Jumbo S.A.

Quarterly Report • Sep 28, 2015

Auditors: Audit firm: Audit report: Date of approval by the B.O.D.:	Vasilis Kazas – George Paraskevopoulos Grant Thornton Not necessary 24.11.2005
BALANCE SHEET INFORMATION
(amounts in euros)	THE GROUP		THE COMPANY
	30/09/2005	30/06/2005	30/09/2005	30/06/2005
ASSETS
Property, plant and equipment	147.620.863	147.021.980	139.375.954	138.654.118
inventories	84.525.424	74.648.327	79.527.168	70.297.004
Trade receivables	15.615.781	18.937.545	17.494.815	19.837.678
Other assets	62.972.814	56.668.090	54.038.352	49.675.955
Total assets	310.734.882	297.275.942	290.436.289	278.464.755
LIABILITIES AND EQUITY
Long term liabilities	96.278.131	110.888.891	88.008.947	101.975.005
Short term loans	17.214.422	2.027.982	15.724.759	825.627
Other short term liabilities	75.088.528	69.192.440	72.927.641	67.640.894
Total liabilities (α)	188.581.081	182.109.313	176.661.347	170.441.526
Equity	122.153.801	115.166.629	113.774.942	108.023.229
Minority interests	-	-	-	-
Total equity (β)	122.153.801	115.166.629	113.774.942	108.023.229
Total liabilities & equity (α)+(β)	310.734.882	297.275.942	290.436.289	278.464.755

INCOME STATEMENT INFORMATION
(amounts in euros)	THE GROUP		THE COMPANY
	30/09/2005	30/09/2004	30/09/2005	30/09/2004
Turnover	58.826.106	51.363.063	56.172.077	49.012.739
Gross profit	27.563.464	22.987.084	25.071.470	21.052.208
Profit before tax, interest and investment results	10.961.203	9.474.655	9.394.486	8.403.548
	13.007.104	11.159.753	11.257.227	9.911.626
Profit before taxes	9.436.864	7.805.679	8.027.141	6.925.830
Income tax	-2.458.587	-2.491.917	-2.275.428	-2.377.537
Profits after tax	6.978.277	5.313.762	5.751.713	4.548.293
Attributable to:
Equity shareholders	6.978.277	5.313.762
Minority interests	-	-
Basic earnings per share
(€/share)	0,15	0,12	0,13	0,10

(amounts in euros)	THE GROUP		THE COMPANY
	30/09/2005	30/09/2004	30/09/2005	30/09/2004
Equity in the beginning of the period (01.07.2005 and 01.07.2004 respectively) Increase / (decrease) in share capital	115.166.629 -	88.439.233 -	108.023.229 -	85.398.540 -
Dividends	-	-	-	-
Income recognised in equity	-	-	-	-
Translation differences Profift after tax for the period	8.895 6.978.277	149.244 5.313.762	- 5.751.713	- 4.548.293
Acquisitions / (disposals) of treasury shares	-	-	-	-
At the end of the period (30.09.2005 and 30.09.2004 respectively)	122.153.801	93.902.239	113.774.942	89.946.833

