Space Hellas announces: According to the unanimous resolution of the Board of Directors dated      July 2^nd, 2012 the Board of Directors was re-constituted into a body, as follows:

1. Dimitrios Manolopoulos, son of Spyridon, Chairman, executive member of the Board.

2. Paraskevas Drossinos, son of Dimitrios, CEO, executive member of the Board.

3. Spyridon Manolopoulos, son of Dimitrios 1^st Vice-President, executive member of the Board.

4. Christos Bellos, son of Panagiotis, 2^nd Vice-President, non – executive member of the Board.

5. Georgios Lagogiannis, son of Panagiotis, executive Member of the Board.

6. Ioannis Mertzanis, son of Anastasios, executive Member of the Board.

7. Ioannis Doulaveris, son of Alexandros, executive Member of the Board.

8. Dimitrios Houhoulis, son of Evaggelos, Independent Non-executive Member of the Board.

9 Lysandros Kapopoulos, son of Konstantinos, Independent Non-executive Member of the Board.

The term of the Board of Directors remains as is (five (5) years) and ends with the election of the new Board of Directors of the Company from the General Assembly of the shareholders of the Company which shall be convened during the first semester of 2015, which means until the 30^th of June 2015 at the latest.

Moreover, the Board of Directors re-delegated representation rights and competencies of the Company.