Hellenic Exchanges-Athens Stock Exchange S.A.

Quarterly Report • Sep 23, 2015

106.978 134.071 17.544 31.373

ADDITIONAL DATA AND INFORMATION: 9.

	COMPANY DATA							STATEMENT OF COMPREHENSIVE INCOME
Company website:	www.helex.gr						GROUP				COMPANY
Approval date of the financial statements						1.1-	1.1-	1.7-	1.7-	1.1-	1.1-	1.7-	1.7-
for the nine months by the Board of Directors	04.11.2009					30.9.2009	30.9.2008	30.9.2009	30.9.2008	30.9.2009	30.9.2008	30.9.2009	30.9.2008
HELEX Board of Directors composition	Name		HELLENIC Exchanges S.A. Position		Turnover Gross Profit	53.071 33.315	85.410 62.542	21.046 13.909	22.245 17.812	28.218 20.414	49.259 36.814	11.498 8.220	12.716 9.196
	Iakovos Georganas		Chairman
	Ulysses Kyriakopoulos		Vice Chairman and independent		Earnings before Interest and Taxes (EBIT)	33.315	62.542	13.909	17.812	20.414	36.814	8.220	9.196
			non executive member		Profit berofe tax	37.172	68.596	14.703	19.851	48.939	93.725	36.351	9.677
	Spyros Capralos		CEO & executive member		Less tax	(9.311)	(18.423)	(3.696)	(5.406)	(5.198)	(10.423)	(2.050)	(2.360)
	Avgoustinos Vitzilaios		Non executive member		Profit after tax (A)	27.861	50.173	11.007	14.445	43.741	83.302	34.301	7.317
	Vasilios Drougas		Non executive member		Minority Shareholders	0	0	0	0	0	0	0	0
	Artemis Theodoridis		Non executive member		Company's Shareholders	27.861	50.173	11.007	14.445	43.741	83.302	34.301	7.317
	Antonios Kaminaris Nikolaos Karamouzis		Non executive member Non executive member		Total other profit after tax (B) Cumulative total revenues after tax (A+B)	157	(516)	291	(516)	0	0	0	0
	Nikolaos Milonas		Non executive member			28.018	49.657	11.298	13.929	43.741	83.302	34.301	7.317
	Ioannis Pechlivanidis		Non executive member		Minority interests	0	0	0	0	0	0	0	0
	Nikolaos Chryssochoidis		Non executive member		Company's Shareholders	28.018	49.657	11.298	13.929	43.741	83.302	34.301	7.317
Certified Auditors Accountants	Konstantinos Michalatos & Dimitrios Sourbis
Auditing company:	PRICEWATERHOUSECOOPERS				After tax profits per share in € (basic & weighted)	0,429	0,720
Type of audit review report:	Not required
					Earnings before interest, taxes,
	STATEMENT OF FINANCIAL POSITION				depreciation and amortization (EBITDA)	35.244	64.580	14.557	18.459	21.356	37.778	8.535	9.511
	GROUP 30.9.2009	31.12.2008	COMPANY 30.9.2009	31.12.2008				STATEMENT OF CHANGES IN EQUITY
ASSETS					HELEX GROUP
Tangible assets for own use	28.936	30.294	25.084	25.812			Share Capital	Treasury	Share	Reserves	Retained	Minority	Total Equity
Intangible assets	208	290	18	8				Stock	premium		earnings	Interest
Other non current assets	6.395	6.434	240.833	240.763					reserve
Clients	4.937	6.134	2.171	2.198	Total equity at the start of the period 01.01.2008		88.107	0	94.279	64.758	(57.979)	5	189.170
Other current assets	125.521	135.782	24.745	18.824	Cummulative profit after tax for the period		0	0	0	0	49.657	0	49.657
Non current assets earmarked for sale	5.738	5.930	5.738	5.930	Reserve transfer		0	0	0	3.964	(3.964)	0	0
TOTAL ASSETS	171.735	184.864	298.589	293.535	Share buy-back		0	(29.899)	0	0	0	0	(29.899)
					Dividends paid		0	0	0	0	(52.864)	0	(52.864)
LIABILITIES AND EQUITY					Stock option plan reserve		0 0	0 0	0 0	548 (688)	0	0 0	548 (172)
Share Capital less treasury stock	71.906 0	88.107 (40.637)	71.906 0	88.107 (40.637)	Special securities revaluation reserve Total equity at the end of the period 30.09.2008		88.107	(29.899)	94.279	68.582	516 (64.634)	5	156.440
Other Shareholders' Equity	77.840	112.914	210.031	229.685	Profit after tax for the period		0	0	0	0	14.666	0	14.666
Total Shareholders' Equity	149.746	160.384	281.937	277.155	Reserve transfer		0	0	0	0	0	0	0
Minority interest	5	5	0	0	Reserve reduction from asset revaluation		0	0	0	296	0	0	296
Total Equity	149.751	160.389	281.937	277.155	Share buy-back		0	(10.738)	0	40.637	(40.637)	0	(10.738)
Provisions and other long term liabilities	3.710	3.740	1.757	1.834	Special securities revaluation reserve		0	0	0	(233)	175	0	(58)
