Athens, June 10 2016

Autohellas

Financial Highlights - First Quarter 2016

Positive dynamics in Turnover as well as in operating profitability which increased by 15% compared to the same period of 2015.

The Group's turnover for the first quarter reached ¤46,2mil., compared to ¤31,4mil. in 2015, while earnings before interest, taxes and depreciation and amortization (EBITDA) increased by 14,9% reaching ¤15,7mil. from ¤13,7mil. in 2015. Earnings after taxes (EAT) amounted to ¤ -1,6 mil. compared with ¤ -1,2 mil. during the first quarter where seasonality is at its weakest.

It should be noted that thefinancial results of the current period are not perfectly comparable with the respective results of the first quarter of last year as the business of SEAT cars import (Technocar) and retail activity and services cars (Velmar) have been absorbed and, from 12/2015, incorporated.

The turnover of car hire activities in Greece increased by 11,6% reaching ¤18.7mil. with a significant increase in both short-term leases and long-term leases to corporate customers.

Also positive is the Group's dynamic abroad, which is now active in seven countries (Bulgaria, Romania, Cyprus, Serbia, Montenegro, Ukraine, Croatia) with turnover reaching ¤8,9mil. an increase of 18%.

At the same time, the integration of new activities (car dealership) added ¤12,2mil. to the Group's turnover.

It should be emphasized that despite the weakness of the first quarter due to (a) seasonality in the field of short-term leases and (b) the market downturn in car sales by the temporary suspension of the withdrawal measure (which was afterwards applied for April-May), operating results (EBITDA) of the Group recorded an improvement of ¤2.0mil. or 15% reaching ¤15.7mil.

The outlook for the summer period seems positive in principle for the company, both in Greece where positive but small growth rates are expected, as well in some overseas markets, Croatia and Cyprus especially, where larger growth rates are anticipated.