Viohalco S.A. — Earnings Release 2015

Aug 21, 2015

Brussels, August 21, 2015

The enclosed information constitutes regulated information as defined by the Law of 2 August 2002 and the Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market.

Viohalco's subsidiary Elval submits first half 2015 results to the Athens Exchange

Highlights of Elval's H1 2015 results

Aluminium: In the first half of 2015, Elval Group's revenue amounted to EUR 655 million, higher by 28%, compared to EUR 511 million in H1 2014, with profit attributable to owners of the Company amounting to EUR 31 million versus EUR 4.4 million in 2014 (profits of EUR 0.247 per share against EUR 0.036 per share in 2014). In specific, the rolling sector of Elval Group had increased activities, due to higher demand from the international markets, while in the extrusion sector the high losses of 2014 were not repeated. The sales volume reached 180,000 tons, higher by 1.25%, yet the higher aluminium prices (LME and premium), the improved product mix and higher conversion prices resulted in a much higher increase in the revenue and significantly affected the Group's profitability. It is noted that these positive results were achieved despite the higher financial expenses.

Amounts in EUR thousand	Elval
	H1 2015 H1 2014
Revenue	655,279	511,369
Gross profit	67,921	39,642
EBITDA	63,129	34,659
EBIT	38,016	11,986
Profit /(loss) before income tax	30,592	5,390
Profit / (loss) of the period	32,100	2,172
Profit / (loss) attributable to owners of the Company	30,984	4,418

The interim financial reporting of Viohalco for the period ending 30 June 2015 will be published on 30 September 2015. This publication will follow the press release regarding the subsidiaries' first half 2015 financial results filings at 27 August 2015.

Link to the English translation of the Elval company's financial statements for the period is available on Viohalco's website www.viohalco.com.

About Viohalco

Viohalco SA is the holding company of various metal processing companies in Europe, based in Belgium. With production facilities in Greece, Bulgaria, Romania, Russia, FYROM and the United Kingdom, Viohalco's subsidiaries specialise in the manufacture of aluminium, copper and cables, and steel and steel pipes products, generating annual revenue of EUR 2.9 billion. In addition, Viohalco and its companies own substantial real estate properties in Greece and have redeveloped some of its properties as real estate development projects. For more information about our company, please visit our website at www.viohalco.com