HELLENIC FABRICS S.A. announces to public investors and to the regulatrory authorities according to No.596/2014 Regulation of European Parliament and Council and other applicable provisions that, during Board of Directors meeting on 31.01.2017 and following the submitted resignation of the Managing Director Mr. Narkissos Georgiadis due to undertaken business commitments, has appointed for his replacement Mr. Ioannis Akkas.

Also the new Board of Directors was assembled as follows:

Ioannis Akkas,                           President and Managing Director, Executive Member

Narkissos Georgiadis,                   Non-Executive Member

Savvas Mirliaountas,                    Non-executive Member

Konstantinos Voulgaris,                Independent, Non-executive Member

Ekaterini Papatsa,                       Independent, Non-executive Member

For further information, please contact: Tel: +30 2310-366701 Fax: +30 2310-366760