TITAN CEMENT CO. S.A.

Announcement pursuant to Law 3556/2007

Titan Cement Co. S.A. hereby announces, pursuant to Law 3556/2007 and Capital Market Commission Decision No. 1/434/3.7.2007, and following notification provided to it pursuant to Article 13 of Law 3340/2005, that the PAUL AND ALEXANDRA CANELLOPOULOS FOUNDATION, a legal entity closely associated with Mr. Nellos Canellopoulos, executive member of the Board of Directors of Titan Cement Co. S.A., on May 25, 2012 bought 1,000 common shares of the Company of a total value of € 11,018.00.

30.5.2012

2012 ROBUST START

REVENUES +15% & EBITDA +7%

INTRALOT S.A., the leading international gaming company, announces today its financial results for the three-month period ending March 31^st 2012, prepared in accordance with IFRS.

Consolidated Revenues for the period increased by 15.4% compared to 1Q11, reaching €347.2m. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) increased by 6.9% to €41.7m., while Earnings Before Taxes (EBT) reached €15.2m., posting a decrease of 6.1%. The quarter was cash-flow positive as Net Debt dropped by €9.6m in 1Q 2012.

Revenues for the parent company increased by 53.9%, to €40.8m. EBITDA increased to €8.5m from €2.4m in 1Q11. Earnings After Taxes (EAT) were €4.5m from €0.1m in 1Q11.

Commenting on 1Q12 results INTRALOT Group CEO, Mr. Constantinos Antonopoulos, stated: “We are pleased with our first quarter results, as the Group continued to grow both on a revenues and EBITDA basis despite the adverse sports betting results that impacted the industry in the period. This strong performance was achieved due to the strong diversification and internationalization of our business, as well as due to the continuous innovations that we have introduced, both at the technological and the operational levels.

The advantages of our selective investments in developed countries, which provide the needed stability to the business and occasionally significant growth opportunities, such as VLTs in Italy, and developing countries, which pose significant growth opportunities, such as sports betting in Azerbaijan, provided a good boost to our results among other well performing projects.

As mentioned a few days ago in our Annual Shareholders’ Meeting, the Group is implementing the “Blue Oceans Strategy”, meaning that we emphasize on innovation and differentiation, we create and set new trends, while expanding and reconstructing market boundaries.”

According to the provisions of paragraphs 3 and 4 of section 4.1.4.3.1 of the Regulation of Athens Exchange, MOTOR OIL (HELLAS) S.A. hereby announces its updated year 2012 Financial Calendar in order to include the return of capital amount of EURO 0.10 per share which has as follows:

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

Year 2011 ex-dividend date: Monday July 2^nd, 2012 (that is, after June 15^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.

Ex-return of capital amount date: Monday November 5^th, 2012 (that is, prior to December 21^st, 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 return of capital amount: Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T) dated Wednesday November 7^th, 2012 (record date).

First day of payment of the return of capital amount: Tuesday November 13^th, 2012.

MAROUSSI, MAY 30^TH, 2012

THE BOARD OF DIRECTORS

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 24.05.2012 and the Decision of the Board of Directors dated 25.05.2012, proceeded on May 29, 2012  through the member of the A.S.E. BETA Securities, with the purchase of 18,900 TERNA ENERGY’s shares at an average price of 1.0074 euros per share and at with a total transaction value of 19,039.24 euros.

INTRAKAT informs the investment community that the Financial Data and Information for the period from 01/01/2012 to 31/03/2012 will be published on Thursday May 31st, 2012 in the newspaper “HRIMATISTIRIO”.

On the same day, the Financial Data and Information together with the Interim Financial Statements under I.F.R.S. for the period from 01/01/2012 to 31/03/2012, company & consolidated, will be available at the company's website www.intrakat.gr, as well as at the ATHENS EXCHANGE website www.ase.gr.

The company “ELBISCO S.A. HOLDINGS” informs the investors that its interim separate and consolidated financial statements concerning the three months period ended March 31, 2012 will be available today in the company’s website (www.elbisco.gr) as well as in the website of the Athens Exchange (www.athex.gr). The figures and information related to the aforementioned period will be published tomorrow Thursday May 31^th 2012 in “EXPRESS”.

