Following the announcement of 8-11-2012, the company “Thrace Plastics Co S.A.” informs the investors that it has signed the final agreement for the sale of 50% participation held by its subsidiary “Thrace Plastics Pack S.A.” in the company Thrace Teknik S.A. that is based in Instanbul, for a total price of 810.000 euro, whereas the payment will take place gradually  

The company Thrace Teknik produces packaging boxes for ice cream, dairy products and other foods and has annual turnover of approximately 5.6 million, while the past years it posted marginal losses.

The Company's Management does not consider Turkey as a market with potential for further growth in the specific segment and from the above transaction on the one hand the Group will reduce its consolidated net debt by 2.5 million Euro and on the other it will increase its liquidity with the equivalent transaction amount.

It is noted that during the past financial year, the said company (Thrace Teknik) represented 1.1% of the Group's total turnover.