Other short term liabilities	18.274	20.735	14.895	14.546	Stock option plan reserve		0	0	0	(217)	0	0	(217)
Total liabilities	21.984	24.475	16.652	16.380	Total equity at the end of the period 31.12.2008		88.107	(40.637)	94.279	109.065	(90.430)	5	160.389
TOTAL EQUITY AND LIABILITIES	171.735	184.864	298.589	293.535	Profit after tax for the period		0 0	0 0	0 0	0 4.678	28.018 (4.678)	0 0	28.018 0
					Reserve transfer Special reserve from securities valuation		0	0	0	157	(157)	0	0
					Cancelation of Treasury stock		(6.396)	40.637	0	(34.241)	0	0	0
	STATEMENT OF CASH FLOWS				Dividends paid		0	0	0	0	(29.416)	0	(29.416)
					Stock option plan reserve		0	0	0	565	0	0	565
	GROUP		COMPANY		Share capital return		(9.805)	0	0	0	0	0	(9.805)
	30.9.2009	30.9.2008	30.9.2009	30.9.2008	Total equity at the end of the period 30.9.2009		71.906	0	94.279	80.224	(96.663)	5	149.751
Operating activities Profits before taxes	37.172	68.596	48.939	93.725	HELEX			STATEMENT OF CHANGES IN EQUITY
							Share Capital	Treasury	Share	Reserves	Retained	Minority	Total Equity
Plus / minus adjustments for:								Stock	premium		earnings	Interest
Depreciation	1.929	2.038	942	964					reserve
Provisions	186	196	95	106	Total equity at the start of the period 01.01.2008		88.107	0	94.279	42.889	52.682	0	277.957
Interest/ securities provisions	7	1.442	0	267	Cummulative profit after tax for the period		0	0	0	0	83.302	0	83.302
Interest income	(3.864)	(6.557)	(527)	(2.238)	Reserve reduction from asset revaluation		0	0	0	255	0	0	255
Dividends received	0	0	(28.001)	(54.679)	Dividends paid		0	0	0	0	(52.864)	0	(52.864)
Interest and related expenses paid	7	503	3	6	Reserve transfer		0	0	0	3.952	(3.952)	0	0
Stock option plan provisions Profit from asset sales	565	548 (3.343)	263	255 (18)	Share buy-back Total equity at the end of the period 30.09.2008		0 88.107	(29.899) (29.899)	0 94.279	0 47.096	0 79.168	0 0	(29.899) 278.751
Used provisions	(216)	(168)	(172)	(133)	Profit after tax for the period		0	0	0	0	8.952	0	8.952
					Reserve reduction from asset revaluation		0	0	0	296	0	0	296
Plus/ minus adjustments for changes in working capital or					Share buy-back		0	(10.738)	0	40.637	(40.637)	0	(10.738)
concerning operating activities					Stock option plan reserve		0	0	0	(106)	0	0	(106)
Decrease / (increase) in receivables			(5.444)	893	Total equity at the end of the period 31.12.2008		88.107	(40.637)	94.279	87.923	47.483	0	277.155
	(3.289)	1.242									43.741	0	43.741
(Decrease)/ increase of liabilities (except banks)	(3.487)	(8.533)	(163)	(27.916)	Profit after tax for the period		0	0	0	0
Interest received	3.834	5.115	527	1.971	Reserve transfer		0	0	0	4.647	(4.647)	0
Taxes paid	(8.564)	(21.732)	(4.788)	(12.936)	Stock option plan reserve		0	0	0	262	0	0	0 262
Total inflows/ (outflows) generated from operating					Cancellation of treasury stock		(6.396)	40.637	0	(34.241)	0	0	0
activities (a) Investment activities	24.280	39.347	11.674	267	Dividends paid Share capital return		0 (9.805)	0 0	0 0	0 0	(29.416) 0	0 0	(29.416) (9.805)
Purchase of PP&E & intangible assets	(12)	(205)	(2)	(1)	Total equity at the end of the period 30.09.2009		71.906	0	94.279	58.591	57.161	0	281.937
Sale of PP&E & intangible assets	2	13.414	0	21
Securities	0	7.146	0	0
	0	(1.387)	0	(1.401)
	0	0	28.001	54.679
Increase in participations Dividends received Total inflows / (outflows) from investment activities (b)	(10)	18.968	27.999	53.298
Financial activities
Interest & other similar expenses paid	(4)	(1.191)	(2)	(6)
Increase in reserves	0	(29.899)	0	(29.899)
Share capital return	(9.805)	0	(9.805)	0
Dividend payments	(29.416)	(52.864)	(29.416)	(52.864)
Total inflows / (outflows) from financial activities (c)	(39.225)	(83.954)	(39.223)	(82.769)
Net increase/ (decrease) in cash and cash equivalents from the beginning of the period (a) + (b) + (c)
	(14.955)	(25.639)	450	(29.204)
Cash and cash equivalents - beginning of the period	121.933	159.710	17.094	60.577