Wednesday, May 30, 2012 

ANNOUNCEMENT

PUBLICATION OF CENTRIC S.A.

Q1 2012 FINANCIAL STATEMENTS

CENTRIC HOLDINGS S.A. announces that the Financial Data and Information and the Interim Financial Statements for the period 01/01/2012 till 31/03/2012 according to IFRS will be published on Thursday, May 31, 2012 and will be available at the company's website www.centric.gr as well as the website of the Athens Exchange www.athex.gr the previous day after the closing of the Athens Exchange trading session.

For further information, investors may contact: Mrs. Zoi Mihoudi, Supervisor of Investor Services and Corporate Announcements, tel. +30 210 9480000. 

EUROMEDICA S.A.

30/5/2012

Release of Q1 2012 financial results

EUROMEDICA S.A.hereby informs the investing public and shareholders that the condensed Interim Financial Statements of the Company for Q1 2012, shall be published in the newspaper KERDOS on Thursday, May 31, 2012. The aforementioned statements shall also be posted, on the same day, on the website of the Athens Exchange (www.athex.gr) and the Company’s website www.euromedica.gr

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 following transactions dated 29.05.2012 on its shares by insiders (as per Article 13 of Law 3340/2005):

• purchase of 6,900 shares for a consideration of euros 4,193.70 by D&S JOANNOU (INVESTMENTS) LTD, a legal entity related to Board Chairman Mr Leonidas Joannou and Executive Director Mr Christos Joannou
• purchase of 4,100 shares for a consideration of euros 2,542,00 by Executive Director Mr Constantine Lysarides.

Marousi, May 30, 2012

Corporate Disclosure Service

AXON HOLDINGS S.A.

30/5/2012

Release of Q1 2012 financial results

AXON HOLDINGS S.A. hereby informs the investing public and shareholders that the condensed Interim Financial Statements of the Company for Q1 2012, shall be published in the newspaper KERDOS on Thursday, May 31, 2012. The aforementioned statements shall also be posted, on the same day, on the website of the Athens Exchange (www.athex.gr) and the Company’s website www.axonholdings.gr

ELVAL Group announces its financial results for the first quarter of 2012 based on the International Financial Reporting Standards.

During the first quarter of 2012, the consolidated sales amounted to € 238.5 million, being reduced by 12% compared to the respective quarter of 2011, and gross profits amounted to € 14.7 million from € 29.5 million. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 46% to € 15.7 million; profit before tax fell to € 900,000 compared to € 14.9 million and, finally, earnings after taxes and non-controlling interests amounted to € 1.6 million compared to € 11.4 million during Q1 2011 (earnings: € 0.013 per share compared to € 0.092 per share).

The results of the first quarter were affected by the reduced sales volume in the rolling sector, mainly due to the occasional deferment of production and sales to the second quarter (such variation will not affect the annual sales plan) and the considerable charge to the cost owing to external factors (increased price of natural gas and consumption tax on natural gas, increased transportation cost of products, high interest rates, etc). The extrusion sector is still under pressure due to the recession in the construction sector in Greece.

As regards the Group’s liquidity and leverage, the Group’s cash outflow from operating activities stood at € 8 million in the first quarter of 2012, this having resulted from the provisionally increased inventories that arose from the deferment of production while total net borrowing amounted to € 249.5 million. Finally, the capitalization expenses for amounted to € 7.8 million.

Published on Tuesday, 29 May 2012, following the end of ATHEX meeting

Note: The financial results of ELVAL Group for Q1 2012 were published on 30 May 2012 in “IMERISIA” newspaper and will be uploaded on the company’s website (www.elval.gr) and the website of the Athens Stock Exchange (www.athex.gr).

RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF THE SHAREHOLDERS OF “FRIGOGLASS S.A.I.C.” OF 29 May 2012

The Annual General Meeting of the shareholders of “FRIGOGLASS S.A.I.C.” took place on 29 May 2012. 90 shareholders representing 38.766.586 shares, out of a total number of 48.716.467 shares corresponding to 79.58% of the Company’s total number of shares were present or represented and voted at the Meeting.
The following matters on the Agenda were discussed and the following decisions were taken:
1)    The Management Report of the Board of Directors and the Report of the Company’s Chartered Auditor-Accountant on the Company’s Financial Statements and activities for the fiscal year 2011 (1.1.2011 – 31.12.2011) were submitted and approved.
2)    The Company’s annual Financial Statements for the fiscal year 2011 (1.1.2011 - 31.12.2011) and the consolidated Financial Statements were submitted and approved.
3)    The members of the Board of Directors and of the Auditors of the Company were released from any liability for their activity during the fiscal year 2011 (1.1.2011 - 31.12.2011).
4)    The remuneration of the members of the Board of Directors for their participation in the meetings of the Board of Directors and their services to the Company for the fiscal year 2011 (1.1.2011 - 31.12.2011) was approved and their remuneration for the fiscal year 2012 (1.1.2012 - 31.12.2012) was pre-approved.
5)    PricewaterhouseCoopers was elected as Statutory Auditors for the fiscal year 2012 (1.1.2012 - 31.12.2012) and the Board of Directors was authorized to determine its fees.
6)    Approved the election of Messrs. Doros Constantinou and Torsten Tuerling as members of the Board of Directors following the resignation of Messrs. Christodoulos – Robert Leventis and Petros Diamantides.
7)    Article 6 par. 2 of the Company’s Articles of Association was amended in order to increase the total number of members of the Board of Directors.
8)    Upon expiry of the term of the previous Board of Directors, a new Board of Directors was elected. The new Board of Directors consists of the following individuals:
1.    Haralambos David of Georgios, Non-executive member
2.    Ioannis Androutsopoulos of Constantine, Independent Non-executive member
3.    Torsten Tuerling, Executive member
4.    Doros Constantinou, Non-executive member
5.    Loukas Komis of Dimitrios, Non-executive member
6.    Evangelos Kaloussis of Ioannis, Independent Non-executive member
7.    Alexandra Papalexopoulos of Theodoros, Independent Non-executive member
8.    Christodoulos – Robert Leventis, Non-executive member
9.    Vasileios Fourlis of Stylianos, Independent Non-executive member
The term of service of the Board of Directors will expire in the Annual General Meeting of the shareholders which will be convened until the 30th of June 2015.
Also, the members of the Audit Committee provided by art. 37 of law 3693/2008 have been elected from the members of the Board of Directors as follows:
1.    Ioannis Androutsopoulos of Constantine, Independent Non-executive member
2.    Loucas Komis of Dimitrios, Non-executive member
3.    Doros Constantinou, Non-executive member
9)    Approved the adoption of a stock option plan for the Board of Directors, senior executives and personnel of the Company and its affiliates, in accordance with article 13 par. 13 and 14 of the Codified law 2190/1920.

All resolutions were taken by majority.

ENQUIRIES
Frigoglass
John Stamatakos
Investor Relations Manager
Tel: +30 210 6165767
E-mail: jstamatakos@frigoglass.com

European financial press contact
FTI Consulting
Mark Kenny/Jonathan Neilan
Tel: + 353 1 66 33 686
E-mail: Jonathan.Neilan@fticonsulting.com

Q1 2012 BUSINESS & FINANCIAL REVIEW

KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. announces that the figures and information for the period 01 January 2012 to 31 March 2012 will be published in newspapers KERDOS and DIMOKRATIA on Thursday 31 May 2012 and will be posted on the company’s website at www.kiriacoulis.com. The interim financial statements for the period 01 January 2012 to 31 March 2012 will be posted on the above website as well.

