Gr. Sarantis S.A.

Interim / Quarterly Report • Sep 28, 2015

Full company name: COMPANY COUNTRY DIRECT PARTICIPATION PERCENTAGEINDIRECT PARTICIPATION PERCENTAGETOTAL UNAUDITED TAX YEARSAddress base: FULL CONSOLIDATION METHODDate of incorporation: 1964 VENTURES A.E. GREECE 88.66% 0.00% 88.66% 2005-2006 Duration of the company: GR SARANTIS CYPRUS LIMITED CYPRUS 100.00% 0.00% 100.00% - Main activity: BRIARDALE SERVICES S.A ISLE OF MAN 0.00% 100.00% 100.00% - Registration no: SARANTIS BULGARIA L.T.D BULGARIA 0.00% 100.00% 100.00% 1999-2006 Supervising authority: SARANTIS ROMANIA S.A ROMANIA 0.00% 100.00% 100.00% ²⁰⁰⁶SARANTIS DISTRIBUTION S.C ROMANIA 0.00% 100.00% 100.00% 2006V.A.T. no: SARANTIS L.T.D BELGRADE SERBIA 0.00% 100.00% 100.00% - SARANTIS SKOPJE L.T.D SKOPJE 0.00% 100.00% 100.00% -SARANTIS POLSKA S.A POLAND 0.00% 100.00% 100.00% 2006ΝΕΤ WEST POLAND S.A POLAND 0.00% 100.00% 100.00% 2005-2006SARANTIS CZECH REPUBLIC sro CZECH REPUBLIC 0.00% 100.00% 100.00% 2005-2006VENUS S.A LUXEMBOURG 0.00% 100.00% 100.00% -ΖΕΤΑ ΑΕ GREECE 0.00% 100.00% 100.00% 2005-2006 ΖΕΤΑ FIN LTD CYPRUS 0.00% 100.00% 100.00% 2002-2006WALDECK LIMITED CYPRUS 0.00% 100.00% 100.00% 2006SAREAST CYPRUS 0.00% 65.00% 65.00% 2006SARANTIS RUSSIA RUSSIA 0.00% 65.00% 65.00% 2006ΖΕΤΑ COSMETICS LTD CYPRUS 0.00% 100.00% 100.00% 2002-2006SARANTIS ANADOL S.A. TURKEY 84.98% 0.00% 84.98% 2005-2006Current year end: 31 Dec. 2007 SARANTIS HUNGARY KFT HUNGARY 0.00% 100.00% 100.00% 2006 Current period duration: 12 MONTHS SARANTIS UKRAINE S.A. UKRAINE 100.00% 0.00% 100.00% 2006 Type of Financial Statements (from which these data have been extracted): INTERIM OF 1st SEMESTER 2007 PROPORTIONAL CONSOLIDATION METHODApproval date of Financial Statements (from which these data have been extracted): 24/7/2007 K. THEODORIDIS A.E. GREECE 50.00% 0.00% 50.00% 2004-2006 Auditors: IOANNIS V. KALOGEROPOULOS - Α.Μ.S.Ο.ΕΛ. 10741 ΟΤΟ ΤOP EOOD BULGARIA 0.00% 25.50% 25.50% - Auditors Company: BAKER TILLY HELLAS A.E. EQUITY METHODAuditors' opinion: UNQUALIFIED K. P. MARINOPOULOS A.E. GREECE 49.00% 49.00% 2003-2006 Internet address: FARMASOFT EPE GREECE 0.00% 48.51% 48.51% - A. CHRISOFOGLOU AE GREECE 0.00% 29.40% 29.40% -FARMAKEMPORIKI AE GREECE 0.00% 24.90% 24.90% -ΕLCA COSMETICS LTD CYPRUS 0.00% 49.00% 49.00% 2003-2006ESTEE LAUDER HELLAS SA GREECE 0.00% 49.00% 49.00% 2003-2006ΕSTEE LAUDER BULGARIA BULGARIA 0.00% 49.00% 49.00% 2003-2006ΙΜ COSMETICS SA ROMANIA 0.00% 49.00% 49.00% 2003-2006(Amounts are expressed in Euro) OTO TOP WITH PROPORTIONAL CONSOLIDATION METHOD (Amounts are expressed in Euro) 01/01-30/06/2007 01/01-31/12/2006 01/01-31/12/2006 01/01-30/06/2007 01/01-31/12/2006 01/01-30/06/2007 01/01-30/06/2006 01/04-30/06/2007 01/04-30/06/2006 01/01-30/06/2006 01/04-30/06/2006 01/01-30/06/2007 01/01-30/06/2006 01/04-30/06/2007 01/04-30/06/2006 ASSETS Total Turnover 118,145,805.12 107,355,533.23 63,763,709.91 58,529,231.53 103,718,155.67 56,584,280.61 63,184,743.47 59,229,145.06 32,922,895.57 32,683,862.84 Fixed assets 40,757,824.23 42,610,678.03 42,398,549.81 35,552,443.61 36,974,833.28 Gross profit / (loss) 59,739,519.78 52,942,548.42 32,119,277.10 28,895,791.50 51,429,607.77 28,098,256.24 31,535,572.23 29,901,830.98 17,077,686.17 16,800,921.97 Inventories 45,110,287.66 42,907,749.67 40,335,213.46 22,750,968.60 20,234,898.12 Gross profit / (loss) before tax, financial