Comments of Press Articles

Loulis Food Ingredients_Comments of Press Articles

In relation to the press article of the printed financial press and more specifically to the article of the newspapers IMERISIA on 10/07/2008 and of AXIA on 12/07/2008 Loulis Mills SA informs the shareholders that: It is a fact that within the framework of the close cooperation that exists from the beginning, the company is having constant discussions with the Austrian Group of Companies LLI Euromills Gmb. However, up until today there is nothing arising from these discussions concerning the sale of percentages of the affiliate companies SC TITAN SA and SOFIA MEL AD. Or even of the mother company Loulis Mills SA. Regarding the expansion of both parties into Ukraine, Belarus, and Russia the company is stating that so far no such matter exists. Regarding the course of the core financial figures of the Group, the sales turnover is indeed estimated to amount around 110 million euro, however it is still not possible to make an accurate projection for the Earnings Before Taxes.

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