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ANNOUNCEMENTS

Axon: Release of Q1 2011 Financial Results

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AXON HOLDINGS S.A. hereby informs the investing public and shareholders that the condensed Interim Financial Statements of the Company for Q1 2011, shall be published in the newspaper KERDOS on Tuesday, May 31, 2011. The aforementioned statements shall also be posted, on the same day, on the website of the Athens Exchange (www.athex.gr) and the Companys website (www.axonholdings.gr)

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