Athens, Friday May 29, 2015

SIDENOR HOLDINGS S.A. 

ANNOUNCEMENT

Sidenor Holdings S.A. (hereinafter Sidenor Holdings) announces to the public that, in the frame of the ongoing process of the cross-border merger by absorption of Sidenor Holdings by the Belgian company Viohalco S.A. (hereinafter Viohalco), the common draft terms of the cross-border merger of the above companies, dated May 11, 2015, were registered, on May 29, 2015, in the General Commercial Registry (GEMI) of the Ministry of Economy, Infrastructure, Marine and Tourism.

It is reminded that, according to the common draft terms of the cross-border merger the proposal of the Boards of Directors of the merging companies to the General Meetings of the shareholders, with regard to the share exchange ratio, is 2.28000002656172:1 i.e. it is proposed that Sidenor Holdings shareholders exchange 2.28000002656172 Sidenor Holdings shares for 1 new Viohalco share, while Viohalco shareholders will keep the same number of shares.

The above are subject to the approval of the General Meetings of shareholders of the merging companies, expected to take place in the course of July 2015 and the fulfilment of all legal formalities.