Athens, 30 May 2012

Pursuant to a resolution of the Board of Directors and according to the provisions of the Law and of the Company’s Codified Memorandum and Articles of Association, the Shareholders of MOTOR OIL (HELLAS) S.A. are invited to an Ordinary General Meeting on Thursday, June 28^th, 2012 at 12:30 hours, to be held at the NJV Athens Plaza Hotel, 2 Vassileos Georgiou A´ Street, Syntagma Square, Athens for discussion and decision on the following matters of the agenda:

1. Approval of Financial Statements (on a Consolidated & Parent Company basis) for the fiscal year 2011 (1.1.2011 - 31.12.2011) together with the accompanying BoD and Auditor Reports.
2. Discharge of the Members of the BoD and of the Auditors from any liability for damages with regard to the Financial Statements and activities during the above mentioned accounting year.
3. Election of the Members of the new Board of Directors as the term of service of the existing Board expires.
4. Appointment of the Members of the Audit Committee according to article 37 of the Law 3693/2008.
5. Approval of a Dividend for the fiscal year 2011.
6. Election of two Certified Auditors (ordinary & substitute) for the accounting year 2012 and approval of their fees.
7. Approval of the fees paid to BoD Members for 2011 and pre-approval of their fees for 2012.
8. Return of capital to shareholders through reduction of the share capital of the Company with subsequent reduction of the share nominal value and respective amendment of article 5 of the Company Memorandum & Articles of Association.

Only the individuals and legal entities registered as shareholders of MOTOR OIL (HELLAS) S.A. in the electronic files of the “Hellenic Exchanges – HELEX – Holding S.A. Clearing, Settlement and Registry” (previously known as “Central Securities Depository” which is the authorised body at which Company securities are kept in dematerialised form) at the beginning of the fifth day (record date: Saturday June 23^rd, 2012) prior to the date of the Annual Ordinary General Meeting will be eligible to participate and vote. Proof of shareholder status will be evidenced by presenting the relevant certificate issued by “HELEX” in paper format or, alternatively, through direct Company access to the “HELEX” electronic files. The Company must safely receive the relevant “HELEX” certificate or the electronic confirmation denoting the shareholder status on the third day prior to the date of the Annual Ordinary General Meeting at the latest. Shareholders who do not comply with the provisions of article 28^a of the Codified Law 2190/1920 can only participate in the meeting following permission granted by the General Assembly. There is no requirement for share blocking on behalf of the entitled shareholders or other similar procedure limiting the ability to sell or transfer the shares during the intervening period between the record date and the Ordinary General Meeting date.

In case that the required quorum, according to the Law and the Company Codified Memorandum and Articles of Association, is not achieved and because of this reason decisions on the matters on the agenda cannot be made, a First Repeat Meeting will be held on Tuesday July 10^th, 2012 at 14:00 hours at the above NJV Athens Plaza Hotel (2 Vassileos Georgiou A´ Street, Syntagma Square). In case no quorum is attained during the First Repeat General Meeting, a Second Repeat General Meeting will follow on Tuesday, July 24^th, 2012 at 14:00 hours likewise at the above hotel. Record dates are Friday, July 6^th, 2012 and Friday, July 20^th, 2012 for the First and Second Repeat General Meetings respectively. The Company must safely receive the relevant “HELEX” certificate in paperformat or the electronic confirmation denoting the shareholder status on the third day prior to the date of the First or Second – as the case might be – Repeat General Meeting, at the latest.

Eligible shareholders, as defined above, can participate in the Annual Ordinary General Meeting of the Company in person or through legally authorised representatives by presenting a copy of their S.A.T. details and their Identification Card (ID) or other documentation proving their identity.

Each shareholder has the right to appoint up to three (3) representatives. Legal Entities may participate in the Annual Ordinary General Meeting by appointing up to three (3) persons as their representatives. Nevertheless, if a shareholder keeps MOTOR OIL (HELLAS) S.A. shares in more than one securities accounts, the limitation in the number of representatives does not prevent the shareholder from appointing different representatives for the shares kept in each separate securities account in connection to the Annual Ordinary General Meeting. A representative acting on behalf of several shareholders may vote in a different way for each shareholder.

