ELTON SA Group in the Turkish market.

ELTON INTERNATIONAL TRADING COMPANY SA informs the investing public that the Group as part of its commercial activities further development, has entered into an initial agreement for the acquisition of a majority stake in Istanbul based company in which the Group had no participation up to date, with an object similar to the activity of Group, namely promoting raw Materials and Chemical raw Materials.

The estimated transaction price is not materially effecting the Group's financial position

The agreement is subject to approval by the local authorities hence ELTON INTERNATIONAL TRADING COMPANY SA will further inform investors about any developments.

ELTON Group, consistent in the implementation of its strategic planning and development, through this acquisition is achieving its penetration in one among the important and ever emerging market objectives, that of Turkey.