The Board of Directors of CENTRIC MULTIMEDIA S.A. announces that, pursuant to the terms of the 05/09/2007 Convertible Bond Loan, the Sixteenth conversion period of the bonds into shares was from 06/03/2011-10/03/2011. During the said period no bondholder has exercised his option to convert bonds into shares. According to the terms of the Convertible Bond Loan, the next conversion period is from 06/05/2011-10/05/2011.