RESOLUTIONS OF THE ANNUAL GENERAL MEETING

We hereby wish to inform you that at the Annual General Meeting of the shareholders of Vassiliko Cement Works Public Company Ltd held on 25 June 2015 the following resolutions were passed:

(a) The Annual Report and Financial Statements of the Company for the year 2014 were approved.

(b) The payment of a dividend for the year ended 31 December 2014 amounting to €4.316.157 corresponding to €0,06 per ordinary share was approved.

The dividend will be paid to the entitled shareholders of the Company that will be registered at the CSE registry as at 7 July 2015 (record date).  The shares of the Company will be traded in the CSE without the right to the dividend (ex-dividend) as from 6 July 2015.

Investors that will purchase shares at the CSE by close of business on 3 July 2015 (Last Cum Date) will be entitled to the dividend.  It is noted that shareholders entitled to the dividend will also be the holders of shares based on an off exchange transfer to be completed by the record date.  Payment of the dividend will be made (effected) till the 31 July 2015.

(c)  The directors Messrs Maurizio Caneppele, Stavros Galatariotis, Costas Koutsos and Maurizio Mansi Montenegro, who retired by rotation, were re-elected and Mr. Antonis Mikellides who was appointed by the Board of Directors on the 20 November 2014 was elected by the shareholders of the Company.

(d) The Remunerations Report was approved.

(e)  It was resolved that the Directors’ remuneration for the year 2015 be fixed as follows: €15.000 for the Chairman, €12.000 for the Vice- Chairman and €10.000 for each of the members of the Board of Directors and €300 attendance fee for the meetings of the Board of Directors and its Committees.

(f)  Messrs KPMG Limited were re-appointed as the Company’s auditors and the Board of Directors was authorised to determine their remuneration for 2015 at a later stage.

26 June 2015