Athens, Wednesday February 27, 2013

ANNOUNCEMENT

FISCAL YEAR 2012 RESULTS

2012 was characterized by the continuing economic crisis and the shrinking of the Greek economy, where the sector of building and construction activity in the last two years marked significant losses. This fact, in conjunction with the significant increase of cost of debt, the slowing growth in Central Europe and the adverse weather conditions that prevailed in the Balkans during the last winter, have adversely affected the financial results of SIDENOR Group.

More specifically, consolidated turnover decreased in 2012 by 16.1% standing at €1,046.7 mil. compared to €1,247.4 mil. in 2011. Consolidated EBITDA decreased by 22.2% standing at €27.1 mil. compared to €34.8 mil. last year. Net consolidated results after taxes and minority rights stood in 2012 at losses of 66.6 mil. euro (or losses of 0.6925 euro per share) compared to losses of 48.9 mil. euro (or losses of 0.5080 euro per share) in 2011.

Despite this unfavorable context and due to the improved inventories' and raw materials management, SIDENOR Group achieved to reduce its net debt in fiscal year 2012 by €20.3 mil. vs. 2011, with a corresponding improvement in operating cash of flows.

SIDENOR Group's management, within the conditions prevailing in the Greek market, adjusts accordingly the production of its plants, while at the same time strengthens its sales network in new foreign markets. The enhancement and further development of high value added products remains a key strategic objective and at the same time the efforts to reduce operating costs, are being continued at all levels.

Publication: Wednesday February 27, 2013, following the end of ATHEX's trading session

The Data and Information of the period 1.1.2012 – 31.12.2012 will be published together with the Annual Financial Report for the same period and will be posted on the company's website, www.sidenor.gr, as well as on the ATHEX website www.athex.gr , on February 27, 2013, following the end of ATHEX's trading ses