A shareholder representative is under the obligation to disclose to MOTOR OIL (HELLAS) S.A., prior to the commencement of the Annual Ordinary General Meeting, any specific fact, which may be useful to Company shareholders for the assessment of the likelihood that the representative may serve interests other than those of the represented shareholder. Within the context of the present paragraph, a conflict of interest may arise particularly in cases in which the shareholder representative:

a)      Is the controlling shareholder or other legal entity or body controlled by the controlling shareholder of MOTOR OIL (HELLAS) S.A.

b)      Is a member of the Board of Directors or the management team of MOTOR OIL (HELLAS) S.A. in general or of the controlling shareholder or other legal entity or body controlled by the controlling shareholder of MOTOR OIL (HELLAS) S.A.

c)      Is an employee or certified auditor of MOTOR OIL (HELLAS) S.A. or of the controlling shareholder or other legal entity or body controlled by the controlling shareholder of MOTOR OIL (HELLAS) S.A.

d)      Is the spouse or first degree relative of one of the persons mentioned in the above cases a) to c).

The relevant representation (proxy) form is available at the Company website (www.moh.gr menu option: Investor Relations / Shareholder Structure) and has to be duly signed and submitted or sent by post to MOTOR OIL’s (HELLAS) S.A. registered address (12A Herodou Attikou street, 151 24 Maroussi) in good time for receipt three (3) days prior to the Annual Ordinary General Meeting date or the Repeat General Meeting date. Shareholders having no access to the Company website can secure copies of the representation (proxy) form by calling at the Company Shareholders’ Office (tel: +30 210 8094 042 person responsible: Ms Gipari) which will attend to dispatch arrangements. Due to lack of a relevant provision in the Company Memorandum and Articles of Association, the use of electronic means for the appointment and annulment of shareholder representatives will not be accepted.

Each registered share issued by the Company is entitled to one vote. Due to lack of a relevant provision in the Company Memorandum and Articles of Association, remote participation and voting as well as participation and voting through electronic means in the Annual Ordinary General Meeting or the possible Repeat General Meeting will not be feasible.

Pursuant to the provisions of article 26 of the Codified Law 2190/1920 as it is in force, the Company hereby informs its shareholders that:

• Shareholders representing 1/20 of the paid up share capital of the Company have the right to request from the Board of Directors to include additional matters on the daily agenda of the Annual Ordinary General Meeting provided that the submission of the relevant request should come to the notice of the Board of Directors at least 15 days prior to the Annual Ordinary General Meeting date. The request for the inclusion of additional matters on the daily agenda must be accompanied by justified opinion or draft decision for approval by the General Assembly (Codified Law 2190/1920, article 39 paragraph 2).
• Shareholders representing 1/20 of the paid up share capital of the Company through a request which should come to the notice of the Board of Directors at least 7 days prior to the Annual Ordinary General Meeting date have the right to ask for draft decisions on the matters included on the initial or the revised agenda of the Annual Ordinary General Meeting (Codified Law 2190/1920, article 39 paragraph 2^a).
• Following a request by any Company shareholder, provided this request is submitted to the Company at least 5 full days prior to the Annual Ordinary General Meeting date, the Board of Directors is under the obligation to provide to the General Assembly the specific information requested regarding corporate affairs, to the extent that such information is useful for the correct appreciation of the matters on the daily agenda. No obligation for provision of information exists when the relevant information is available through the Company website. Moreover, following a request by shareholders representing one twentieth (1/20) of the paid up share capital, the Board of Directors is under the obligation to announce to the General Assembly, provided this is an Ordinary one, the amounts paid to every member of the Board of Directors or to Company executives during the past two year period, as well as any perks to these individuals for whatever reason or contractual agreement between them and the Company. In all above cases the Board of Directors may refuse to grant the information on the grounds of sufficient substantial reason, which has to be stated in the Minutes of the General Meeting (Codified Law 2190/1920, article 39 paragraph 4).
• Following a request by shareholders representing 1/5 of the paid up share capital of the Company which has been submitted to the Company at least 5 full days prior to the Annual Ordinary General Meeting, the Board of Directors is under the obligation to provide to the Ordinary General Assembly information regarding the course of business affairs and the financial position of the Company. The Board of Directors may refuse to provide such information based on sufficient and material reason which is recorded in the Minutes of the General Meeting (Codified Law 2190/1920, article 39 paragraph 5).

