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Sprider Stores

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The general meeting of shareholders Sprider Stores approved the increase of the shares par value from EUR 0.30 to EUR 0.90 and the subsequent decrease (reverse split) of the current 78,787,980 outstanding common registered shares, according to an announcement.

A total of 14 shareholders were present owning 60,202,949 common registered shares of a total of 78,787,980 hence representing 76.41% of the companys paid up capital and therefore the General Meeting had the required quorum. Therefore, the General Meeting:

1.Unanimously, approved the increase of the shares par value from EUR 0.30 to EUR 0.90 and the subsequent decrease (reverse split) of the current 78,787,980 outstanding common registered shares of par value EUR 0.30 each, to convert to 26,262,660 outstanding common registered shares of par value EUR 0.90 each, which are to be distributed pro bono to the current shareholders pro rata one (1) new share replacing three (3) held as well as the amendment of article 5 of the Company?s Articles of Association regarding the share capital.

2.Unanimously, approved the amendment of article 3 of the Companys Articles of Association, regarding the scope of business as follows:

The Companys scope of business is:

. To produce and trade garments, sportswear, sea outfit, shoes, leather products, fabrics, yarns, every kind of accessory and home products as well as gums, lollipops and other readymade sugar candies or sugar products, concert, cinema and theatre tickets and other artistic or non-artistic events, or space, cds, dvds and any other sort of sound and video recording means, cosmetics and other body and face care products, perfumes, watches as well as sun glasses and eyewear products. To import and export the aforementioned products. To represent domestic or international houses, which produce the aforementioned or similar products and to distribute in wholesale or retail in the Greek or international markets. To acquire, exploit any sort of right, privilege and license to use third party technical knowhow and brands which service the scope or are useful to the Companys endeavors. In pursuit of the aforementioned scopes the Company may participate in any company of similar or not scope of business, in any company form and (or) to cooperate with them as well as to provide all sort of guarantees to third party on behalf of subsidiaries or other affiliated companies of the Company, as the Board of Directors deems necessary.

. The retail sale of electricity.

. o construct and commercially use real estate.

3.Unanimously, approved the validation of the election of members of the BoD in replacement of the resigned. In specific, Messieurs Efthymios Bakalis and Nikolaos Doulaveris replaced Messieurs Charalambos Xylouris and Nikolaos Baklatzis. Therefore, the current BoD composition is as follows:

thanasios Hatziioannou, son of Dorotheos, Chairman and Managing Director
Savas Hatziioannou, son of Dorotheos, Vice-Chairman
Dorotheos Hatziioannou, son of Athanasios, executive member
Evangellos Hatziioannou, son of Athanasios, executive member
Efthymios Bakalis, son of Nikolaos, executive member
Emmanuel Vlasseros, son of Prokopios, Independent non-executive member
Vasileios Tsiganos, son of Panagiotis, Independent non-executive member
Nikolaos Doulaveris, son of George, Independent non-executive member
The Boards term matures on 14/06/2015.
 
Moreover the Companys Audit Committee consists of the following:
Emmanuel Vlasseros, son of Prokopios, Chairman
Vasileios Tsiganos, son of Panagiotis, Member
Nikolaos Doulaveris, son of George, Member
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