Ellinas Finance Public Company LTD

Management Reports • Nov 6, 2015

November 6, 2015

Cyprus Stock Exchange Nicosia

ANNOUNCEMENT

Subject: Approval of the Interim Consolidated Management which is made public in the second half of the fiscal year 2015

We would like to inform you that the Board of Directors of Ellinas Finance Public Company Limited (the «Company») at its meeting held on Thursday, November 6, 2015, has considered and approved the Interim Consolidated Management Statement, which is made public in the second half of the fiscal year 2015, according to the Transparency Requirements (Securities admitted to trading on a regulated market) laws 2007 to 2013. Approved Interim Management Statement is attached.

Sincerely,

Constantinos Servos, Compliance officer

CC.: Cyprus Securities and Exchange Commission

We present the Interim Consolidated Management Statement of Ellinas Finance Public Company Ltd (the "Company"), in accordance with the provisions of Article 11 of the Transparency Requirements (Securities admitted to trading on a regulated market) Laws of 2007 to 2013:

UN-AUDITED INTERIM CONSOLIDATED MANAGEMENT STATEMENT FOR THE PERIOD JULY 1 TO NOVEMBER 6, 2015

During the nine months period in 2015, the General Index of Cyprus Stock Exchange («CSE») recorded a decrease of about 13%, negatively affecting the Company's results.

The after tax gain for the nine months period ended September 30, 2015 amounted to €137,829 (for the corresponding period of 2014: €169,435).

The decrease in the General Index of CSE, negatively affected the valuation of client's stock portfolios that were considered as nonperforming on December 31, 2014 and were included in the provisions for bad debts. However the total provisions for bad debts have decreased by €65,441 for the period ended September 30, 2015 (for the corresponding period of 2014: €16,640 increase).

The Company showed a loss from investing activities amounting to €24,915 (for the corresponding period of 2014 profit: €946) from sale of financial assets and revaluation of financial assets at fair value through Profit and Loss.

Total income from operations for the nine months period ended September 30, 2015 amounted to €580,551, showing a decrease in comparison with the same period last year that was €639,869.

Total equity and reserves has been decreased from €8,769,054 which was on December 31, 2014 to €8,266,883 at September 30, 2015.

Since the end of the nine months period in 2015 until today, due to decrease of the General Index of CSE, the provisions for bad debts and income from investing activities have been negatively affected.

Main Activities

The Company continues to focus its business activities in products specifically designed to invest in CSE & ASE, in lending services such as financing through factoring post-dated checks, financing through short-term loans (short term loans and bridge finance), other commercial and personal loans, investments, as well as extend the network offering MoneyGram services.

The future prospects of the Company will be directly affected by the situation on the capital market and the Company's ability to recover amounts from provisions for bad debts.

Nicosia, November 6, 2015