Anthoussa, January 27, 2012

SPRIDER STORES announces that according to its Board of Directors decision dated January 26, 2012, it will proceed to the sale of 654 common stock, which resulted from remnant fractions after the increase of the share's par value from EUR 0.30 to EUR 0.90 and the subsequent decrease (reverse split) of the 78,787,980 outstanding common registered shares of par value EUR 0.30 each, to 26,262,660 outstanding common registered shares of par value EUR 0.90 each, which were distributed pro bono to the current shareholders pro rata one (1) new share replacing three (3) held and which took place according to the relevant decision of the Extraordinary General Assembly, held on December 27, 2010.

Within this framework it was decided to assign the sale of the above shares to MERIT SECURITIES. The sale will take place on Wednesday, February 1, 2012 and the start price will not be lower than 5% as compared to the previous close price. Following to that, the proceeds of the sale will be deposited in Fund of Deposits and Loans in order to be collected by the entitled shareholders.

SPRIDER STORES with a new announcement will inform investors for the result of the sale as well as for the required procedure and supporting documents, in order for the entitled shareholders to collect the proportionate amount. For more information shareholders may contact SPRIDER STORES' Investor Relations Department (Tel: 0030 210 6609924, Fax: 0030 210 6667234, e-mail: ir@spriderstores.com, responsible: Mr. Thanos Maltezakis).