1 The companies of the Group with the corresponding addresses, activities and percentages of participation which are included in the consolidated financial statements with the consolidation method are:

					10.	HELEX is a founding member of Link Up Capital Markets, a new consortium formed by 8 European Depositories that is planning on providing cross-border transaction
	Company	HQ	Activity	% of direct participation	Total % of the Group	settlement services. On 29.06.2009, the first connection of HELEX as depository with the Swiss depository was made, based on the terms of the Link Up contract. The total investment by the 8 Depositories in the company is €7.9m, and HELEX's participation is €1.4m, 17.82% of the total investment.
	Athens Exchange	Athens	Organization and support of the operation of cash and derivatives markets as well as other financial products	100,00%	100% 11.	The Group has invested part of its liquidity in bank bonds which it has classified as a commercial portfolio. These bonds are not expected to be sold in the near future. Taking into consideration the recent modifications of IAS 39, the company on 1.7.2008 transferred the abovementioned bonds in the securities for sale portfolio. The result of the
	Thessaloniki Stock Exchange Centre	Thessaloniki	Provision of support services to brokerage company branch offices and investors in Thessaloniki	66,10%	99,90%	revaluation of the bonds in 9M 2009 was a profit of €208 thousand, and is charged directly to equity (special reserve).
2.			Out of the companies of the Group ATHEX has been audited up to fiscal year 2005. The tax audit for fiscal years 2006 & 2007 is expected to commence in Q4 2009. Regarding TSEC, the tax audit for fiscal years 2005 and 2006 was included in the provisions of Law 3697/2008 and as a result the tax audit was completed with the payment of €15,274.12. In April 2009 the HELEX		12.	The Group shows on its balance sheet an accumulated reserve amount of €3,160 thousand of which: a) €1,877 thousand concern staff retirement obligations, b) €735 thousand concern legal claims againts the Greek state and c) €548 thousand concern other risks.
			tax audit for fiscal years 2006 and 2007 was concluded. These fiscal years include the last fiscal years for ADECH and CSD, until the date that the approval by the Prefecture for merging
			those companies with HELEX was given – 29 November 2006. Based on the tax audit, additional tax and penalties in the amount of €171.383 were assessed, which were paid. This amount will not burden the current fiscal year, as it is covered by a provision that had been made in previous fiscal years.		13.	In compliance with the requirements of the Code of Conduct to unbundle the services offered and for their accounting separation, HELEX has drafted a self-assessment report and has published the expenses and revenues for each service for the year 2008. The HELEX certified auditor, PricewaterhouseCoopers SA, has drafted an independent audit report on the HELEX self-assessment report. The self-assessment report, together with the audit report of the certified auditor, the audited financial statements of HELEX, and
						the table with the costs and revenues have been submitted to the Hellenic Capital Market Commission on April 30th 2009.
	3. There are no encumbrances on the assets of the companies of the Group.
