Plaisio Computers S.A.

Annual / Quarterly Financial Statement • Mar 18, 2016

STATEMENT OF FINANCIAL POSITION (Consolidated and for the Parent company)		THE GROUP		THE COMPANY
figures in th. €	31.12.2015	31.12.2014	31.12.2015	31.12.2014
ASSETS
Tangible assets	26.869	28.797	26.830	28.753
Intangible assets	535	727	527	719
Other non current assets Inventories	5.712 42.830	5.528 39.491	8.863 41.792	8.730 38.527
Trade receivables	14.420	19.570	14.172	19.197
Other current assets	48.327	47.680	47.646	46.985
TOTAL ASSETS	138.692	141.794	139.829	142.912
EQUITY & LIABILITIES
Share capital	7.286	7.066	7.286	7.066
Additional paid-in capital and reserves	76.831	81.395	78.365	82.958
Total equity attributable to equity holders (a)	84.118	88.461	85.651	90.024
Minority rights (b)	0	0	-	-
Total Equity (c) = (a) + (b) Long term borrowings	84.118 1.461	88.461 5.645	85.651 1.461	90.024 5.645
Provisions and other long term liabilities	4.597	4.710	4.597	4.710
Short term bank borrowings	9.184	4.334	9.184	4.334
Other short term liabilities	39.333	38.644	38.936	38.200
Total Liabilities (d)	54.574	53.333	54.177	52.889
TOTAL NET EQUITY VALUE & LIABILITIES (c) + (d)	138.692	141.794	139.829	142.912
STATEMENT OF COMPREHENSIVE INCOME (Consolidated and for the Parent Company)		THE GROUP		THE COMPANY
figures in th. €	01.01-31.12.2015	01.01-31.12.2014	01.01-31.12.2015	01.01-31.12.2014
(Continuing Operation)
Turnover	271.985	297.548	267.796	293.368
Gross profit/(loss)	61.192	73.069	59.598	71.422
Profit/(loss) Before Taxes, Financing and Investing activities Profit/(loss) Before Taxes	9.948 9.345	23.337 22.270	9.877 9.294	23.132 22.129
Profit/(loss) After Taxes (Α)	6.736	16.149	6.707	16.027
Owners of the parent	6.736	16.149	6.707	16.027
Non-Controlling Interests	0	0	-	-
Other Comprehensive Income (B)	-32	-51	-32	-51
Total Comprehensive Income (A) + (B)	6.704	16.098	6.675	15.976
Owners of the parent	6.704	16.098	6.675	15.976
Non-Controlling Interests	0	0	-	-
Earnings Per Share - basic (after taxes) in €	0,3051	0,7314	0,3038	0,7259
Proposed dividend per issued share (in €) Profit/(loss) Before Interest, Taxes, Depreciation and Amortization	- 12.389	- 25.806	0,0800 12.296	0,0000 25.583
STATEMENT OF CHANGES IN EQUITY (Consolidated and for the Parent Company)
figures in th. €		THE GROUP		THE COMPANY
Equity balance at the beginning of the period (01.01.2015 and 01.01.2014 respectively)	31.12.2015	31.12.2014	31.12.2015	31.12.2014
	88.461	76.779	90.024	78.464
Total Comprehensive Income, After Taxes (Continuing and Discontinuing activities)	6.704	16.098	6.675	15.976
Increase / (Decrease) of Share Capital from Capitalization of Reserves	11.261	0	11.261	0
Reserve to Share Capital Increase	-11.261	0	-11.261	0
Return of Share Capital to shareholders	-11.040	0	-11.040	0
Dividends Paid	0	-4.416	0	-4.416
(Purchases) / Sales of Treasury Shares	-8	0	-8	0
Equity Balance at the end of the period (31.12.2015 and 31.12.2014 respectively)	84.118	88.461	85.651	90.024
CASH FLOW STATEMENT (Consolidated and for the Parent Company)
figures in th. €		THE GROUP		THE COMPANY
(Cashflow Statement: Indirect Method)	01.01-31.12.2015	01.01-31.12.2014	01.01-31.12.2015	01.01-31.12.2014
Operating Activities
Profits before taxes (Continuing Operations)	9.345	22.270	9.294	22.129
Plus/less adjustments for: Depreciation/Amortization	2.740	2.768	2.719	2.750
Amortization of government grants	-299	-299	-299	-299
Provisions	288	644	288	644
Exchange differences	689	-467	689	-467
Results (Income, Expenses, Profit and Loss) from Investing activities	-92	-72	0	0
Finance Cost	695	1.140	582	1.003
Plus/less adjustments for changes in working capital or related to operating activities:
Decrease/(increase) in Inventories	-3.339	-8.982	-3.265	-8.681
Decrease/(increase) in Receivables	4.594	-3.673	4.455	-3.477
(Decrease)/increase in Liabilities (except for banks)	2.558	-1.837	2.589	-1.933
Less:
Interest paid	-949	-1.480	-921	-1.455
Income tax paid	-8.959	-7.673	-8.943	-7.695
Total inflows / (outflows) from Operating Activities (a) Investing Activities	7.270	2.339	7.188	2.520
Acquisition of Subsidiaries, Affiliated companies, Joint-Ventures and Other Investments
Share Capital (Increase) / Decrease of Subsidiaries, Affiliated Companies, Joint-Ventures	-10	0	-10	0
and Other Investment	200	0	200	0
Purchase of Tangible and Intangible Fixed Assets	-649	-988	-633	-975
Interest Received	239	236	238	233
Dividends Received	10	10	86	114
Total inflows / (outflows) from Investing Activities (b)	-210	-742	-119	-628
Financing Activities
Payments for Return of Capital	-11.040	0	-11.040	0
Proceeds from Bank Loans		0	5.000	0
	5.000
Acquisition of Treasury Shares	-8	0	-8	0
Repayment of Bank Loans	-4.334	-4.284	-4.334	-4.284
Dividends Paid	0	-4.416	0	-4.416
Total inflows / (outflows) from Financing Activities (c) Net increase / (decrease) in cash and cash equivalents for the period (a) + (b) + (c)	-10.382 -3.321	-8.700 -7.104	-10.382 -3.312	-8.700 -6.808

