Fourlis S.A.

Quarterly Report • Oct 1, 2015

Company Reg. Address	: 340 Kifissias av., 154 51, N. Psychiko
Company Reg. No. Supervising Authority	: 13110/06/B/86/01 : Ministry of Development, (Department for Limited Companies)					Board of Directors President - executive member		: Vassilios Fourlis
Date of approval of the full year financial statements						Vice President - executive member		: Alexandros Fourlis
(through which derived the condensed financial statements) Auditors	: 25/02/2008 : VASSILIOS PAPAGEORGAKOPOULOS and NIKOLAOS VOUNISEAS					CEO - executive member Member - executive member		: Apostolos Petalas : Dafni Fourlis
Auditing Firms	: SOL S.A. CHARTERED AUDITORS and KPMG KYRIACOU CERTIFIED AUDITORS S.A.					Member - non executive member		: Odysseus Demetriades
Type of Report Website address	: Unqualified - Matter of emphasis : www.fourlis.gr					Member - non executive member Member - independent non executive member		: Ioannis Brebos : Eftichios Vassilakis
						Member - independent non executive member Member - independent non executive member		: Ioannis Papaioannou : Ioannis Kostopoulos
		ABRIDGED BALANCE SHEET Amounts in thousand €					INCOME STATEMENT Amounts in thousand €
	GROUP 31/12/2007	31/12/2006	COMPANY 31/12/2007	31/12/2006		1/1-31/12/2007	GROUP 1/1-31/12/2006	COMPANY 1/1-31/12/2007	1/1-31/12/2006
ASSETS Non-current assets					Turnover Gross Profit	670.079 198.877	482.052 142.122	0 0	0 0
Property, plant and equipment	148.218	101.874	72	53	Profit/(Loss) before interest, taxes,
Investment Property Intangible assets	23.818 4.997	0 4.325	0 19	0 15	depreciation and amortisation	83.416	60.101	6.835	10.016
Investments Other non-current receivables	95 6.894	1.079 6.815	88.254 176	90.633 174	Profit/(Loss) before interest and taxes Profit/(Loss) before taxes	75.612 65.215	53.046 47.899	6.811 22.867	9.981 20.316
Deferred Taxes	1.128	987	0	0	Less taxes	18.617	17.968	2.330	626
Total non-current assets	185.150	115.080	88.521	90.875	Less differed taxes from non current assets classified as available for sale	0	2.656	0	2.656
Current assets					Profit/(Loss) after taxes	46.598	27.275	20.537	17.034
Investments Inventories	237 90.344	0 72.997	0 0	0 0	Attributable to: Shareholders	46.183	27.433		17.034
Income tax receivable Trade receivables	9.112 155.901	5.610 113.095	2.503 71	778 259	Minority interest	415	-158		0
Other receivables	20.507	4.592	180	424	Net Profit (after tax) per share - basic (in €)	0,91	0,54	0,40	0,33
Cash and cash equivalents Total current assets	70.483 346.584	25.544 221.838	21.885 24.639	128 1.589	Proposed dividend per share (in €)	CASH FLOW STATEMENT		0,30	0,18
Non current assets classified as available for sale TOTAL ASSETS	4.738 536.472	49.552 386.470	4.736 117.896	20.004 112.468		Amounts in thousand €
							GROUP	COMPANY
LIABILITIES Non-current laibilities						1/1-31/12/2007	1/1-31/12/2006	1/1-31/12/2007	1/1-31/12/2006
Interest-bearing loans and borrowings Employee retirement benefits	146.161 1.458	103.408 1.119	0 11	0 8	Operating Activities Profit before taxes	65.215	47.899	22.867	20.316
Provisions	216	107	0	0	Plus / less adjustments for:
Deferred taxes Other Long-term Liabilities	2.224 160	5.171 160	146 161	2.653 158	Depreciation Provisions	7.804 6.520	7.055 -5.688	24 3.009	34 -10.695
Total non-current liabilities	150.219	109.965	318	2.819	Foreign exchange differences	-544	-1.874	0	0
Short-term Liabilities Interest bearing loans and borrowings	37.930	34.874	0	8.121	Results (revenue, expenses, profit and loss) from investment activity Interest charges and other related expenses	-12.952 8.626	-735 7.392	-27.719 96	-10.685 350
Short-term portion of non-current interest bearing loans and borrowings	3.089	2.777	0	0	Plus / less adjustments for changes in working capital related to the operating activities:
Income tax payable	20.251	11.049	4.693	0	Decrease / (increase) in inventories	-17.919	3.611	0	0
Trade and other payables Total short term liabilities	173.945 235.215	113.606 162.306	321 5.014	330 8.451	Decrease / (increase) in receivables (Decrease) / increase in liabilities (excluding banks)	-63.178 57.590	-20.217 5.384	-962 -458	-32 156
Total liabilities (a) SHAREHOLDERS EQUITY	385.434	272.271	5.332	11.270	Less: Interest charges and other related expenses paid	-8.440	-7.254	-96	-350
Share capital	50.953	50.953	50.953	50.953	Paid taxes	-15.115	-16.898	-338	-128
