Ellinas Finance Public Company LTD

Share Issue/Capital Change • Jul 29, 2015

July 29, 2015

Cyprus Stock Exchange Nicosia

ANNOUNCEMENT

Subject: Reduction of Share Capital / Capital Return Procedures

After its today meeting, the Board of Directors of Ellinas Finance Public Company Limited (the «Company») taking into consideration the rules and regulations of the Cyprus Stock Exchange and the Cyprus Security and Exchange Commission in order to fully inform the shareholders and the investing public and following the decision of the Extraordinary General Meeting of Shareholders dated May 11, 2015 announces that:

Reduction of Share Capital

The legal procedures to the District Court of Nicosia and the procedures to the Cyprus Company Registrar for the validation and registration of the capital reduction as approved by the Extraordinary General Meeting of Shareholders on May 11, 2015 have been completed. On July 27, 2015 the Department of Registrar of Companies and Official Receiver issued a Certificate of Registration of Judicial Decree and Minutes for Reduction of Capital. The new share capital of the Company is as follows:

• · Authorized share capital is €32,222,221.90 divided into 55,555,555 ordinary shares of €0.58 each.
• · Issued share capital is €9,280,000 divided into 16,000,000 ordinary shares of €0.58 each.

All shares have equal rights.

Procedures for Capital Return

The total amount to be returned proportionally to all shareholders who are registered in the Company's registrar on the record date amounts to €640,000 (€0.04 per share).

• · Beneficiaries will be the shareholders register in the shareholders registrar on Wednesday, August 5, 2015.
• · Date of ex-cum is Tuesday, August 4, 2015.
• · Transactions that take place up to Monday, August 3, 2015 (cum date) will be entitled to participate in the capital return.
• · The payment checks will be sent to shareholder no later than September 10, 2015.

Constantinos Servos, Compliance Officer

ΘΕΟΤΟΚΗ 6, ΜΕΓΑΡΟ ΕΛΛΗΝΑ, 1ΟΣ ΟΡΟΦΟΣ, 1055 ΛΕΥΚΩΣΙΑ CC: Cyprus Securities and Exchange Commission