PASAL Development S.A. in in accordance with article 4.1.4.3.1. of the Athens Stock Exchange Rulebook, announces the modification of the Corporate Events Calendar for 2013, regarding the date of the Ordinary Annual General Meeting of the Shareholders. The new date of the General Meeting is June 20^th 2013.

Therefore the Corporate Events Calendar has as follows:

30/3/2013        Announcement & Publication of the Full Year 2012 Financial Statements

31/5/2013        Publication of First Quarter 2013 Financial Statements

20/6/2013        Ordinary Annual General Meeting of the Shareholders

30/8/2013        Publication of Half-Year 2013 Financial Statements

29/11/2013      Publication of Nine-Month 2013 Financial Statements

PASAL will not distribute dividend for the financial year 2012.