AS COMPANY  S.A.

ANNOUNCEMENT ON FISCAL 2016 FINANCIAL RESULTS

7th April 2017

Fiscal 2016 was a very positive year for our AS COMPANY S.A. (hereinafter as the “Company”), which achieved revenue growth, significant increase in profitability and maintained high levels of liquidity. Consolidated financial statements for fiscal 2016 include «AS COMPANY CYPRUS LTD» in which AS COMPANY S.A. holds 100%. The Company succeeded for another consecutive year profitable results by improving both its sales turnover and the profitability as compared with the previous fiscal year.

Company`s sales turnover in 2016 amounted to 25.110 million euro as compared to 21.429 million euro in 2015 recording an increase of 17.18%. Earnings before taxes amounted to 3.423 million euro as compared to 2.258 million euro in 2015, thus presenting an increase of 51.60%. The improvement in profitability is due to the increase in sales volume attributable to the strengthening of the market share in the toys sector. The corresponding figures for sales at consolidated level amounted to  25.757 million. euro as compared to 21.429 million euro recording an increase of  20.20%. Earnings before taxes amounted to 3.609 million euro as compared to  2.258 million euro in 2015, thus presenting a significant increase of  59.84%

It should be noted the very low level of the CompanyΆs bank debt which amounted to  2.070 million euro versus 2.376 million euro in previous year while total bank debt at consolidated level amounted to 2.248 million euro. In 2016, the Company proceeded to the increase on the nominal value of its shares from 0.34 euro to 0.68 euro per share and the return of share capital of 0.03 euro per share totaling 393,780.60 euro.

Operating Cash flow at the CompanyΆs level amounted to 1.446 million euro as compared to 0.519 million euro in fiscal 2015 thus presenting an increase of 178.64%, while at consolidated level the corresponding figures amounted to 1.216 million euro as compared to 0.519 million euro, reporting an increase of 134.26%.

Total available cash and investments at consolidated level amounted to 7.445 million euro, which exceed the bank debt by 5.2 million euro, thus certifying the Group`s healthy financial position.

The Company`s BOD will propose to the Annual General Meeting of Shareholders the return of share capital by reducing the nominal value of the share by 0.04 euro, resulting to a total reduction of the Company`s share capital by 525,040.80 euro.

Summary of Consolidated Financials