AS COMPANY S.A.

PRESS REEASE FOR THE FINANCIAL RESULTS OF 2015

31^ST March, 2016

The Company's Sales Turnover for 2015 was very satisfactory, despite the adverse macroeconomic environment. AS Company achieved increased sales by enhancing its market share in the Greek market while still maintaining a high level of liquidity.

The Company continues to achieve profitable results since its establishment presenting satisfactory growth in developing its business. Export sales presented an increase of + 3.1% as compared to the previous year. The rise in Sales Turnover is attributed to the increase in the wholesale of toys as well as in the retail children's clothing sector.

Specifically the Company's turnover reached 21.429 million euro compared to  19.245 million euro in 2014, presenting an increase of + 11.35%. Earnings before taxes reached  2.258 million euro compared to  2.588 million euro in the previous year presenting a slight decrease of -6.92%. The decline in profitability is mainly attributed to the drop in the gross profit margin due to the negative impact of the exchange rate between euro / dollar and to Company's management decision to leave selling prices untouched.

It should be mentioned that the Company's low borrowings amounting to 2.376 million euro which is lower to its cash balances of  6.913 million euro, resulting and maintaining a high value of net worth. In 2015 the Company has proceeded to a share capital refund of  1.050 million euro.

The Company's management, as stated in the financial notes, will propose no distribution of dividend for the fiscal year of 2015.