VIS Container Manufacturing : Balance Sheet January 1, 2015 - June 30, 2015

VIS CONTAINERS MANUFACTURING CO. LTD

G.C.REG. No.: 122838007000

G. Gennimatas Avenue, Magoula, Attica, Postal Code: 19018

DATA AND INFORMATION OF THE PERIOD

from January 1, 2015 to June 30, 2015

(According to the Decision 4/507/28.04.2009 of the Board of Directors of the Capital Market Commission )

The following data and information, that result from the financial statements, aim at providing general information of the financial status and results of VIS CONTAINERS MANUFACTURING CO LTD. Thus, we suggest the reader, before proceeding to any investment choice or other transaction with the company, to visit the company's

website, where the financial statements as well as and t

Competent Dept-Prefecture (or Court of 1st Instance):

he auditor's report are posted, whenever required.

Ministry of Economy, Competitiveness and Shipping, Directorate of Societes Anonymes and Trust

Website :

www.vis.gr

Composition of the Board of Directors:

Filippou Dimitrios, Chairman of the Board & Managing Director ,Hadjivasileiou Georgios Vice-President, Djidjaras Athanasios, Soupionas Kyriakos, Executive Members, Tsintos Fokion, non-Executive Member, Bafilias Georgios, Granitsas Ioannis Independent non-Executive Members.

Date of approval by the Board of Directors of the financial statements:

August 26, 2015

Legal auditor :

Makris Ioannis (SOEL RN 28131)

Auditing company :

PKF Euroauditing S.A.

Type of auditor's report :

STATEMENT OF FINANCIAL POSITION

ASSETS

Self-used tangible fixed assets Other non-current fixed assets Inventories

Receivables from customers Other current assets

Non current assets intended for sale

TOTAL ASSETS

NET POSITION AND LIABILITIES

Share capital

Other net position data

Total net position of parent companys' owners (a)

Minorirty rights (b) Total equity (c)=(a)+(b) Long term loan liabilities

Provisions / Other long term liabilities Short term loan liabilities

Other short term liabilities

Total liabilities (b)

TOTAL EQUITY AND LIABILITIES (a)+(b)

ELEMENTS OF STATEMENT OF PROFITS & LOSS

Turnover Gross profits

Profits before taxes, financing and investment results Loss before taxes

Loss after taxes (a)

Other total income after taxes (b) Summarized total income after taxes (a)+(b)

Loss after taxes per share-basically (in €)

With consistent opinion

30/6/2015 31/12/2014ELEMENTS OF CASH FLOW STATEMENT

21.767.946,36 22.129.435,93Indirect method (amounts expressed in €)1/1 - 30/06/2015 1/1 - 30/06

89.615,23 89.615,23Operational activities

4.209.229,35 4.696.124,54 Profits before taxes -479.993,44 -130.4

12.462.359,28 11.024.980,56 Plus / less adjustments for:

1.369.015,77 1.179.781,56Depreciation 496.134,47 490.3

Provisions -45.085,38 14.8

3.198.081,25 3.198.081,25

43.096.247,24 42.318.019,07Results (income, expenses, profits and loss) of investment activity -0,21

Interest and similar expenses 673.142,03 682.8

14.309.568,00 14.309.568,00Plus / less adjustments for changes in working capital accounts or

-392.378,62 101.271,27related to operational activities

13.917.189,38 14.410.839,27Decrease / (increase) of inventories 486.895,19 189.8

0,00 0,00Decrease / (increase) of receivables -1.427.024,17 -1.174.9

13.917.189,38 14.410.839,27(Decrease) / increase of liabilities (minus loan) 988.725,77 1.093.0

11.112.605,00 7.457.740,01 Less:

6.038.071,86 6.118.639,91

Interest and similar expenses paid -789.170,48 -719.9

3.185.532,52 6.806.363,75

8.842.848,48 7.524.436,13Taxes paid0,00

29.179.057,86 27.907.179,80 Total inflows / (outflows) from operational activities (a) -96.376,22 445.7

