MLS Multimedia S.A.

Interim Report • Aug 25, 2016

Company's web site	: www.mls.gr
Date of approval of the
fincial statements	: August 22, 2016
Name of the Auditor	:Georgios Skabavirias (SOEL R.N. 14661)
Auditing firm	:SOL S.A. - CROWE HORWATH (SOEL R.N. 125)
Report of the Auditors:	: Without qualification

1.2 CONDENSED INCOME STATEMENT

MLS MULTIMEDIA SA

(According to 4/507/28.04.2009 resolution of Greek Capital Committee)

SUMMARY FINANCIAL RESULTS for the period of 1 January until 30 June 2016 Company's Number in the Register of Societes Anonymes :34194/06/Β/95/14 - GEMI: 57957704000 Technopolis ICT Business Park 555 35, Pilea, Thessaloniki

COMPANY'S INFORMATION DATA

1.1 CONDENSED STATEMENT OF FINANCIAL POSITION Amounts in €

The figures illustrated below provide summary information about the financial position of MLS MULTIMEDIA S.A.We advise the reader who seeks a complete picture of the financial position to visit the Company's website, where the full year financial statements according to International Financial Reporting Standards together with the auditor's report, are presented.

Amounts in €

				1.01 -	1.01 -
ASSETS	30.06.2016	31.12.2015		30.06.2016	30.06.2015
Tangible assets	2.423.796,18	2.498.137,76	Revenue	11.489.774,33	10.894.263,20
Intangible assets	15.765.727,73	13.598.191,17	Gross profit	4.588.416,94	3.906.329,32
Other non-current assets	773.700,59	234.194,31	Profit before interest, taxes, and
Inventories	6.593.408,32	6.555.816,82	investing results	2.617.160,11	2.077.391,99
Trade receivables	5.855.214,52	5.365.012,32	Profit before taxes	2.045.652,32	1.536.020,05
Other current assets	9.931.958,46	7.056.480,95	Profit after taxes (Ƃ)	1.991.919,43	1.455.810,89
TOTAL ASSETS	41.343.805,80	35.307.833,33	-Equity holders of the parent	1.991.919,43	1.455.810,89
			-Non controling intersts	0,00	0,00
SHERHOLDERS EQUITY AND LIABILITIES			Other comprehensive income net of tax (ƃ)	0,00	0,00
			Total comprehensive income net of tax (Ƃ) + (ƃ)	1.991.919,43	1.455.810,89
Share capital	4.594.290,00	4.594.290,00	-Sherholders	1.991.919,43	1.455.810,89
Retained earnings and reserves	19.359.964,99	17.993.316,49	-Non controling intersts	0,00	0,00
Total Share capital and reserves (a)	23.954.254,99	22.587.606,49	Basic earnings tax per share(in €)	0,1643	0,1190
Non-controling interests (b)	0,00	0,00	Proposed dividend per issued share (in €)	0,0000	0,0000
Total Equity (c) = (a) + (b)	23.954.254,99	22.587.606,49	Profit before interest, taxes, and
Long-term borrowings	5.250.000,00	3.000.000,00	depreciation and amortization	3.988.359,77	3.106.104,47
Provisions / Other long term liabilities	115.118,09	115.118,09
Short term borrowings	2.120.091,34	1.781.540,21	1.3 CONDENSED STATEMENT OF CHANGES IN EQUITY
Other short term liabilities	9.904.341,38	7.823.568,54	Amounts in €
Total liabilities(d)	17.389.550,81	12.720.226,85		30.06.2016	30.06.2015
			Equity balance at beginning of the year
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)	41.343.805,80	35.307.833,33	(1.01.2016 & 1.01.2015 respectively)	22.587.606,49	21.116.821,58
			Total comprehensive income	1.991.919,43	1.455.810,89
			Share capital Increase	0,00	0,00
1.4 CASH FLOW STATEMENT			Share capital reduction	0,00	0,00
Amounts in €			Transfer to reserves	-11.222,35	0,00
	1.01 -	1.01 -	Dividends	0,00	0,00
	31.12.2015	31.12.2014	Purchases / (sales) of own shares	-614.048,58	-546.220,68