and investment results and depreciation 18,506,128.12 16,008,116.13 10,064,840.84 9,471,667.63 15,728,689.13 9,217,550.13 9,782,998.82 8,196,752.15 5,333,195.69 4,434,173.76 Trade receivables 82,409,293.26 77,177,358.61 74,045,276.54 55,587,576.49 43,950,732.03 Gross profit / (loss) before tax, financial and investment results 16,754,052.57 14,175,372.90 9,184,776.92 8,527,248.44 13,914,122.45 8,272,640.74 8,689,797.24 7,017,639.27 4,774,840.76 3,792,775.69 Other assets 69,292,414.51 69,892,852.70 68,964,753.08 85,299,950.28 86,558,842.26 Gross profit / (loss) before tax 16,447,041.80 15,443,603.78 9,131,093.70 9,340,134.27 15,237,262.72 9,114,830.38 9,511,801.33 8,760,418.55 5,793,488.57 4,998,771.43 Tax income 4,400,485.91 4,026,747.59 2,337,679.66 2,433,849.06 3,988,029.00 2,407,861.56 1,884,984.98 1,863,837.06 1,149,967.28 1,018,886.09 TOTAL ASSETS 237,569,819.66 232,588,639.01 225,743,792.89 199,190,938.98 187,719,305.69 Deferred tax 72,787.55 134,784.72 36,328.02 69,908.47 126,019.65 66,981.72 72,777.02 95,668.06 36,317.49 48,384.19 Profit / (loss) after tax 11,973,768.34 11,282,071.47 6,757,086.02 6,836,376.74 11,123,214.07 6,639,987.10 7,554,039.33 6,800,913.43 4,607,203.80 3,931,501.15 LIABILITIES & SHAREHOLDERS' FUNDSLong term liabilities 95,828,898.45 97,479,332.61 96,004,372.90 93,985,172.67 94,030,498.02 Allocated to : Short term liabilities to banks 3,510,779.00 3,500,000.00 1,750,000.00 0.00 0.00 Company's shareholders 12,608,236.46 11,138,497.01 7,129,406.13 6,666,232.38 11,138,497.01 6,666,232.38 7,554,039.33 6,800,913.43 4,607,203.80 3,931,501.15 Other short term liabilities 56,397,825.94 51,205,346.63 49,681,986.71 54,855,069.83 40,619,428.63 Interest's shareholders -634,468.12 143,574.46 -372,320.11 170,144.36 -15,282.94 -26,245.28 ---- After tax earnings per share (in Euro) 0.33 0.29 0.19 0.17 0.29 0.17 0.20 0.18 0.12 0.10 TOTAL LIABILITIES 155,737,503.39 152,184,679.24 147,436,359.61 148,840,242.50 134,649,926.65 Shareholders' equity 58,364,818.20 57,220,410.00 57,220,410.00 58,364,818.20 57,220,410.00Other data of shareholders net equity 23,143,727.82 20,198,537.09 20,198,537.09 -8,014,121.72 -4,151,030.96 (Amounts are expressed in Euro) TOTAL EQUITY OF SHAREHOLDERS 81,508,546.02 77,418,947.09 77,418,947.09 50,350,696.48 53,069,379.04 01.01-30.06-2007 01.01-30.06-2006 01.01-30.06-2007 01.01-30.06-2006 Minority interests 323,770.25 2,985,012.68 888,486.19 0.00 0.00 CASH FLOWS FROM OPERATING ACTIVITIESTOTAL EQUITY 81,832,316.27 80,403,959.77 78,307,433.28 50,350,696.48 53,069,379.04 Profits before taxes 16,447,041.80 15,443,603.78 9,511,801.33 8,760,418.55 TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 237,569,819.66 232,588,639.01 225,743,792.89 199,190,938.98 187,719,305.69 Plus / minus adjustments for : Depreciation of fixed assets 1,752,075.55 1,832,743.23 1,093,201.58 1,179,112.88 0.00 0.00 0.00 0.00DATA FROM THE STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD Foreign exchange differences 55,237.00 -324,612.82 -124,004.65 -366,488.96 (Amounts are expressed in Euro) Income from investment activities -8,071,326.01 -10,247,132.72 -3,428,245.11 -4,313,484.2701/01-30/06/2007 01/01-30/06/2006 01/01-30/06/2007 01/01-30/06/2006 Interest and other related expenses 2,557,487.00 2,857,914.79 2,459,826.67 1,841,573.14 Credit interestsTotal equity, beginning of the period (01/01/2007 and 01/01/2006 respectively) 80,403,959.77 62,778,049.04 53,069,379.04 49,140,870.23 Long term earnings Profit / (loss) after tax for the period 11,973,768.34 11,282,071.47 7,554,039.33 6,800,913.4392,377,728.11 74,060,120.51 60,623,418.37 55,941,783.66 Plus/minus adjustments for changes in working capital accounts or accounts related to operating activities: Ιncrease / (decrease) of share capital 0.00 Decrease / (increase) in inventories -4,775,074.20 -2,499,483.92 -2,516,070.48 -5,102,280.20 Dividends paid -4,959,102.20 -4,959,102.20 -4,959,102.20 -4,959,102.20 Decrease / (increase) in receivables -2,747,525.69 -9,285,105.30 -11,085,950.18 -13,206,032.78 Purchase of own shares -3,772,826.26 -3,772,826.26 (Decrease) / increase in liabilities (other than to banks) 6,689,274.55 4,952,708.55 13,048,514.90 6,915,474.28 Net income transferred directly to equity 283,043.11 -5,921,506.26 -1,540,793.43 -4,091,688.72 Less : Consolidation's method influence due to change -2,096,526.49 0.00 0.00 0.00 Interest and other related expenses, paid -1,728,593.71 -2,528,510.96 -1,630,932.78 -1,512,169.31 Net equity, end of the period (31/03/2007 and 31/03/2006 espectively) 81,832,316.27 63,179,512.05 50,350,696.48 46,890,992.74 Tax Paid -2,146,886.00 -2,625,416.27 -1,418,707.00 -1,910,666.57 Total inflows / (outflows) from operating activities (a) 8,031,710.29 -2,423,291.64 5,909,434.28 -7,714,543.24 CASH FLOWS FROM INVESTMENT ACTIVITIESReceipts of securities sales 1. Unaudited tax year for the company GR. SARANTIS A.B.E.E. is 2006. Acquisition of subsidiaries, associates, joint ventures and other investments 4,613,503.16 5,061,454.63 1,387,864.10 4,085,756.15 The unaudited tax years for the group are mentioned in the appendage. Acquisition of tangible and intangible assets -1,113,119.65 -833,272.85 -629,562.03 -486,951.20Revenues from sale of tangible and intangible assets 1,073,452.71 16,289.81 1,009,876.94 11,880.342. No fixed charges have been registered on the property of the company. Interest received 210,381.60 931,135.77 3,517.60 6,534.42 1,511,532.91 1,864,854.64 1,551,293.26 1,864,854.64 3. The intracompany transactions and the intracompany balances of GR. SARANTIS A.B.E.E. during the 1st semester of 2007 are: Net inflows / (outflows) from investment activities (b) 6,295,750.73 7,040,462.00 3,322,989.87 5,482,074.35DISCLOSERS AND RELATED PARTIES TABLE CASH FLOWS FROM FINANCIAL ACTIVITIES THE GROUP THE COMPANYa) Sales of goods and services 11,302,925 9,787,005 Proceeds from share capital increase 0.00 0.00 b) Purchases of goods and services 11,302,925 140,824 Proceeds from loans granted / assumed 1,760,779.00 53,461,238.20 0.00 56,000,000.00 c) Receivables 30,548,688 9,559,585 Loan payments 0.00 -52,500,000.00 0.00 -52,500,000.00 d) Payables 30,548,688 17,995,409 Payment of own shares purchase -3,772,826.26 0.00 -3,772,826.26 0.00e) Board members and key management personnel remuneration an 417,217 417,217 Dividends paid -4,877,254.72 -4,949,755.70 -4,877,254.72 -4,949,755.70 f) Amounts from board members and key management personnel 0 0 g) Amounts due to board members and key management personnel 0 0 Net inflows / (outflows) from financial activities (c) -6,889,301.98 -3,988,517.50 -8,650,080.98 -1,449,755.70 4. The number of the employees in the group and the company is: Net increase / decrease