MLS Multimedia S.A.

Annual / Quarterly Financial Statement • Apr 6, 2017

1.2 CONDENSED INCOME STATEMENT

MLS MULTIMEDIA SA Company's Number in the Register of Societes Anonymes :34194/06/Β/95/14 - GEMI: 57957704000 Technopolis ICT Business Park 555 35, Pilea, Thessaloniki

SUMMARY FINANCIAL RESULTS for the year ended 31st December 2016

(In terms of article 135 of Law 2190/1920, for the companies bublishing annual financial statements in accordance with IAS/IFRS) The figures illustrated below provide summary information about the financial position of MLS MULTIMEDIA S.A. We advise the reader who seeks a complete picture of the financial position to visit the Company's website,

where the full year financial statements according to International Financial Reporting Standards together with the auditor's report, are presented. : Ministry of Development and Competitiveness (Department for limited companies)

Supervising Authority COMPANY'S INFORMATION DATA

Company's web site : www.mls.gr Board of Direction

: Ioannis Kamatakis (President & CEO of the B.O.D.), Paraskevi Zahariadou (Vice-Prtesident of the B.O.D.), Pantelis Stilianos, Papageorgiou (Member of the B.O.D.), Dimitrios Konstantoulas (Member of the B.O.D.), Nickolaos Koulis (Member of the B.O.D.), Ioannis Zannas (Member of the B.O.D.), Stergios Triantafilidis (Member of the B.O.D.), Efstathios Kiriakopoulos (Member of the B.O.D.)

COMPANY'S INFORMATION DATA
Company's web site	: www.mls.gr
Date of approval of the
fincial statements	: March 22, 2017
Name of the Auditor	:Georgios Skabavirias (SOEL R.N. 14661)
Auditing firm	:SOL S.A. - CROWE HORWATH (SOEL R.N. 125)

