Keo PLC — Interim / Quarterly Report 2016

Oct 20, 2016

KEO: Interim Management Statement

KEO plc presents the Interim Management Statement of the Company and its subsidiaries for the second half of the year of 2016. The Interim Management Statement has been prepared in accordance with the provisions 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.

In addition, the activities of the Group include the importation and placing on the domestic market various products such as beer, wines and spirits, juices, water and other canned foods.

TURNOVER

The Group's turnover during the first nine months of the year, showed an increase of 8,19% in comparison to the same period in the previous year. This increase is mainly due to the increase of local consumption and the increase in tourist arrivals during the nine months of the year in comparison to the same period in the precious year.

PROFITABILITY

The Group's profit before tax during the first nine months of 2016 amounted to €4.872.345 in comparison to €1.977.982 during the same period in the previous year. The difference is mainly due to the increase in turnover.

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 2015.

SIGNIFICANT EVENTS AND TRANSACTIONS

There have been no 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.

20 October 2016