ELMEC SPORT S.A.

Announcement according to Law 3556/2007

In order to provide more complete and accurate information to the investment community, Elmec Sport SA, provides clarification on its announcement on the 14th of November that was sent to the Athens Stock Exchange, as shown below:
Elmec Sport SA, in accordance to Law 3556/2007, Decision 1/434/03.07.2007 and Decree nr. 33 of the Hellenic Capital Market Commission, announces that we have received information from the following persons which are bound to disclosure under the Law 3556/2007 for the following transaction:
a) Mr Koutsolioutsos Dimitrios
b) the company Folli-Follie S.A.
c) The company Hellenic Duty Free Shops SA (HDFS)
The company Hellenic Duty Free Shops SA (HDFS), our main shareholder has acquired an additional 3% (i.e. 1.711.883 ordinary registered voting shares). HDFS exceeded the 3% limit on the 12th of November. After this transaction Hellenic Duty Free Shops SA owns 57.95% (i.e. 32.103.961 ordinary registered voting shares).