The full text of the above mentioned paragraphs 2, 2^a, 4 and 5 of article 39 of the Codified Law 2190/1920 is available at the Company website (www.moh.gr menu option: Investor Relations / Shareholder Structure).

All information pursuant to paragraph 3 of article 27 of the Codified Law 2190/1920 (invitation to the Annual Ordinary General Meeting, number of Company shares outstanding and the corresponding number of voting rights, comment of the Board of Directors on the matters on the daily agenda, representation (proxy) form for the Annual Ordinary General Meeting) is available at the Company site (www.moh.gr, menu option: Investor Relations / Announcements – Press Releases / General Shareholders’ Meetings or/and: Investor Relations / Shareholder Structure). Copies of the above mentioned documents are also available at the Company Shareholders’ Office (12AHerodou Attikou street, Maroussi, tel.: +30 210 8094 042).

Maroussi, May 28^th, 2012

THE BOARD OF DIRECTORS

According to paragraph 4.1.4.4 of the ASE Rulebook, the shares of Forthnet S.A., by 24.11.2011 resolution of the B.o.D of ASE, were transferred to the “Under Surveillance Segment”, for the reasons previously announced by Forthnet.

Following the announcement of 10.04.2012, Forthnet informs the investing public that, taking into consideration the general macroeconomic situation with an aim of removing the shares for the Under Surveillance segment, has committed itself in undertaking all steps necessary towards enhancing operational profitability and liquidity and reducing the effects of the impairment of goodwill on the Group’s accounting results and equity base. The result of the above commitments is reflected in the financial results of Q1 2012, despite the volatile economic environment and current circumstances.

IR RELEASE ENG

IR RELEASE GREEK

Kifissia, 30 May 2012

PRESS RELEASE

Group Financial Figures - Q1 2012

ELLAKTOR Group of companies announces its financial results for the first quarter of 2012, under the International Financial Reporting Standards (IFRS).

The consolidated turnover stood at €280.65 million for the first quarter of 2012, compared to €360.98 million for the same period in 2011, down by 22.25%.

Consolidated earnings before interest and taxes (EBIT) stood at €27.21 million for the first quarter of 2012, compared to €24.52 million for the same period in 2011, up by 10.96%. Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at €51.68 million, compared to €51.42 million for the same period in 2010, up by 0.5%.

Consolidated earnings after taxes stood at €7.19 million compared to €6.56 million, up by 9.57%, while earnings after taxes and minority interest for the first quarter of 2012 were €2.34 million compared to €1.80 million for the same period in 2011, up by 30.14%.

Consolidated earnings after taxes per share stood at €0.014 compared to €0.010 for the same period in 2011.

More specifically:

• The construction segment of the Group (construction and quarries) recorded a turnover of €193.60 million for the first quarter of 2012, compared to €267.83 million for the same period in 2011, down by 27.72%. Operating results from construction recorded to profits of €0.19 million compared to losses of €4.1 million for the same period in 2011. Results after taxes recorded losses of €4.79 million compared to losses of €8.35 million for the same period in 2011. The Group’s backlog of construction activities stands at €2.8 billion.
• The Concessions segment recorded consolidated revenue of €58.98 million for the first quarter of 2012, compared to €69.19 million, down by 14.75%, operating profits (operating results) of €17.56 million compared to €20.70 million, down by 15.18%, and net earnings after taxes of €10.28 million compared to €11.60 million, down by 11.35%.
•  The Environment segment recorded turnover of €18.57 million for the first quarter of 2012, compared to €17.87 million, up by 3.91%, operating results of €5.13 million compared to €6.28 million, down by €18.27%, and net earnings after taxes of €3.99 million compared to €4.50 million, down by 11.26%.
• The Wind Farms segment recorded consolidated revenue of €7.80 million for the first quarter of 2012, compared to €4.81 million, up by 62.07%, operating results of €4.43 million compared to €2.30 million, up by 92.49%, and net earnings after taxes of €1.83 million compared to €1.11million, up by 63.97%.
• The Real Estate Development segment recorded consolidated revenue of €1.51 million for the first quarter of 2012, compared to €0.86 million, up by 76.61%,  operating results (profits) of €0.16 million compared to losses €0.38 million, and losses after taxes of €0.52 million, compared to losses €0.65 million.