Cash and cash equivalents at the beginning of the period 45.115 52.219 44.495 51.302 Cash and cash equivalents at the end of the period 41.794 45.115 41.183 44.495

Magoula, 17.03.2016
THE PRESIDENT OF B.O.D & CEO	The VICE PRESIDENT OF B.O.D & CEO	A' CLASS LISENCE HOLDER
Georgios K. Gerardos AI 597688	Konstantinos G. Gerardos AM 082744	Aikaterini D. Vasilaki AB 501431

PLAISIO COMPUTERS S.A. S.A. REG. No 16601/06/Β/88/13 G.E.MI.: 121561160000 REGISTERED ADDRESS: LOCATION SKLIRI, 19018 MAGOULA ATTICA

(Amounts in thousand €) (published according to article 135 of law 2190/20, for companies preparing annual financial statements, consolidated or not in accordance with the IFRS )

Financial Data and Information from 1 January 2015 to 31 December 2015

Additional data and information:

1. There are neither liens nor forenotices on the Company's and the Group's fixed assets.

2. There are neither cases under dispute, litigation or arbitration nor any court decisions that are likely to have significant impact on the Company's financial statements. The amount of provision formed regarding cases under dispute, litigation or arbitration for the financial year ending 31st December 2015 stands for € 0 for the Group as well as for the Company. The unaudited tax years of the Company as well as the Company's subsidiary and associates, are presented in detail in Note 25 to the annual financial statements. Thus, the cumulative amount of provision formed concerning unaudited tax years for Group and Company, accounted for € 564 th, whilst the total amount of provision formed stands for € 2.093 th. for the Group and € 2.093 th. for the Company as presented in Note 19 of the annual financial statements ( Other Provisions: € 1.530 th. for the Company & € 1.530 th. for the Group. Provisions for unaudited tax years: € 564 th. for the Company & € 564 for the Group).

3.The accounting principles adopted in the preparation and the presentation of the annual financial statements of 01/01/2015 - 31/12/2015 are consistent with the same accounting principles adopted for the financial statements of the Company and the Group for the year ended 31st December 2014.

1. Group companies along with their respective name, country of incorporation, the percentages of interest held by the parent company as well as their accounting method of incorporation in the consolidated financial statements of 01.01.2015-31.12.2015, are presented in Note 7 to the Financial Statements.

2. The number of employees for the period ending 31st December 2015 stands for: Group: 1.254 employees (31.12.2014: 1.287). Company: 1.187 employees (31.12.2014: 1.221).

3. The equivalent of the % Participation in the company Plaisio Computers JSC is 100% and as a result in the consolidated figures of the income statement, there are no minority interests.

4. There are no companies which have not been included in the Annual Financial Statements, whereas they had been accounted for in the preceding year. In addition, all companies that should be accounted for, have been included in the consolidated financial statements, and no changes have taken place regarding consolidation process in current year in comparison with the preceding year.

5. "Plaisio Estate S.A.", that the Company participates to by 20%, decided during its Annual Shareholders Meeting, that took place on 26.06.2015, the decrease of its share capital by the amount of five hundred thousand euro, by decreasing the nominal value of each share of PLAISIO ESTATE from 5,05 € to 2,35 € by returning the amount to its shareholders. The aforementioned decrease completed after the announcement of the Regulatoty Authority for the registgration of the relevant amendement of article 5 of the Company's Article of Association to G.E.MI. As a consequence of the aforementioned decrease, an amount of € 100 th. returned to the Company and its participation to the share capital of PLAISIO ESTATE equally decreased.

