Within the framework of the release of HELLENIC FABRICS S.A. Group's interim financial statements, for the first six-month period of 2016, and in accordance to paragraph 4.1.4.4. of ATHEX Regulation, the Group's management announces the following:

The ATHEX Board of Directors in its meeting of 24.11.2011 decided the transfer of the company's shares to the “Under Supervision Category”, effective from Friday, 25.11.2011, based on the fact that the company's annual financial report of 31.12.2010 reported losses in excess of 30% of its net value.

Also the ATHEX Board of Directors, decided in its meeting of 01/04/2014 and after a request of the Hellenic Capital Market Commission, the temporary suspension of the trading of the shares of the Company, due to the fact that the Company did not publish its annual financial statements for 2013 within the appropriate deadlines. In a new announcement dated 30/07/2014, after a request of the Capital Market Commission, the ATHEX Board of Directors announced that the temporary suspension of the trading of the Company's shares is still active and will be lifted when the independent auditor expresses an opinion for the financial statements of fiscal year 2013 and the Company publishes the interim financial statements of the first quarter of 2014, which were published on August the 6^th 2014. 

In the time elapsed between the decision for the transferring of the company's shares to the “Under Supervision Category” and the publication of the interim financial statements of 2016, it has not been possible to lift the reasons that  lead to the suspension of the shares' trading and allow trading of the shares again, according to the regulations of Athens Stock Exchange .

As the Group's Management announced in the published interim financial statements of the first six-month period of 2016, the lack of working capital created by the flood of 2013 in the factory facilities of denim in Pella, has resulted to stop temporarily the activity of the factory in order to constraint fixed costs of the specific factory and until the finalization of the process with the lending banks for its loan restructuring and also until sufficient conditions are created for its proper reoperation.

Main concern of the Group's Management still remains the rescuing of the Group, through an agreement with the banks in order to continue providing support for refinancing and loans' restructuring.

The above financial statements together with the Figures and Information 2016 are posted on the Athens Stock Exchange (www.helex.gr) and the company's websites (www.hellenicfabrics.gr).