At parent company level, for the first quarter of 2012 there weren’t sales while for the  same period in 2011 amounted to €0,06 million, earnings before interest, taxes, depreciation and amortisation stood at €0.16 million, compared to €3.34 million for the  same period in 2011. Earnings before taxes recorded losses  €3.63 million compared to profits of €1.37 million for the same period in 2011, and earnings after taxes recorded losses €3.65 million for the first quarter of 2012, compared to profits of €1.17 for the same period in 2011.

Press Release for 3M 2012 Financial Results

SEE ATTACHED FILES

The company Minoan Lines S.A. announces that the legal entity (GRIMALDI COMPAGNIA DI NAVIGAZIONE Spa) associated with Mr Emanuele G. Grimaldi Chairman of the Board of Directors (Liable person according to the article 13 of L. 3340/2005) on May 28, 2012, bought 700 ordinary shares of a total value of € 1,421.00.

The aforementioned announcement is in accordance with L. 3556/2007 (art.3 and 21) and in combination with the resolution of the H.C.M.C. 1/434/3.7.2007 (Art. 11).

Please read the press release

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.

MLS Multimedia announces the financial results for the first quarter 2012.Turnover reached €2,1 million from €2,8 million in the respective last year’s period(-25%). EBITDA reached €1,2 million in comparison with €1,6 million in the same period last year, a decreace of 23%.  Net result after taxes during the first quarter amounted to €436 thousand against €849 thousand  in the first quarter 2011.

Net worth reached €17,6 million from €17,4 million in 31.03.2011. The company has no loans and satisfying liquidity.

First quarter 2012 results are not directly comparable to the first quarter 2011 which include revenues from the project of the interactive white board, the MLS IQBoard, a project of total amount €1,6 million(2010-2011). MLS participates in 2012 in the new public tenders of total amount €2,8 million and expects the results till the end of 2012.

In any case, the first quarter 2012 is a better one in comparison to the last quarter 2011 due to the international sales.

TERNA ENERGY: 1^st Quarter 2012 Results

Increase of net earnings by 56.9%

According to the financial statements of 31/03/2012, which were prepared in accordance with the International Financial Reporting Standards, the 1^st quarter 2012 results of TERNA ENERGY are as follows:

Consolidated sales amounted to 26.1 mil euro compared to 13.2 mil euro during 1^st quarter 2011, posting a 97.7% increase due to the increase of income from the Company’s energy activities as a result of the higher installed capacity compared to the previous period both inGreece and abroad.

Income from the energy sector amounted to 18.7 mil euro compared to 9.5 mil euro in 1^st quarter 2011, posting a 96.8% increase.

Sales of the Company’s construction sector towards third parties amounted to 7.4 mil euro in Q1 2012 compared to 3.7 mil euro in the same period last year, posting a 100% increase.

Earnings before interest tax depreciation and amortization (EBITDA) amounted to 13.1 mil euro compared to 5.8 mil euro in Q1 2011, posting an increase of 127.2%. Earnings before interest and tax (ΕΒΙΤ) amounted to 8.4 mil euro, increased by 119.8% compared to 3.8 mil euro during Q1 2011. Correspondingly, earnings before tax amounted to 5.7 mil euro versus 3.8 mil euro in Q1 2011, thus posting a 50% increase. Net earnings after minority interest, amounted to 4.1 mil euro compared to 2.6 mil euro the previous period, thus increased by 56.9%.

The Group’s investments during the first quarter 2012 amounted to 65.5 mil euro, as the investment plan is underway.

Cash flows from operating activities before changes in working capital amounted to 13.1 mil euro compared to 6.2 mil euro the previous period, while the Group’s net cash position (cash & cash equivalents minus bank debt) settled at 220.4 mil euro.

The total installed capacity on Group level accounts for 350 MW, while the Group has RES facilities under construction or ready to build of a total capacity 391.5 MW inGreeceand abroad.

