APPOINTMENT OF A NEW MEMBER OF THE BOARD OF DIRECTORS

Vassiliko Cement Works Public Company Ltd announces that the Board of Directors of the Company at its meeting held on 20 November 2014 appointed, with immediate effect, Mr. Antonis Mikellides as non-executive independent Member of the Board of Directors, to fill in the casual vacancy occurred as a result of the resignation of Mrs Rena Rouvitha Panou from the Board of Directors.

Antonis Mikellides

Mr. Antonis Mikellides was born in London in 1978. He studied at the University of Westminster where he obtained a BA degree in Business Computing and holds a Postgraduate degree in Shipping, Trade and Finance from City University London as well as a diploma in Terrorism Studies, focusing mainly on Marine Piracy, from the University of St. Andrews in Scotland.

Mr. Α. Mikellides joined Zela Shipping Co Ltd in London in 2002 as a fleet operator, and in 2006 was in charge of restructuring the fleet’s management company in Piraeus Greece. As from 2010 he has been a Director, Chief Financial Officer and Vice-President of Olympia Ocean Carriers Ltd and in 2012 also became a Director of Sea Trade Holdings. Mr. Antonis Mikellides has been elected on the Board of Directors of the Cyprus Union of Shipowners since 2009.