Announcement about the Recent Developments in Cyprus

Loulis Food Ingredients_Announcement about the Recent Developments in Cyprus

LOULIS MILLS S.A., following a question from the SEC with Ref 1257/27.03.2013 regarding the recent developments in Cyprus, informs investors that:

a) LOULIS Group does not keep deposits in Cyprus that exceed the amount of 100 thousand euro in Cyprus Bank and CPB and is not exposed to securities or financial instruments of these banks,

b) the percentage of consolidated sales in Cyprus stood at 0.12% for 2012,

c) is not expected to have significant impact on turnover, results and financial position of LOULIS Group for 2013 due to limited activity in Cyprus.

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