4.			There are no differences in litigation or arbitration in legal or administrative bodies which may have a material impact in the financial position of the Company & the Group.		14.	The terrorist act (explosion) that was carried out against Hellenic Exchanges on 2.9.2009, caused extensive damage to the new building of the Group. The group is fully
	5. Number of employed personnel at the end of the current fiscal year: Group 270, Company 129.					insured, and thus it is estimated that it will soon be restored to its former condition, without burdening the financial performance of the Group.
6.			The value of transactions and the balances of the HELEX Group with related parties is shown in the following table:		15.	In accordance with Law 3606/2007 and relevant resolutions by the Capital Market Commission, HELEX is obliged to separate its post trading services. This obligation requires
			GROUP	COMPANY		that actions must be taken, in order to implement structural changes. HELEX is currently exploring and drafting a time plan for the best possible solution, in order to fulfill its
	Revenue (outflows)			28.253		obligation.
	Expenses (inflows)			223
	Claims			94
	Liabilities			139
	Transactions and remuneration of management and the BoD		1.760	866
7.	Profits per share were calculated based on the average weighted number of shares outstanding.
8.	with a par value of €1.10 per share.		The Repetitive General Meeting of shareholder of 26.05.2009 decided to cancel the 5,117,000 own shares of the Company, thus reducing the number of shares outstanding by an equal amount, from 70.485,563 to 65,368,563, as well as return part of the share capital to shareholders, with a corresponding reduction in the par value of the share. In particular, it decided to return capital in the amount of €9,805,284.45 or €0.15 per share for the 65,368,563 shares. Thus, the share capital of the Company became €71,905,419.30, divided into 65,368,563 shares
		THE CHAIRMAN OF THE BoD	THE CHIEF EXECUTIVE OFFICER		THE GENERAL MANAGER	THE DIRECTOR OF FINANCIAL MANAGEMENT	THE HEAD OF ACCOUNTING & BUDGETING
		IAKOVOS GEORGANAS	SPYROS CAPRALOS		NIKOLAOS KONSTANTOPOULOS	CHRISTOS MAYOGLOU	CHARALAMBOS ANTONATOS
		ID: Χ-066165	ID: Ι-365608		ID: Π-673088	ID: Π-575157	ID: N-554218

According to the balance sheet results of 31.12.08, the HELEX BoD proposed for approval to the Annual General Meeting of Shareholders of 6.5.2009 a dividend payment of €0.45 per share for the 65,368,563 (excluding the treasury stock) shares of the company, i.e a total dividend payout of €29.4m.

HELLENIC EXCHANGES SOCIETE ANONYME

HOLDING, CLEARING, SETTLEMENT & REGISTRY

In accordance with Resolution 4/507/28.4.2009 of the Capital Market Commission Board of Directors

(Amounts in € thousands)

The following data and information which arise from the financial statements, aim to provide general information about the financial position and results of the Company "Hellenic Exchanges S.A. Holding, Clearing, Settlement & Registry." We therefore recommend that the reader who wishes to have a complete picture of the financial position and the results of the Company should, before making any investment decision or other transaction with the Company, refer to the issuer's website address where the interim financial statement are posted as well as the review report by the Certified Auditors Accountants, whenever this is required.

Co Register No 45688/06/B/00/30

110 Athinon Ave, 10442 Athens

SUMMARY FINANCIAL DATA AND INFORMATION FOR THE PERIOD from JANUARY 1ST 2009 to SEPTEMBER 30TH 2009

Cash and cash equivalents - end of the period