ALPHA TRUST ANDROMEDA S.A. released its financial results for the six months into 2012 under the International Financial Reporting Standards.

Optimism about the global economy has prompted the major international stock markets to a good start in the first quarter of 2012, with continued liquidity offered by the ECB and positive signs from theUSeconomy. However, sentiment deteriorated during the second quarter with volatility spiking and strong bids on safe-haven assets. InGreece, despite the successful completion of the PSI, concerns over the election results led the Athens Exchange General Index below 500 points, at levels last seen 20 years ago.

Despite these challenging conditions, ALPHA TRUST ANDROMEDA recorded profits after tax of EUR 1.00 million in its first half results. In last year's respective period the company recorded losses of 3.64 million which are however not comparable as ANDROMEDA has proceeded with cash returns totaling EUR 30.86 million since the beginning of 2011.

ANDROMEDA's total assets at the end of the second quarter stood at € 4.67 mil., increased by 27.27% from the beginning of the year, while the company's portfolio at market prices, including treasury shares, was 76% invested in domestic equities, 3.96% in bonds, 11.46% in mutual funds, while 8.56% was held in cash.

ANDROMEDA's Net Asset Value (NAV) per share at June 30^th, stood at € 0.174 while its share price was € 0.173, thus trading at a discount of -0.51%

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The geographical allocation of the Company's portfolio at the 30^th of June was 90.82% inGreece, 7.65% in Eurozone countries (excludingGreece), and 1.53% in theUSA.

Finally, the company's top ten equity holdings at June 30,2012 were  INFORM P. LYKOS, THRACE PLASTICS, S&B, FRIGOGLASS, ELVE, QUEST HOLDINGS, MOTOR OIL, PIRAEUS PORT AUTHORITY, AEOLIAN INVESTMENT FUND and PLAISIO COMPUTERS.

Kifissia, 25 July 2012