It is, also, noted that in the current year took place the decrease of Plaisio Estate 's S.A. share capital which was decided during its Annual Ordinary General Assembly that took place on 27th June 2014, by five hundred thousand euro, by decreasing the nominal value of each share of PLAISIO ESTATE from 7,75 Euro to 5,05 Euro by returning the aforementioned amount to its shareholders.

As a consequence of the aforementioned decrease an amount of 100 th. € Euro returned to the company and its participation to the share capital of PLAISIO ESTATE equally decreased. The above mentioned decrease took place after the approval of the alteration of article 5 of the Memorandum of Plaisio Estate S.A. from the Regulating Authority, on 02.04.2015. Plaisio Estate JSC took the decision on 01.07.2015 to distribute to the Company 10 th. € as dividend for the corporate year 2014. The subsidiary of the Company Plaisio Computers JSC, decided on 20.07.2015 the payment of dividend of 76 th. €.

1. The total number of its treasury shares that the Company held on 31.12.2015 is 1.500 of aggregate value € 7.504 and this amount has been deducted from the Shareholders Equity of the Group and the Company. The Company as at the date of conduction of the financial statements held 2.950 own shares with average purchase price of 4,54 Euro.

The financial statements listed below aim to provide a general awareness about the financial position of PLAISIO COMPUTERS S.A. and the Group. Consequently, it is recommended to the reader, before making any investment decision, or proceeding to any transaction with the Company, to refer to the Company's internet address (www.plaisio.gr) where the financial statements in accordance with International Financial Reporting Standards are available, together with the auditor's report.

Supervising Authority: Ministry of Economy, Development and Tourism, Corporate and Greek General Commercial Registry Division

Company's web address: www.plaisio.gr

Board of Director's composition: George K. Gerardos (B.O.D. President & CEO), Konstantinos G. Gerardos (B.O.D. Vice President & CEO), Ilias G. Klis (Member), George Ch. Liaskas (Member), Nikolaos K. Tsiros (Member), Anna Antiopi I.Maurou (Member)

Date of approval of the financial statements by the Board of Directors: 17th March 2016 Certified Chartered Auditor: Antonios Anastasopoulos (S.O.E.L. Reg.num. 33821)

Audit Firm: BDO Certified Public Accountants S.A (S.O.E.L. Reg. num. 173) Type of auditors' report: Unmodified opinion

1. Earnings per share have been calculated on the total weighted average number of common shares, excluding the weighted average number of

treasury shares.

1. Evaluation of the current financial situaton of Greece and its concequences to the Group's activities are presented in Unit B"Main Risks and

Uncertainties" of the Annual Financial Report.

1. Based on Law 4334/2015 published on July 16, 2015, the income tax rate of legal entities in Greece increased from 26% to 29% and the income tax prepayment increased from 80% to 100%, effective from January 1, 2015. The net effect of the tax rate change in the income tax is presented in Note

2. 1. The Extraordinary General Assembly of the Company's Shareholders, on 16.12.2014 decided the capitalisation of the tax-free reserves that have been formed based on the c.l. 2238/1994, according to article 72 of c.l. 4172/2013, of amount € 144 th. and part of the account "Reserves from issuance of shares above par", of amount € 77 th., which completed in the examined year. The annual Ordinary General Assembly that took place on 02.04.2015 decided the increase and simultaneous decrease of the share capital of the Company by the amount of € 11.040 th. with capitalisation of part of the account "Special Reserves from issuance of shares above par"and with simultaneous increase and decrease of the nominal value of each

share of the Company by € 0,50 and payment of the amount to the Shareholders, which has been completed by the end of the examined year. Following the aforementioned increase and decrease of the share capital of the Company with the respective increase and decrease of the nominal value of each share, the fully paid-up share capital of the Company amounts to € 7.286 th., divided into 22.080.000 common shares, of 0,33 Euro final

nominal value each.

1. The other comprehensive income after taxes refers to the recognition of the actuarial gain/losses that arise from the recognition of the liability, that appears direct to the Statement of Total Comprehensive Income. The expense for the period 01/01/2015-31/12/2015 came up to 32 th. Euro, that appears to the Statement of Total Comprehensive Income (01/01/2014-31/12/2014: 51 th. Euro), as stated in Note 18 of the annual financial statements.

2. Intercompany transactions (income & expense), resulting from sales and buying of products and services for the year ended on 31st December 2015 and intercompany balances as of 31st December 2015 according to IAS 24 , with a distinct mention of compensation of Managers and BoD members , of their transactions, receivables and liabilities are as follows:

(amounts in thousand €)	The Group	The Company
Income	179	4.319
Expens es	1.193	1.417
Receivables from related parties	83	569
Payable s to rela te d parties	8	8
Compe ns ati on & Trans actions of ke y managers and members of the Boa rd of Dire ctors	619	619
Receivables from key ma nagers a nd membe rs of the Bo ard og Dire ctors	1	1