(ammounts in euros) 30/09/2005 30/09/2004 30/09/2005 30/09/2004 Cash flows from operating activities 6.978.277 5.313.762 5.751.713 4.548.293 Net profit for the period Adjustments for: Income taxes 2.458.587 2.491.917 2.275.428 2.377.537 Depreciation of non current assets 2.045.901 1.685.098 1.862.741 1.508.078 Pension liability provisions (net) 60.639 27.434 60.639 27.434 Other provisions 19.000 - 19.000 - Interest and other related income -157.067 -59.989 -104.542 -37.289 Interest and other related expenses 1.681.406 1.728.965 1.471.887 1.515.007 Operating profit before change in working capital 13.086.743 11.187.187 11.336.866 9.939.060 Change in working capital increase/(decrease) in inventories -9.877.096 1.005.021 -9.230.164 1.382.300 Increase/(decrease) in trade and other receivables 2.702.984 4.041.167 1.724.084 4.111.993 increase/(decrease) in other non current assets 544.757 -454.147 544.757 -454.147 Increse/(decrease) in trade payables 2.305.148 3.732.030 1.611.037 3.720.105 Other -12.015 -4.925 -6.250 -4.780 Interest payable -1.668.503 -1.718.513 -1.458.984 -1.504.554 Income tax payable 942.059 1.161.713 1.216.823 1.228.338 Net cash flows from operating activities 8.024.077 18.949.533 5.738.169 18.418.315 Cash flows from investing activities Acquisition of non current assets -2.622.624 -3.992.251 -2.575.772 -3.953.353 Accquisition of subsidiaries - - -2.556 - Interest and related income receivable 157.067 59.989 104.542 37.289 -2.465.557 -3.932.262 -2.473.786 -3.916.064 Net cash flows from investing activities Cash flows from financing activities Dividends paid to shareholders -6.379 - -6.379 - Loans received 15.186.441 1.291.544 14.899.132 1.276.632 Loans paid -14.489.129 -206.652 -13.851.261 -103.604 690.933 1.084.892 1.041.492 1.173.028 Net cash flows from financing activities 6.249.453 16.102.163 4.305.875 15.675.279 Increase/(decrease) in cash and cash equivalents (net) Cash and cash equivalents in the beginning of the period 31.454.561 8.630.244 24.462.426 5.179.571 Exchange difference cash and cash equivalents -1.251 -50.712 - - Cash and cash equivalents at the end of the period 37.702.763 24.681.695 28.768.301 20.854.850 Carrying ammount of band deposits and bank overdrafts 1.706.811 1.204.921 1.706.811 1.204.921 27.061.490 Carrying ammount of cash 35.995.952 23.476.774 19.649.929 37.702.763 24.681.695 28.768.301 20.854.850 Cash and cash equivalents	CASH FLOWS STATEMENT	THE GROUP		THE COMPANY

In compliance with the stipulations of decision 17/336/21.04.2005 of the BOD of the Capital Market Committee (Government Gazzette B614/10.5.2005)

The figures illustrated below aim to give summary information about the financial position and results of JUMBO S.A and its subsidiaries. We advise the reader before making any investment decision or other transaction concerning the company, to visit the company's web site www.jumbo.gr in which the financial statements according to International Financial Reporting Standards together with the Audit Report of the External Auditors (when necessary) are presented.

JUMBO SOCIETE ANONYME REG No 7650/06/B/86/04 11 Agg. Metaxa, Glyfada Figures and information for the period from 1 July 2005 to 30 September 2005

