Vassiliko Cement Works Public Company Ltd announces that the Board of Directors of the Company at its meeting held on 19 February 2016 resolved as follows:

A.  Approved the Indication of the Financial Results of the Group for the year 2015, a copy of which is attached herewith.

Please note that the Indication of the Financial Results will be published on the local press; hard copies will not be mailed to the shareholders.

B.        Appointed, with immediate effect, Mr. Stefano Costa as non-executive Member of the Board of Directors, to fill in the casual vacancy occurred as a result of the resignation of Mr. Maurizio Caneppele from the Board of Directors.

Stefano Costa

Mr. Stefano Costa was born in Bergamo, Italy, in 1969.  He studied at the University of Bergamo where he obtained a degree in Economics and holds two postgraduate degrees in Financial Analysis and Management Development, awarded in 1996 and 2001 respectively.

After an internship at a US bank in Miami, Mr. Costa joined Italcementi Group in 1997. He began his career in the Administration and Control Department and after experiences in Egypt as Project Manager and in China as Chief Financial Officer, he was appointed assistant to the Chief Operating Officer for Italy in 2009 (being in charge of the Italian Logistics and Industrial Planning), and Italian Procurement and Logistics Department Director in 2013.

Mr. Stefano Costa is Country Manager for Bulgaria and Greece since June 2015.