Replying to the letter as of 27/3/2013 of Hellenic Capital Market Commission regarding the specification of the Group's exposure to Cyprus market, KRI-KRI Milk Industry announces that:

The Group does not retain deposits in any bank account held in Cyprus.

The Group has no exposure to any financial assets (such as bonds or shares) or other financial instruments issued by the Bank of Cyprus or the CPB.

The turnover of the company in Cyprus, for the fiscal year 2012, amounted to 0.6% of the total turnover of the Group.

KRI-KRI estimates that the recent economic developments in Cyprus will not have any material impact on its turnover, its financial results and its financial position. However, in the extreme event of complete insolvency of its customers in Cyprus, KRI-KRI expects to suffer a loss of less than € 100.000, arising from bad debts and profit loss.