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ANNOUNCEMENTS

Hellenic Fabrics: Announcement Concerning Share Capital Increase

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HELLENIC FABRICS S.A. announces that, following the decision of its Board of Directors dated 06.04.2011, an increase of the companys Share Capital will be included in the agenda of the Annual General Meeting of Shareholders, so that owners equity will be increased by about € 8 million.
For better information of companys Shareholders, there will be a timely awareness for the amount of Equity increase that will be realized through the Fixed Assets Revaluation Reserve in fair value, in order to decide for the final amount of companys Share Capital increase, bearing in mind the new Equity formed.
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