AUTOHELLAS S.A.

REPLY TO THE QUESTION FROM THE CAPITAL MARKET COMMISSION

Autohelas SA, following the relevant questions by the Hellenic Capital Market Commission addressed to all members of the Athens stock exchange in relation to Companies' activities in the country of Cyprus announces the following:

 

A)   The company's subsidiary has the following deposits in Cyprus:

CPB: €70,023

Bank of Cyprus €8,921

The above deposits represent 0.7%0 of total Autohellas group deposits.

Autohellas SA (parent company) has no deposits in the abovementioned Banks.

B)   Autohellas (parent and subsidiaries) holds no transferable securities (shares/Bonds) or any other financial instruments in Bank of Cyprus or CPB.

C)   Cyprus represented in 2012 4.3% of total Autohellas group consolidated turnover.

 

D)  This 4.3% is divided equally between short term and long term (Op.Leasing) rentals. Short term rentals in Cyprus (in other words 2.15% of total consolidated turnover), depends on incoming tourism and is not expected to be affected substantially. Long term rentals (another 2.15% of total consolidated revenue), is highly dependable on Cypriot domestic market and as a result it is expected to be influenced by current economic conditions. But it is still too early to make any accurate estimation on how much this segment of the subsidiary's business will be affected.