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 under its authorization informs the investors that following the notifications dated and received by the Company on 01.10.2013 of the Cypriot company Spellerot Limited, a legal entity related to Mrs Mary Iskalatian, daughter of Sarkis, Chief Financial Officer of the Company, as it is 100% controlled by Mrs Mary Iskalatian, and Mr George Gatzaros son of Sotirios, Chairman of the Board of Directors of the Company, the above mentioned relevant people, under article 13 of Greek law 3340/2005, performed on 01.10.2013 the following transactions on the common shares of the Company:

• The Cypriot Company, Sperellot Limited, sold through OTC transaction to Mr George Gatzaros 14.000 common shares of the Company against €0,595 each.

• Mr George Gatzaros sold through a pre agreed transaction on the Securities Market of the Athens Exchange (a block trade) 421.000 common voting shares of the Company against €0,595 each.