Keo PLC — Management Reports 2012

Nov 19, 2012

KEO: Interim Management Statement

Please be informed that the Board of Directors of KEO plc, at a meeting that took place on 19 November 2012 at 08:30 has examined and approved the Interim Management Statement. 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.

MAIN ACTIVITIES

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

TURNOVER

The Group's revenue during the first 9 months of the year has decreased by 4.8% when compared to the same period in the previous year.

The decrease in the sales volume is mainly due to the overall shrinkage of the market and the intense competition from imported products.

PROFITABILITY

The Group's loss during the first 9 months of the year has remained at the same level as in the same period in the previous year, despite the decrease in the Group's turnover.

MAJORS RISKS AND UNCERTAINTIES

The major risks and uncertainties that the Group faces remain unchanged from those described in the Group's Annual Report for the year ended 31 December 2011.

SIGNIFICANT EVENTS AND TRANSACTIONS

As part of a continuous afford of enhancing its operations, the Group has strengthened its portfolio of products with the ready to drink coffee beverage, MAXCAFE. The product has been designed and produced exclusively for the Group.

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