PRESS RELEASE REGARDING 9M 2015 GROUP

FINANCIAL RESULTS

Halcor Group of companies announced its consolidated financial results for the nine-month period of 2015 according to the International Financial Reporting Standards (IFRS).

Consolidated revenue reached in nine months of 2015 Euro 927.1 mil. versus Euro 821.4 mil. in the respective period of 2014, increased by 12.9%, which is mostly due to the increased by 8.5% of the volume of sales as the average price of copper stood at Euro 5,117 per ton versus Euro 5,125 per ton during the respective period of 2014 and thus has not affected the revenue. Consolidated gross profit increased significantly reaching Euro 46.8 mil. versus Euro 24.3 mil. in the nine months of 2014 and consolidated results before interest, tax, depreciation and amortization (EBITDA) reached in the nine months of 2015 a profit of Euro 43.6 mil. compared to a profit of Euro 14.8 mil. in the respective period of 2014. Operational profitability has improved significantly as the consolidated result includes negative metal result of Euro 10.6 mil. due to the decline of metals prices in the international market especially during the third quarter of 2015, while for the respective period of 2014 the metal result was negative at Euro 8.9 mil. Consolidated results before tax and interest (EBIT) accumulated to profit of Euro 19.2 mil. versus losses of Euro 2.3 mil. for the respective prior year period. Consolidated earnings before taxes (EBT) amounted in the nine months of 2015 to a loss of Euro 17.4 mil. compared to losses of Euro 34.6 mil. in the respective period of 2014. Finally, the results after tax and minority interests amounted to a loss of Euro 21.4 mil. or Euro 0.2114 per share, compared to losses of Euro 26.2 mil. or Euro 0.2591 per share during the nine months of 2014.

In regards to the parent company's performance the results before interest, tax, depreciation and amortization (EBITDA) accumulated during the nine months of 2015 to profit Euro 12.2 mil. versus profit of Euro 9.4 mil. for the respective period of 2014. Results before tax and interest (ΕΒΙΤ) totaled to a profit of Euro 7.2 mil. versus profit of Euro 5.9 mil. for the respective prior year period. Earnings after taxes, amounted to loss of Euro 7.7 mil. in the nine months of 2015 compared to losses of Euro 5.6 mil. during the nine months of 2014. The metal result during the nine months of 2015 was negative at Euro 3.5 mil., compared to negative Euro 2.0 mil. for the nine months of 2014.

The major contributors to the consolidated results recovery was the improvement of profitability of the parent Halcor and of Hellenic Cables. The parent company achieved for another year a significant increase in the volume of sales while containing costs and Hellenic Cables for the first time after continuous investments in subsidiary Fulgor operated all production units as this period execution of all contracts regarding submarine cables carried on normally. The decline of the Euro versus the US Dollar and the GBP positively affected the Group's competitive advantage and profitability of exports to the UK, the United States and other USD denominated trading countries. Finally, low oil prices, even if partly offset by the strong USD rate, positively affected production and transportation costs.

For the rest of 2015, Halcor and its subsidiaries will continue to have as a strategic aim the increase of market shares in industrial products and the strengthening of activity in new markets that provide potential and higher growth perspectives.

 Published on Thursday, 26^th November, 2015, after the closing of the ASE

The data and information for the period 1.1.2015 - 30.9.2015 together with the Interim Summary Financial Statements for the same period will be posted on the Company's website at the address www.halcor.gr and the website of the ASE www.helex.gr.

Thursday, 26^th November, 2015