Agios Stefanos, 28/2/2020

The Company with the name "FOLLI-FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL SOCIETE ANONYME” and the distinctive title “FF GROUP” (hereinafter the “Company”), announces that the new Board of Directors, as proposed by the Hellenic Capital Market Commission and was ratified, by the Judicial Order of the Chairman of the One-Member Court of First Instance in Athens on 19/2/2020, and was subsequently constituted on 20/2/2020, explicitly supports the launched consolidation process of the Company, and monitors daily the proper and faithful compliance with the Consent Solicitation to the Creditors in accordance with the Judicial Order dated 19/2/2020 by the Chairman of the First Instance Court of Athens to the Board of Directors to carry out the Rehabilitation of the Company, which has been posted on the Company's website. In addition, the Board of Directors is doing everything necessary to achieve the fastest possible completion of the Company's management audit by the designated independent audit firm.

This announcement is released by the Company in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and Section 4.8 of the Rule Book of the Athens Exchange. It contains information that qualifies as inside information for the purposes of Article 7 of MAR. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, the person responsible for arranging the release of this announcement on behalf of the Company is Mantalena Kasidiaropoulou, Head Investor Relations.

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