Announcement

Folli - Follie Commercial Manufacturing and Technical Société Anonyme (the “Company”), following a relevant request by the Hellenic Capital Market Commission (“HCMC”), provides the following update to the market.

On 2.10.2018, HCMC’s application, dated 3.7.2018, for the appointment of auditors who will conduct the audit of Company’s consolidated financial statements for the fiscal year 2017, was heard before the Athens Single-Member Court of First Instance.

Our Company consented before the Judge of the Athens Single-Member Court of First Instance to the appointment of auditors to conduct the above audit, while, during the same hearing, HCMC explicitly stated before the Court, through its appointed attorney, that it does not wish the appointment of Ernst & Young as auditor.

 In view of the above, our Company will revert with a further update to the market, following the issue of Court’s relevant decision, which will appoint the auditors who will conduct the audit of our Company’s consolidated financial statements for the fiscal year 2017.

As regards our Company’s upcoming General Meeting, which is scheduled for Wednesday 10.10.2018, it is hereby announced to the market that, following a relevant proposal by the Company’s Board of Directors, which will be submitted officially to the Chairman of the Annual Ordinary General Meeting, given that the preparation of the restated annual corporate and consolidated financial statements for the financial year of 1.1.2017 - 31.12.2017 has not been completed yet, it is appropriate for the General Meeting to decide the postponement of the discussion and decision on all the issues on the agenda, as included in the Invitation of the Company’s Board of Directors, dated 10.08.2018. In case of acceptance by the shareholders of the above proposal of the Company's Board of Directors, the Company will revert after the meeting with a new announcement regarding the exact date of the postponement.

This announcement is released in compliance with the relevant provisions of the Market Abuse Regulation (EU) 596/2014 concerning the issuer’s obligation to disclose inside information.

For FF Group