Announcement of the Company in accordance with art. 14 of Greek law 3556/2007 and Greek law 3340/200

PAPOUTSANIS SA (the Company) in accordance with art. 14 of Greek law 3556/2007 and Greek law 3340/2005, informs the public that, in accordance with the TR1 notifications of Greek law 3556/2007 dated 02.01.2014 sent by the Cypriot companies Raguso Limited and Bolelli CO. Limited, the former transferred on 29.11.2013 in total 500.000 common, registered, voting shares of the Company and on 30.12.2013 in total 3.400.000 common, registered, voting shares of the Company changing its total shareholding interest in the Company each time by a percentage higher than 3% of the total number of shares and voting rights of the Company resulting to such interest falling below 2/3 of the total number of shares and voting rights of the Company.



In particular, on 29.11.2013, Raguso Limited held 34.852.347 common, registered, voting shares of the Company, corresponding to 68,6105% of the total number of shares and voting rights of the Company and on 30.12.2013, Raguso Limited held 31.452.347 common, registered, voting shares of the Company, corresponding to 61,92% of the total number of shares and voting rights of the Company.



Further to the above and in accordance with the above mentioned notifications, the total corporate capital of Raguso Limited is held by Bolelli CO. Limited and the ultimate beneficiaries of the total corporate capital of Bolelli CO. Limited are Mr. Menelaos Tasopoulos and Mr. Georgios Gatzaros, each holding 50%.