Share premium reserve Reserves	11.864 49.741	11.875 49.291	12.208 27.984	12.208 27.976	Total inflow / (outflow) from operating activities (a) Investment Activities	27.607	18.675	-3.577	-1.034
Retained earnings/ Accumulated losses Shareholders Equity (b)	37.999 150.557	1.946 114.065	21.419 112.564	10.061 101.198	Acquisition of subsidiaries, affiliates, joint ventures and other investments Purchase of tangible and intangible fixed assets	-3.508 -55.120	0 -12.242	-694 -46	-250 -50
Minority Interest ©	481	134	0	0	Proceeds from the sale of property, plant and equipment and intangible assets	392	621	0	0
Total Shareholders Equity (d)=(b)+©	151.038	114.199	112.564	101.198	Interest Received Proceeds from dividends	1.222 426	222 0	626 15.526	2 10.126
TOTAL SHAREHOLDERS EQUITY AND LIABILITIES (e)=(a)+(d)	536.472	386.470	117.896	112.468	Purchase of other investments	-1.089	-696	-189	0
					Proceeds from the sale of other investments Proceeds from the sale subsidiaries and associates	37.285 218	0 0	27.179 218	0 0
					Total inflow / (outflow) from investing activities (b) Financing activities	-20.174	-12.095	42.620	9.828
					Proceeds from issued loans	336.162	841.193	24.050	132.673
Notes: 1. Group companies with their corresponding addresses and their percentage of participation included in the consolidated financial statements,					Loans paid off	-286.501	-820.026	-32.170	-133.792
together with their non tax audited financial years (on which is based the 'Matter of emphasis' of the auditors report), with the exception of the current
period, are as follows:					Payments of leasing liabilities Paid-in dividends	-2.794 -9.235	-2.958 -7.674	0 -9.166	0 -7.637
Full consolidation method:					Total inflow / (outflow) from financing activities ©	37.632	10.535	-17.286	-8.756
FOURLIS HOLDINGS S.A.					Net increase / (reduction) in cash and cash equivalents for the period (a) + (b) + ©
HOUSEMARKET S.A	Athens Athens	Parent Company 100.00%	2005-2006 -		Cash and cash equivalents at the begining of the period	45.065 25.544	17.115 8.396	21.757 128	38 90
H.M HOUSEMARKET (CYPRUS) LTD RENTIS SA	Nicosia, Cyprus Athens	100.00% 100.00%	- -		Effect of foreign exchange differences on Cash Closing balance, cash and cash equivalents	-126 70.483	33 25.544	0 21.885	0 128
INTERSPORT ATHLETICS SA	Athens	100.00%	2006
INTERSPORT ATHLETICS (CYPRUS) LTD* FOURLIS TRADE S.A	Nicosia, Cyprus Athens	100.00% 100.00%	- 2005-2006
EUROELECTRONICS S.A. *	Athens	78.53%	2006
PRIME TELECOM S.A.	Athens	82.91%	2000-2006
GENCO TRADE S.R.L.	Boucharest, Romania	100.00%	1999-2006
SERVICE ONE S.A *	Athens	99,94%	2001-2006
TRADE LOGISTICS S.A.* GENCO BULGARIA L.T.D.	Athens Sofia, Boulgaria	100.00% 100.00%	2006 2001-2006
Equity Method SPEEDEX SA	Athens	49,55%	2005-2006			STATEMENT OF CHANGES IN NET EQUITY
						Amounts in thousand €
* Companies held indirectly						31/12/2007	GROUP 31/12/2006	COMPANY 31/12/2007	31/12/2006
2. The total number of employees at the end of the current and the previous financial year was 2.512 and 1.881 for the Group and 4 and 3 for the company
respectively. 3.The basic accounting principles applied are consistent with those applied for the balance sheet as at 31/12/2006					Equity balance at the begining of period, (1/1/2007 and 1/1/2006 respectively). Profit / (loss) of the period, after taxes	114.199 46.598	94.351 27.275	101.198 20.537	91.807 17.034
4. The assets of the Group and the company are free of mortgages and pre-notations.						160.797	121.626	121.735	108.841
5. There are no litigations, which have an important impact on the financial position of Fourlis Group and the Company. 6. Basic earnings per share have been calculated using the weighted average number of shares at the balance sheet date.					Distributed Dividends Net Income recorded directly in net equity	-9.239 91	-7.729 -56	-9.171 0	-7.643 0
7.For purposes of better information, specific accounts of the financial statements have been reclassified and the respective accounts of the previous financial					Revaluation reserve Foreign exchange differences from the translation of financial statements in	0	0	0	0
year have been reformed accordingly for comparison reasons.					foreign currencies	-611	358	0	0
8.RENTIS S.A. a 100% subsidiary's subsidiary of HOUSEMARKET S.A. included in the consolidated finacial statements as at 31/12/2007.					Equity, end of period (31/12/2007 and 31/12/2006 respectively)	151.038	114.199	112.564	101.198
						Neo Psychiko, 25 February 2008