STATEMENT OF CHANGES IN EQUITY INFORMATION

TABLE OF ADJUSTMENTS OF EQUITY AT THE BEGINNING OF THE PERIOD (01/01/2005 AND 01/01/2004 RESPECTIVELY
BETWEEN GREEK ACCOUNTING STANDARDS (GAS) AND INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs)	THE GROUP		THE COMPANY
	1/7/2004	1/7/2005	1/7/2004	1/7/2005
Total equity as it was previously formed according to the Greek GAAP	75.391.012	99.659.317	72.350.319	92.516.601
Adjustments for the transition to IFRSs Effect from derecognition of formation and set up expenses in the balance sheet and transfer of the	-339.474	-105.632	-339.474	-105.632
Effect from the change in depreciation coefficients and the depreciable value of use of fixed assets	8.342.712	9.982.921	8.342.712	9.982.921
Effect from the recognition of capitalised expenses in the cost of fixed assets. Transfer of depreciation in
retained earnings due to the change in depreciation coefficients.	2.837.317	3.543.120	2.837.317	3.543.120
Derecognition of revaluation of property according to Law 2065/92 at 31/12/2004	-	-2.589.708	-	-2.589.708
Derecognition of depreciation on revaluation of property according to Law 2065/92 at 31/12/2004	-	228.094	-	228.094
Effect of recognition of expenses in the cost of leased assets	15.248	15.248	15.248	15.248
Reversal of dividends and recognition after aproval of AGM	7.755.264	11.113.226	7.755.264	11.113.226
Effect from the transfer of leasing costs as a reduction of the liability	484.123	1.314.183	484.123	1.314.183
Effect from the recognition of leasing finance charges	-	-226.287	-	-226.287
Recognition of accrued interests regarding finance leases	-4.096	-22.988	-4.096	-22.988
Recognition of depreciation of leased assets	-160.308	-373.900	-160.308	-373.900
Long term loans measurment - calculation of interest according to the effective interest rate method	-109.543	-386.456	-109.543	-386.456
Effect from measurement of convertible bonds loan facility	-2.648.855	-3.180.545	-2.648.855	-3.180.545
Reversal of depreciation of capitalised expenses related to the measurement of long term loan facilitiy	95.120	190.773	95.120	190.773
Trasnfer of expenses to the loan facility	610.267	610.267	610.267	610.267
Bad debts provision	-	-14.000	-	-14.000
Trasnlation differences of foreign operations	-	684	-	-
Defered tax recognition	-2.875.727	-3.451.992	-2.875.727	-3.451.992
Recognition of exchanges differences	18.375	2.128	18.375	2.128
Recognition of employee retirement provisions	-948.102	-1.074.111	-948.102	-1.074.111
Finance costs for employee retirement provisions	-	-41.813	-	-41.813
Other provisions	-24.100	-25.900	-24.100	-25.900
Total adjustments	13.048.221	15.507.312	13.048.221	15.506.628
Equity according to International Financial Reporting Standards	88.439.233	115.166.629	85.398.540	108.023.229
ADDITIONAL INFORMATION Any reference to the "COMPANY" OR "JUMBO SA" includes, unless content stated otherwise, the Group "JUMBO" and its consolidated subsidiaries 1. The company has been tax audited for the years up to 2003 and the subsidiary Jumbo Trading Ltd for the years up to 2000.
2. The company founded on 1/9/2005 a subsidiary under the name of "JUMBO EC.B" in Sofia, Bulgaria, activities of which are expected to begin in 2007. The company has been included in the consolidated financial statements for the period ending at 30.09.2005 for the first time. 3. The group's subsidiaries together with the respective participation percentages, head offices and consolidation methods are as follows
Subsidiary	Participation Head office	Consolidation method
JUMBO TRADING LTD JUMBO EC.B LTD	100% 100%	Cyprus Bulgaria	Full consolidation Full consolidation
4. There are no changes in consolidation methods as compared to the year ended at 30.06.2005
5. The Group has applied the same accounting principles as in the financial statements of 30.06.2004 (IFRS Stable Platform). There are no encumbrances on the assets of the parent company. There are encumbrances on the assets of the subsidiary amounting to € 9.420 (in €'000) [CYP 5.400 (in CYP '000)] to secure long term loans. 6. There are legal litigations, any negative outcome of which will not have a significant impact on the Group's results. Therefore no provision has been formed against the group's results 7. 8. The number of permanent employees of the company is 1.345 and of the Group 1.465.
The intercompany procurement transactions cumulatively from the beginning of the period amount to € 2.475 (in € '000). The accounts payable/receivable balance between the company and the subsidiaries amount to € 3.008 (in € 9. '000) and € 82 (in € '000).
10. Investments for the procurement of property plant and equipment for the period 01.07.2005 to 30.09.2005 amount to € 2.576 (in € '000) for the company and € 2.623 (in € '000) for the Group.
The Company's Board of Directors in its meeting held on 11.10.2005 decided to increase the company's share capital by the amount of € 3.916.212 through the issuance of 4.895.265 new registered shares, at nominal value of € 11. 0,80 each due to conversion of 2.719.596 Bonds. Therefore the total share capital of the Company amounts today to € 40.411.572,00, divided in 50.514.465 registered shares at nominal value of € 0,80 each. 12. The financial statements have been approved by the decision of the company's Board of Directors dated 24.11.2005

Glyfada, November 24th, 2005

The President of the Board of Directors & Managing Director	The Vice-President of the Board of Directors	The Financial Director	The Head of the Accounting Department

EVANGELOS-APOSTOLOS VAKAKIS SON OF GEORG. Passport n° Α 220000/2004

IOANNIS OIKONOMOU SON OF CHRIST. Identity card n° X 156531/2002 KALLIOPH VERNADAKI DAUGHTER OF EMMAN. Identity card n° Φ 099860/2001

PANAGIOTIS XIROS SON OF KON/NOS Identity card n° Λ 370348/1977