The Company has production licenses for additional 1,482 MW of wind parks, while it also has production licenses for 362 MW hydroelectric projects. Overall, the Company operates, is constructing or has full licensing of 733 MW of RES installations in Europe and America.

Information:

Investor Relations: Aristotelis Spiliotis, tel + 30 210 69 68 431, tspiliotis@terna-energy.com

Press Office & Public Relations: Konstantinos Lamprou, tel + 30 210 6968445, klamprou@gekterna.com

GEK TERNA Group:   Results 1^st Quarter 2012

According to the financial statements of 31/03/2012, which were prepared in accordance with the International Financial Reporting Standards, the 1^st quarter results of 2012 for the GEK TERNA Group are as follows:

Consolidated sales of GEK TERNA amount to 159.7 million euro compared to 171.6 million euro during Q1 of 2011, thus decreased by 6.9% mainly due to lower sales from the construction segment.

Earnings before interest tax depreciation and amortization (EBITDA) of the GEK TERNA Group amounted to 30.4 million euro, compared to 19.3 million euro, posting an increase of 57.5% compared to Q1 of 2011 which was mainly attributed to the Energy segment. Correspondingly, earnings before interest and tax (ΕΒΙΤ) of the Group amounted to 15.9 million euro, compared to 8.9 million during the respective period of 2011, thus increased by 76.9%. Earnings before tax posted an increase of 9.4% and amounted to 2.4 million euro compared to 2.2 million euro during the respective period of 2011, while net earnings before minority interest, amounted to 1.8 million euro compared to 2.5 million during Q1 of 2011. Net earnings after minority interest amounted to 0.3 mil euro compared to net earnings of 1 mil euro the respective period of 2011. The Group’s total investments during the period amounted to 70.8 million euro and mainly refer to the Renewable Energy Sources segment.

Total net bank debt amounts to 637.6 million euro, while the Group maintains cash equivalents of 338.3 mil euro and total bank debt amounts to 975.9 mil euro. Total equity amounted to 663.4 million euro.

As regards to the individual activities: the Group’s construction backlog amounts to approximately 1.76 billion euro, 34% of which corresponds to Foreign markets. The construction turnover for third parties amounted to 92.9 million euro compared to 128million during Q1 of 2011, posting a 27.4% decrease, while operating results (EBIT) of the segment amounted to -0.7 mil euro compared to 2.3 mil euro the respective period of 2011.

In the Real Estate segment, sales amounted to 0.6 million euro compared to 1 million the respective period last year, resulting in operating losses, mainly from valuations, of 2.3 million euro compared to operating profit of 0.3 million euro during Q1 of 2011.

In the Concessions sector, turnover amounted to 5.3 million euro compared to 7.2  million euro during Q1 of 2011, posting a 26.7% decrease, while operating profit (EBIT) decreased to 0.3 million euro compared to 1.2 million during the respective period last year. Income from the segment is mainly attributed to the management of theIonian Roadproject and from the management of car parks.

From the segment of Energy production from thermal sources, income for the Group amounted to 41.2 mil euro compared to 24.3 mil euro during Q1 of 2011, while operating profit (EBIT) amounted to 5.9 mil euro compared to 3.6 mil euro during the respective period of the previous year.

In the Renewable Energy Sources (RES) sector, through TERNA ENERGY, a subsidiary of GEK TERNA S.A., the Group currently operates 350 MW of energy production facilities from Renewable Sources inGreece,PolandandBulgaria, while another 391.5 MW are either under construction or ready for construction. From the latter, 235.5 MW are inGreece, 18 MW inPolandand 138 MW in the USA.

Income from the production of energy from RES amounted to 18.7 mil euro, compared to 9.5 mil euro during the respective period of 2011, increased by 96.7% while operating profit (EBIT) amounted to 8.3 mil euro compared to 3.7 mil euro during Q1 of 2011, posting a 122% increase.

Information

Investor Relations: Aristotelis Spiliotis, tel + 30 210 6968431, tspiliotis@gekterna.com

Press Office & Public Relations: Konstantinos Lambrou, tel + 30 210 6968445, klamprou@gekterna.com

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