AIAS Investment Public LTD

Earnings Release • Feb 26, 2013

AIANTAS INVESTMENTS PUBLIC LTD

INDICATIVE RESULTS

FOR THE YEAR ENDED AT DECEMBER 31, 2012

	31 December 2012 €	31 December 2011 €
(Loss) after tax	(1.014.127) ========	(69.269) ========
(Loss) per share	σεντ (1,25) =====	σεντ (0,08) =====

NOTES:

The results for the year ended December 31, 2012 have not been audited by external auditors.

The above preliminary results approved by the Board of Directors meeting held on February 26, 2013.

The accounting policies adopted are consistent with International Financial Reporting Standards and are the same as applied for the preparation of annual financial statements.

The results of the company and the explanatory statement will be sent to shareholders but will be published in the daily press. Investors may obtain a copy of the text of results together with the explanatory report, as approved by the registered office of the Company, 66, Arch. Makarios Avenue, Kronos Build., 4th Floor, 1077 Nicosia (Tel. 22 87 55 44).

EXPLANATORY STATEMENT FOR THE YEAR ENDED AT DECEMBER 31, 2012

Analysis of Results

During 2012 the CSE General Index was reduced by 61,19% compared to 71,95% decline last year.

The stock prices in the CSE, which the Company had a decrease, negatively affecting the Company's results

There were no gains or losses from non-recurring activities of the Company.

The net asset value as at 31/12/2012 was as follows:

	31/12/2012	31/12/2011
	cent	cent
Net Asset Value	17,44	17,95

The share price remained at low levels by the year 2012 as follows:

	31/12/2012	31/12/2011
	cent	cent
Share Price	0,20	1,00

The loss after tax for the year 2012 is €1.014.127 compared to a loss €69.269 in 2011. The loss on disposal and revaluation of investments amounted to €890.121 compared to a loss of €47.594 in 2011. The Administration and financing costs for 2012 increased and amounted to €201.466 to € €187.786 compared to 2011.

The Company's revenues decreased in 2012 and amounted to €67.889 to €162.068 compared to 2011. The decrease is due to lower revenues from interest receivable.

Further information

The company's results depend heavily on the performance of its portfolio securities in Cyprus and from dividends and interest income. The international financial crisis and the general situation of the Cyprus economy is not expected to improve by 2013, making the course of the Stock Exchange and by extension the Company's portfolio, not promising in 2013.