in cash and cash equivalents for the period (a)+(b)+(c) 7,438,159.04 628,652.86 582,343.17 -3,682,224.59 THE GROUP THE COMPANY Cash and cash equivalents, beginning of the period 14,264,427.66 9,899,595.56 4,481,468.38 4,635,456.79 01/01-30/06/2007 01/01-30/06/2006 01/01-30/06/2007 01/01-30/06/2006 Cash and cash equivalents, end of the period 21,702,586.70 10,528,248.42 5,063,811.55 953,232.20 Salaried employees 1,159 1,149 546 549Wage employees 355 351 104 116 Total employees 1,514 1,500 650 665 5. Investment in fixed assets made in the 1st semester of 20076. The Financial Statements of the company have been posted in the internet address www.sarantis.gr and in the register maintained by the Ministry of Development, Dept. of Anonymous Companies and Credit undenumber 13083/06/Β/86/27. The reader who seeks to acquire a full understanding of the financial position and the results of the company GR. 7. The change in the consolidation method of the company K.THEODORIDIS SA is based on an MOU between K.THEODORIDIS family and SARANTIS Group. THE PRESIDENT OF THE BOARD OF DIRECTORS GRIGORIS P. SARANTIS 629,562.03THE COMPANYTHE VICE PRESIDENT & MANAGING DIRECTORKIRIAKOS P. SARANTIS Marousi, 24/07/2007THE MANAGER OF THE ACCOUNTING DPT. VASSILIOS D. MEINTANIS1,113,119.65THE FINANCIAL DIRECTOR KONSTANTINOS P. ROZAKEAS THE GROUPwww.sarantis.gr Nikolaos Kontidis son of Konstantinos: Independent and non Executive member, THE GROUPADDITIONAL INFORMATIONBALANCE SHEET AS AT 30 JUNE 2007Members of the board of Directors:Fotios Mpompolas son of Georgios: Independent and non Executive member, Aikaterini Saranti daughter of Pantazis: Non executive member, GR. SARANTIS A.B.E.E.Amarousiou - Halandriou 26 Str., 151 25, Marous094017922 / DOY FAVE ATHINO31 Dec. 2040Konstantinos Rozakeas son of Petros: Executive member, MINISTRY OF DEVELOPMENT, DEPT. OF ANONYMOUS COMPANIES & CREDITPantazis Sarantis son of Grigoris: Non executive member, Konstantinos Stamatiou son of Fokionos: Executive member, Kiriakos Sarantis son of Pantazis: Vice President - Managing Director - Executive member, GRIGORIS SARANTIS S.A.ANONYMOUS INDUSTRIAL & COMMERCIAL COMPANY OF COSMETICS, CLOTHING, HOUSEHOLD & PHARMACEUTICAL PRODUCTSREGISTRATION No. 13083/06/B/86/27Data and information of period 1 of January till 30 of June 2007 (Published to the Law 2190, article 135 concerning companies which compile annual financial statements, either Consolidated or not under IFRS) The following data and information aim at providing general information for the financial statements and results of the GR. SARANTIS ABEE and the GROUP. The reader who seeks to have an overview of the financial , before making any investment decision or any other transaction with the company, to visit the company web site www.sarantis.gr where the financial statements according to IFRS as well as the auditor's review report, whenever required, are posted. THE GROUP THE COMPANY THE COMPANY INFORMATION FOR THE COMPANY GROUP STRUCTURE Grigoris Sarantis son of Pantazis: President - Executive member, ANONYMOUS INDUSTRIAL & COMMERCIAL COMPANY OF COSMETICS, CLOTHING, HOUSEHOLD & 13083/06/Β/86/27THE COMPANYTHE COMPANYTHE GROUPDATA FROM INCOME STATEMENT AT 30 JUNE 2007DATA FROM CASH FLOW STATEMENTOTO TOP WITH PROPORTIONAL COSNOLIDATION METHODTHE GROUP

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