PRESS RELEASE

FINANCIAL RESULTS FOR THE FISCAL YEAR 2011

The consolidated turnover of VIOHALCOS.A.for the Fiscal Year 2011, amounted to € 3,536 mil., higher by 19,5%, compared with the previous year 2010.

The consolidated profits before taxes, financing, investing results and depreciation (EBITDA) amounted to € 176.6 mil., compared with € 158.6 mil., for 2010, increasing by 11.34%. Depreciation for the year amounted to € 143 mil. and financial costs  increased by 60%, compared with 2010. The consolidated results before taxes and minority rights amounted to a loss of € 47.1 mil. compared with a loss of € 28,8 mil. for 2010.  The net consolidated results after taxes and minority rights amounted to a loss of € 42.7 mil. or € -0.2141 per share, compared with a loss of € 20.9 mil. or € -0.1049 per share for the year 2010.

The results have been negatively affected by the continued severe financial depression of the Greek economy. As a result, local demand decreased significantly, especially for products used in construction.

In addition, the liquidity crisis increased financial costs and the increase in the cost of energy further decreased profit margins.    

The results before taxes of VIOHALCO S.A. for the year 2011, amounted to a loss of € 1.4 mil. compared with a profit of € 0.6 mil. for 2010.

The results after taxes amounted to a loss of € 1.5 mil. or € -0.0077 per share, compared with a loss of € 0.02 mil. or € -0.0001 per share for 2010.

Publication on March 29, 2012, after the end of the trading session of the Athens Exchange.

The Financial Data and Information for the period 01/01/11 – 31/12/2011 are published on March 30, 2012, in the newspapers KATHIMERINI and EXPRESS, and together with the Annual Financial Report for 2011, will be posted on the Company's web site,  www.viohalco.gr ,  as well as on the web site of the Athens Exchange www.athex.gr

29/03/2012