the expected income by Management. Secondly, the methodical transfer of the entire network of Eurogoal’s agents early in 2012, to another company established by the former General Manager Assistant and his associates of Eurogoal in Cyprus. In addition, the former General Manager of the Group in Cyprus seems that fully supported both financially and practically the above mentioned actions. This resulted to a significant impairment of the company’s surplus value as of 31.12.2011.  The turnover percentage of the group represented by the Eurogoal network in 2011 was 13,9%, although its contribution in administrative expenses represented 30% and its net profitability was negative for approximately €600.000.

In order to restitute and press charges Avenir’s Management appointed a reputable Law Firm in Cyprus to take legal action to the Cypriot Judicial Authorities. We have been briefed that (based on the conclusive evidence and supportive documents available to our Legal Consultants), all the evidence composes a strong case of criminal offences and civil claims.  Civil claims according to the lawsuit for impairment of assets are expected to exceed 20.000.000 €.

Finally, total assets during 31.12.2011 reached 28.864.697€, whereas total equity reached 17.018.762€.

In the Cypriot Market, despite the negative progress and methodical withdrawal of Eurogoal’s network agents, our Group will continue to develop its own network of LBO’s. New agencies have already joined the Group in the first quarter of this year and the network will gradually continue to grow under the Group’s strict conditions regarding timing and location. The ultimate goal of the company’s business plan, targets for 20 new LBO’s which will provide our full range of licensed products.

It should be outlined that the past two years Cypriot Authorities are trying to amend the legislative framework which supervises betting and gaming in Cyprus. Although, betting industry is a comprehensive and fully regulated market since 1990; lack of legislative framework for gambling (casino games and RNG) has created the need for a domestic legislation which will regulate gambling accordingly. Up until now, any operator, like AVENIR Group, holding international licenses, either for betting or games (casino and RNG) can operate normally. Gaming activities for the Group in 2011 represented 80% of turnover (€ 121, 3 million). Management strongly believes that the Cypriot Market, despite the contrary provided plans discussed occasionally within the Cyprus parliament, will be eventually forced to comply with EU directives; as it has already happened in Greece and other European countries.

Avenir was not active in the Greek Betting and Gaming Market during 2011 due to the fact that domestic legal framework was not fully integrated. Following recent development in August 2011 and the enactment of law 4002/11, the Group is fully prepared to initiate its activities as soon as this promising market legally opens up. Pending on final amendments of the official paper and the clear description of the terms of the licensing procedure, the Group will aim to enter the Online Sports betting market as well as the Online Live Casino (via the websites www.megabetsports.comand www.megabetcasino.com ). Furthermore, the VLT market which is regulated by the same law is of great importance for the Group. The group is legally active within the field since 2009 through ‘Casino Venues’ in ferries travelling in international routes from Greece to Italy (5 vessels) and from Albania to Italy (1 vessel). In 2011, precisely, this activity presented turnover increase by 6.48% and gross profit increase by 4.45%. This financial result is greatly encouraging given the fact that the Greek as well as the European economy suffers by unprecedented conditions of economic recession.

The issuance of the Convertible Bond Loan, decided in the beginning of 2012, and its successful partial or overall outcome, is a necessary precondition in order for the Group to materialize its objectives. The Group has sufficient expertise and know – how in the relevant fields, adequately regulated nowadays in Greece, which can be proved by its active involvement in the industry for the past decade.

Finally it’s worth mentioning the Group’s participation in the Privatization of ODIE (Hellenic Horce race Betting Organisation), where after 44 years of managing betting activities is to become private. The privatization process started in November 2011, when Avenir Group participated among 40 International Groups (according to the press). Only four companies were qualified in the final shortlist by the contractor and project director. Avenir group was among the four selected ones, the shortlist included PMU (France), Phumelela (North Africa) and Intralot Group (Greece). The competition is at the second stage while the submission of binding offers is expected to be completed within 2012.

The Company MOTODYNAMICS S.A. announces according to article 16 par. 3 of Law 3556/2007 and the resolution No 3/347/12.07.2005 of the Board of Directors of the Capital Market Commission, pursuant a relevant decision of the Ordinary General Meeting of the shareholders of the Company held on 17.05.2011, the signing – on 30.03.2012 – of one common bond loan contract totaling € 2.000.000 with EFG EUROBANK ERGASIAS S.A. and EUROBANK EFG CYPRUS LTD.
The loan has 2 years maturity and it will be used for the refunding of the existing Short Τerm Loans between the Company and EFG EUROBANK ERGASIAS S.A. MOTODYNAMICS S.A. has also appointed EFG EUROBANK ERGASIAS S.A. as bond manager, responsible for all bond payments and deposits.