The Board of Directors of “Hellenic Fabrics S.A.”, pursuant to the decision of the annual Shareholder's meeting on 30.06.2011 regarding the revaluation of the company's assets and the share capital increase, taking into consideration that the financial figures arising from the assets' evaluation report do not support, for the time being, their revaluation and that a share capital increase – given the present economic circumnstances - can not be realized by the end of the year, announces that it will not call an extraordinary shareholders' meeting for the above two subjects. The company's Board of Directors will re-examine these issues in reasonable time, within the first two months of 2012.