Report of the Auditors: : Without qualification

1.1 CONDENSED STATEMENT OF FINANCIAL POSITION

Amounts in €		Amounts in €
ASSETS	31.12.2016	31.12.2015		1.01 - 31.12.2016	1.01 - 31.12.2015
Tangible assets	2.611.390,65	2.498.137,76	Revenue	25.382.366,91	21.403.713,05
Intangible assets	16.541.447,59	13.598.191,17	Gross profit	8.029.855,84	6.370.400,19
Other non-current assets	269.077,21	234.194,31	Profit before interest, taxes, and
Inventories	8.004.833,39	6.555.816,82	investing results	3.487.702,51	3.012.469,08
Trade receivables	6.167.243,74	5.365.012,32	Profit before taxes	2.241.159,54	2.218.164,60
Other current assets	11.083.698,32	7.056.480,95	Profit after taxes (Α)	2.221.016,81	2.022.183,58
TOTAL ASSETS	44.677.690,90	35.307.833,33	-Equity holders of the parent	2.221.016,81	2.022.183,58
			-Non controling intersts	0,00	0,00
SHERHOLDERS EQUITY AND LIABILITIES			Other comprehensive income net of tax (Β)	0,00	0,00
			Total comprehensive income net of tax (Α) + (Β)	2.221.016,81	2.022.183,58
Share capital	4.594.290,00	4.594.290,00	-Sherholders	2.221.016,81	2.022.183,58
Retained earnings and reserves	19.290.387,02	17.993.316,49	-Non controling intersts	0,00	0,00
Total Share capital and reserves (a)	23.884.677,03	22.587.606,49	Basic earnings tax per share(in €)	0,1845	0,1656
Non-controling interests (b)	0,00	0,00	Proposed dividend per issued share (in €)	0,0000	0,0000
Total Equity (c) = (a) + (b)	23.884.677,03	22.587.606,49	Profit before interest, taxes, and
Bonds	7.000.000,00	0,00	depreciation and amortization	6.277.577,73	5.027.926,51
Long-term borrowings Provisions / Other long term liabilities	2.250.000,00 175.555,93	3.000.000,00 115.118,09	1.3 CONDENSED STATEMENT OF CHANGES IN EQUITY
Short term borrowings	1.287.452,94	1.781.540,21	Amounts in €
Other short term liabilities	10.080.005,01	7.823.568,54		31.12.2016	31.12.2015
Total liabilities(d)	20.793.013,87	12.720.226,85	Equity balance at beginning of the year
			(1.01.2016 & 1.01.2015 respectively)	22.587.606,49	21.116.821,59
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)	44.677.690,90	35.307.833,33	Total comprehensive income	2.221.016,81	2.022.183,58
			Share capital Increase	0,00	0,00
			Share capital reduction	0,00	0,00
1.4 CASH FLOW STATEMENT			Transfer to reserves	0,00	0,00
Amounts in €			Dividends	0,00	0,00
	1.01 -	1.01 -	Purchases / (sales) of own shares	-923.946,28	-551.398,68
	31.12.2016	31.12.2015	Equity balance at year end
Cash flow from operating activities			(31.12.2016 & 31.12.2015 respectively)	23.884.677,02	22.587.606,49
Profit before taxes	2.241.159,54	2.218.164,60
Adjustments:			NOTES
Depreciation	2.789.875,22	2.015.457,43	1. In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the fiscal year 2015.
Provisions	260.437,84	64.384,50	2. The unaudited by the tax authorities fiscal years for the Company are presented in detail in the note 6.26 of the annual financial statements.
Foreign Exchange Differences	-190.283,51	113.953,72	3. The assets of the Company have been pledged (note 6.10).
Investing Activities Results (income, expences, profit & loss)	263.656,34	-156.257,91	4. Capital expenditure for the year 2016 amounted to 5.892.787,49
Interest Expense	1.173.170,14	836.608,66	5. There are no litigation issues for the Company.
			6. Number of employees at the end of the reporting period: 118 (2015: 110).
Increase / decrease adjustments for working capital:			7. Earnings per share have been calculated on the total weighted average number of shares, excluding the average number of treasury shares.
Decrease / (increase) in inventories	-1.549.016,57	-95.965,15	8. The amount of the provisions for the unaudited by the tax authorities fiscal years is 64.500,00€. There are no provisions accounted for litigation issue and other provisions.
Decrease / (increase) in trade and other receivables	-138.115,38	367.464,97	9. The total number of its own shares that the company holds as at 31.12.2016 is 499.086 of average cost per share 3.85 euros and they have been deducted from the
(Decrease) / increase in trade and other payables (excluding banks)	2.231.300,45	-1.125.190,11	Shareholders Equity of the company. The fair value of this shares at 31.12.2016 was 2.021€ (in 000 euros).
Interest paid	-1.173.170,14	-836.608,66	10. Transactions during the fiscal year 2016 and balances as of 31 December 2016 with related parties, as defined in IAS 24, are as follows: Amounts in €
Taxiation paid	-29.889,61	-6.948,90
Net flows from operating activities(a)	5.879.124,32	3.395.063,15	a) Income		0,00
Cash flow from investing activities			b) Expenses		820.000,00
Acquisition/sales of subsidiaries and other investments	-170.000,00	-139.500,00	c) Receivables		376.951,41
Purchase of tangible and intangible assets	-5.892.787,49	-5.384.354,54	d) Payables		0,00
Proceeds from sales of tangible and intangible assets Inflow from Government Programs	46.402,96	0,00	e) Key management compensations		920.787,44
	0,00	0,00	f) Receivables from key management		0,00
Interest received	24.527,17	42.304,18	g) Payables to key management		0,00
Net cash flows (used in)/from investing activities (b)	-5.991.857,36	-5.481.550,36
Cash flow from financing activities Proceeds from borrowings	5.755.912,73	4.781.540,21
Treasury shares	-923.946,28	-551.398,68
Inflow from Government and European Programs	0,00	0,00
Net cash flows (used in)/from financing activities (c)	4.831.966,45	4.230.141,53
Net increase / (decrease) in cash
and equivalents (a) + (b) + (c)	4.719.233,41	2.143.654,32
Cash and cash equivalents at beginning of the year	4.544.122,91	2.400.468,59
Cash and cash equivalents at end of the year	9.263.356,32	4.544.122,91

Thermi Thessaloniki March 29, 2017

The Vice President of the B.O.D. PARASKEVI D. ZAHARIADOU ID No ΑΒ 706623

Chief Finanvial Officer

KONSTANTINOS V. PAPADOPOULOS ID No ΑΖ 169490

The President & CEO IOANNIS N. KAMATAKIS ID No ΑΒ 706563