Announcement in accordance with the provisions of Greek Law 3340/2005

PAPOUTSANIS SA (the Company) in accordance with the provisions of Greek Law 3340/2005 and the decisions of the Board of Directors of the Hellenic Capital Market Commission issued thereunder informs investors that, in accordance with the notification dated and received by the Company on 8.11.2013 of the Cypriot company Raguso Limited, a legal entity related to Mr George Gatzaros and Mr Menelaos Tassopoulos who are its legal representatives but also members of the Board of Directors of the Company in which Raguso Ltd currently holds today 70,73% of the total number of shares and voting rights of the Company, Raguso Limited sold on 8.11.2013 by means of a block trade effected on the Securities Market of the Athens Exchange 579,000 common voting shares of the Company against €0.595 each.