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ANNOUNCEMENTS

Hellenic Fabrics: Announcement

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Further to relative request by Hellenic Capital Market Commission and to the press release dated 29.03.2010 concerning the strategic alliance with "CRESCENT BAHUMAN LIMITED", HELLENIC FABRICS S.A. announces that the initial capital of "HELLENIC CRESCENT Ltd" amounts to £ 200,00 and is expected to increase soon to £ 200.000,00. The participation of HELLENIC FABRICS group (through its Tunisian affiliated company "BLU COTONI") is and will remain 50%, while the new company?s management will be commonly exercised by both parties. Nevertheless, HELLENIC FABRICS would like to notify that the important information is the alliance itself and its perspectives and not the above figures. 

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