Cash flow from operating activities			Equity balance at year end
Profit before taxes	2.045.652,32	1.536.020,05	(30.06.2016 & 30.06.2015 respectively)	23.954.254,99	22.026.411,79
Adjustments:
Depreciation	1.371.199,66	1.028.712,48	NOTES
Provisions	320.300,01	260.000,00	1. In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the fiscal year 2015.
Foreign Exchange Differences	11.357,41	-32.859,19	2. The unaudited by the tax authorities fiscal years for the Company are presented in detail in the note 6.26 of the annual financial statements.
Investing Activities Results (income, expences, profit & loss)	-6.671,28	23.775,24	3. The assets of the Company have been pledged (note 6.10).
			Capital expenditure for the 1st half of 2016 amounted to 3.463.599,64€. 4.
Interest Expense	515.299,30	550.455,88
			5. There are no litigation issues for the Company.
Increase / decrease adjustments for working capital:			6. Number of employees at the end of the reporting period: 118 (30.06.2015: 108).
Decrease / (increase) in inventories	-37.591,50	225.579,90	7. Earnings per share have been calculated on the total weighted average number of shares, excluding the average number of treasury shares.
Decrease / (increase) in trade and other receivables	-2.585.912,59	472.050,11	The amount of the provisions for the unaudited by the tax authorities fiscal years is 64.500,00€. There are no provisions accounted for litigation issue and other provisions. 8.
(Decrease) / increase in trade and other payables (excluding banks)	1.487.533,67	-477.680,32
			9. The total number of its own shares that the company holds as at 30.06.2016 is 421.168 of aggregate value of average cost per share 3.71 euros and they have been deducted
Interest paid	-515.299,30	-550.455,88	from the Shareholders Equity of the company. The fair value of this shares at 30.06.2016 was 1.525€ (in 000 euros).
Taxiation paid	0,00	0,00
Net flows from operating activities(a)	2.605.867,70	3.035.598,27	Transactions during the fiscal year 2014 and balances as of 31 December 2014 with related parties, as defined in IAS 24, are as follows: Amounts in € 10.
Cash flow from investing activities
Acquisition/sales of subsidiaries and other investments	0,00	0,00	a) Income		0,00
Purchase of tangible and intangible assets	-3.464.394,64	-3.977.352,36	b) Expenses		520.000,00
Proceeds from sales of tangible and intangible assets	0,00	0,00	c) Receivables		518.151,41
Inflow from Government Programs	0,00	0,00	d) Payables		0,00
Interest received	14.091,51	9.083,94	e) Key management compensations		731.587,11
Net cash flows (used in)/from investing activities (b)	-3.450.303,13	-3.968.268,42	f) Receivables from key management		0,00
Cash flow from financing activities			g) Payables to key management		0,00
Proceeds from borrowings	2.588.551,13	745.029,41
Treasury shares
Inflow from Government and European Programs	-614.048,58	-546.220,68
	0,00	0,00
Net cash flows (used in)/from financing activities (c)	1.974.502,55	198.808,73
Net increase / (decrease) in cash
and equivalents (a) + (b) + (c)	1.130.067,12	-733.861,42
Cash and cash equivalents at beginning of the year	4.544.122,91	2.400.468,59
Cash and cash equivalents at end of the year	5.674.190,03	1.666.607,17

The President & CEO

IOANNIS N. KAMATAKIS ID No ǹǺ 706563

The Vice President of the B.O.D.

PARASKEVI D. ZAHARIADOU ID No ǹǺ 706623

Chief Finanvial Officer

KONSTANTINOS V. PAPADOPOULOS ID No ǹΖ 169490