August 29, 2014 Athens, Greece – Within the framework of the release of M. J. MAILLIS S.A. financial statements for the 01/01/2014 – 30/06/2014 period and in accordance with paragraph 4.1.4.4. of ATHEX regulation, the investment public is informed that the company's shares remain listed in the “Under Supervision” category to which they were transferred on 3/4/2009 following the ATHEX BoD decision reached on 3/4/2009. The reason for the transfer to the “Under Supervision” category was that based on the 31/12/2008 full year financial statement, losses for the yearly period exceeded 30% of net position without any actions towards improvement of the situation via a share capital increase (article 3.1.2.5. of ATHEX regulation).   

Since then, the Group has launched an estensive operational restructuring and cost reduction program, the results of which are already evident in the improvement of company operations and in the reduction of operating costs resulting to an increase of group's profitability. The restructuring's second phase is in progress and we expect further reduction in expenses and production costs as the program unfolds.  It has to be mentioned that in June 2014, Maillis Group completed the new financial restructuring process resulting in the capitalization of existing debt amounting to 165.7 million Euros out of 252 million Euros, the improvement of the main terms of the two existing ordinary bond loans, and the support of the Company's liquidity, by the issue of new bond loan of ten million (€10.000.000), for working capital financing.