ELTON INTERNATIONAL TRADING COMPANY SA, further to the as of 20/10/2015 respective Press Release, is proud to announce to the investing public that within the framework of the Group commercial activities and Business Development, an Istanbul based company majority stake acquisition process, has been successfully accomplished.

The Group had retained so far no participation whatsoever in the said Company.

Similar to the Group one, the new Group Company's activity objective, is the Raw Materials and Chemical Raw Materials Promotion and Distribution.

Specifically, through its fully owned subsidiary Elton Corporation Sa Romania, Elton Group has acquired a 70% stake of the Joint Stock Company “Marmara Endustriyel Kimyevi Maddeler Sanayi ve Ticaret Anonim Sirketi” seated in Besiktas, Istanbul.

The Company currently Promotes and Distributes Raw Materials and Chemical Raw Materials to Industrial Sectors such as:

• Food
• Feed
• Industrial Applications
• Personal Care, House Care, Pharma, Detergents
• Water & Surface Treatment

 The Group plans comprise the new Company's current business activity, progressive penetration to all the rest industrial areas and business units, the Group operates in.

Through its new Subsidiary Turkish Company, Elton Group ensures further access to a USD 800 bil. GDP and a of 78 mil people market while out of this total country population a direct access to a total 20 mil people market through the new Subsidiary's existing presence in Istanbul and Izmir (15 mil & 5 mil respectively).

Elton Group is moreover planning the new Subsidiary's further and progressive geographical presence deployment to new areas, domestic but not only.

YE 2015 turnover estimates for the Group Turkish Company is expected at the level of TRL 11 mil or Euro 3,6 mil.

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

SE Regulation, Article 3.1.7 provisions, does not apply for this acquisition.

As transaction advisor Core Capital Partners, worked exclusively for Elton Group, substantially contributing to the Turkish market mapping.

ELTON Group consistent in the implementation of its strategic planning, through this acquisition successful accomplishment, has achieved its penetration in one among the most important and ever emerging markets, that of Turkey, consisting a potential base for further development plans.

Elton Group Management