Keo PLC — Interim / Quarterly Report 2014

Nov 18, 2014

KEO: Interim Management Statement

KEO plc presents the Interim Management Statement of the Company and its subsidiaries for the second half of the year 2014. The Interim Management Statement has been prepared in accordance with Article 11 of the Transparency Requirements (Securities Admitted to Trading on Regulated Market) Law of 2007 (N.190(I)/2007) and is showed below:

MAIN ACTIVITIES

The main activities of the Group, which have not been changed since the previous year, include the vinification of vine products, the production of beer and juices and bottling of natural mineral water which are distributed in the local market and overseas.

TURNOVER

The Group's turnover during the first 9 months of the year was maintained at the same level as the turnover of the corresponding period of last year.

PROFITABILITY

The Groups profit before taxation during the first 9 months of the year, has showed an increase by €697.000 in comparison to the corresponding period of last year. This increase is due to the sale of the entire share capital of the subsidiary company Fifty Frith Street Ltd, based in the United Kingdom and from which resulted a profit of €829.000 for the Group (€4.996.000 for the Company).

MAJOR RISKS AND UNCERTAINTIES

The major risks and uncertainties that the Group faces remain unchanged from those described in the Company's Annual Report for the year 2013.

SIGNIFICANT EVENTS AND TRANSACTIONS

In accordance with a resolution of the Board of Directors dated 25 September 2014, on 31 October 2014 the Company paid an interim dividend for the year 2014 of the total amount of €1.548.931,10 which corresponds to $€0,05$ for every fully paid ordinary share.

There have been no other significant events and transactions, other than the normal operating activities of the Group, which had an impact on the financial position of the Company and its subsidiaries.