Figures and information of the group and the company from 1 January 2007 until 31 December 2007

(In terms of article 135 Law 2190, for companies publishing annual financial statements in accordance with IAS/IFRS)

1. Related parties trnsactions Group Company Group Company The Chairman of the BOD Sales in goods and services 4 606 13 599 31/12/2007 31/12/2006

Purchases in goods and services	141	4	697	186
Receivables	1	67	194	245
Liabilities	37	2	37	2	VASSILIOS STIL. FOURLIS	Apostolos D. Petalas	SOTIRIOS I. MITROU
Fees to the Board of Directors	1.789	34	1.414	29	ID No. S-700173	ΑΤ/Π-319553	ID No. P-135469
Top management remunaration and expences	1.526	1.135	837	303			Chartered Acc. Licence No. 30609 A Class
There does not exist other transactions, receivables - liabilities between the Company and the Group, with the memebrs of the Board of Directors and the top
management.
10.ATC ABETE did not consolidated through equity method as at 31/12/2007 due to sale 39,47% of the company
11.AUTOMATE Α.Ε.did not consolidated because it is under liquidation. The shareholders equity of the company was € 99 thousand as at 31/12/2006 and the
assets of the company was € 99 thousand.

The CEO

The Chief Accountant

The figures presented below provide general information about the financial position and results of Fourlis Holdings SA and Fourlis Group. The reader, who aims to form a full opinion on the Company's and the Group's financial position and results, must access the annual financial statements prepared according to the International Financial Reporting Standards and the Auditor's Report. Indicatively, The reader can visit the Company's web site where the above financial statements are presented.