The Annual General Meeting of Jumbo shareholders was held on Friday, 17th October at the company's headquarters. At the General Meeting 424shareholders were present, representing the 77,31% of the company's share capital.

The shareholders approved the distribution of a dividend of € 0,18.

The management informed the shareholders- partners that during the first quarter of the current financial year (July, August, September 2014) sales increased by + 10,92% y-o-y at € 145,51 million from € 131,19 the respective period last financial year..

This performance is attributed to the positive growth rate of the stores inGreecethanks to the good tourist period of the country. The stores inBulgariaand inCypruscontinue to record double digit sales growth while the two stores inRomaniaalso contributed to the Group's performance.

The management noted the most important quarter for the Group's performance was the second one that also includes the Christmas sales.

According to the budget for the fiscal year 2014-2015, sales are expected to increase between 4% -6%, while net profit is estimated to stand at EUR 90 million – EUR 95 million.

Today, the Jumbo store network has 67 stores, 53 out of which are located in Greece, 4 in Cyprus, 8 in Bulgaria and 2 in Romania as well as the on line store e-Jumbo.

The company's management has informed its investors that by December 2014 the operation of two new hyper - stores inRomaniawill begin. The one inBucharest(12,000 m²) and the other inOradea(12.000 m²) while another super-store is expected to open inArad(12.000m²) during the second half of the current financial year.

Also, during the current financial year it is expected a new JUMBO store inCyprus(12,000 m²) and a store in Peloponnese of Greece (9,000 m) to open.