KRI-KRI SA announces that the Board of Directors, on its meeting as of October 12, 2015, elected Mr Georgios Tsinavos, as an executive member, replacing the resigned Mr Konstantinos Sarmadakis. Mr Sarmadakis will continue as a Finance Director, Investor Relations Officer and Corporate Releases Officer.

Therefore, the composition of Board of Directors is now as follows:

-Panagiotis Tsinavos, President & Managing Director, executive member,

-Georgios Kotsampasis, Vice President, executive member,

-Stamatios Skianis, executive member,

-Georgios Tsinavos, executive member,

-Georgios Tsiotras, independent non-executive member,

-Theodoros Xentes, independent non-executive member,

-Dimitrios Takas, independent non-executive member.