Response to enquiry by Hellenic Capital Market Commission
Response to enquiry by Hellenic Capital Market Commission
In response to the Hellenic Capital Market Commission's (HCMC) letter with reference number 1257/27.03.2013, pertaining to OPAP Group's activity and exposure to the economic turmoil inCyprusand according to L. 3556/2007 and HCMC's decisions 3/347/12.07.2005 and 1/343/03.07.2007, OPAP announces to investors that:
a. 1. OPAP's subsidiaries, OPAP Cyprus and OPAP Sports hold in Cyprus Popular Bank (CPB) total deposits of €1,758m.
2. Total OPAPCyprusand OPAP Sports deposits held at Cyprus Bank stand at €1,305m.
b. There is no exposure in any other financial product of any kind in the aforementioned banks.
c. The Cypriot subsidiaries' contribution to the Group's topline is less than 5% while their EBITDA contribution is less than 2% for 2012.
d. In any case the impact on the Group's financials is not significant since the contribution of the Cypriots subsidiaries is low.
OPAP S.A.
Peristeri, 27.03.2013