ΙΟΝΙΚΗ ΞΕΝΟΔΟΧΕΙΑΚΗ Α.Ε.

FIRST HALF 2009 RESULTS

In the first quarter of 2009, the company posted losses of Euro 0.2 million compared to losses of Euro 0.1 million last year. Earnings before interest, tax, depreciation and amortization (EBITDA) reached Euro 4.3 million compared to Euro 6.6 million, while turnover was Euro 17.6 million from Euro 21.8 million last year.