43.096.247,24 42.318.019,07 Investing activities

1/1 - 30/06/2015 1/1 - 30/06/2014 Acquisition of subsidiary, associates, consortia and other investment 0,00 11.943.712,86 11.327.575,55Purchase of tangible and intagible assets -183.784,02 -174.4 1.858.156,59 2.213.474,05Proceed from sale of tangible and intagible assets 0,00

193.148,38 552.414,96Interest received0,21

-479.993,44 -130.428,35Dividends received 0,00

-493.649,89 -145.895,84 Total inflows / (outflows) from investing activities (b) -183.783,81 -174.4

0,00 0,00Financing activities

-493.649,89 -145.895,84Proceeds from issued / received loans 12.650.257,61 2.398.2

Loan repayments -12.168.099,61 -2.277.4

-0,0994 -0,0294Repayments of finance lease liabilities (amortization) -2.409,21 -3.9

Profits before taxes, financing, investment results and total 689.282,85 1.042.776,42 Dividends paid0,00

depreciationTotal inflows / (outflows) from financing activities (c) 479.748,79 116.8

STATEMENT OF COMPREHENSIVE INCOME 1/4-30/6/2015 1/4-30/6/2014Net increase / (decrease) in cash and cash equivalents of period

Turnover 6.237.079,27 5.994.565,21 (a)+(b)+(c) 199.588,76 388.1

Gross profits 958.895,60 1.196.659,94Cash and cash equivalnets at the beginning of the period 209.679,22 376.0

Profits before taxes, financing and investment results 43.684,92 316.068,48Cash and cash equivalents at the end of the period 409.267,98 764.1

Profits before taxes -329.728,78 -39.436,17ELEMENTS OF STATEMENT OF CHANGES IN EQUITY1/1 - 30/06/2015 1/1 - 30/0

Profits after taxes (a) -340.251,37 -40.156,50 Total equity at the beginning of the fiscal year (01.01.2015 and

Other total income after taxes (b) 0,00 0,00 01.01.2014 respectively) 14.410.839,27 14.791.

Summarized total income after taxes (a)+(b) -340.251,37 -40.156,50 Dividends distributed 0,00

Profits after taxes per share-basically(in €) -0,0685 -0,0081 Summarized total income after taxes -493.649,89 -145.

Total equity at the end of fiscal year (30.06.2015 and 30.06.2014

Profits before taxes, financial, investment results and total 288.901,96 561.223,44 respectively) 13.917.189,38 14.645.

depreciation

Additional data and information 8.The height of investments in fixed assets made during the period 1.1-30.06.2015

1. Applied the same accounting policies and calculating methods, as in the annual financial amounts to € 183.784,02 while during the period 1.1-30.06.2014 amounted to € statements of 31.12.2014. 174.455,74.

2. The company's financial statements are included with the method of entire consolidation in 9.There are no company's shares were possessed by the same.

the annual consolidated financial statements drawn up by the company IOFIL S.A. based in 10.The amounts of sales and purchases cumulatively from the beginning of the revie Greece. IOFIL's participation rate in VIS's share capital is 67,50% (30.06.15). period and the balances of receivables and liabilities of the company in the end of the 3.There are prenotations of mortgages on the company's fixed assets height € 14.295.126 as review period that have resulted from its transactions with related in the sense of IA guarantees for bank loans height € 11.912.605 on 30.06.2015. parties in this , are as follows:

4.We refer to the note 5.8 of the Interim Financial Statements in which there is reference for the

unaudited fiscal years. 5.The aggregate

amount of provisions which was formed up to 30.06.2015 is € 500.709,62 for personnel (amounts expressed in €)1/1 - 30/06/2015 1/1 - 30/06/20

compensation due to retirement in € 100.000,00 for tax differences previous years' audit and in a)Income 1.581.292,12 1.194.771

€ 40.000,00 for extraordinary risks. b) Expenses 572.153,40 589.489

1. The number of personnel on 30.06.2015 amounts to 192 people, while on 30.06.2014

2. There are no ligitation or arbitration, as well as judicial or arbitral decisions which could haved) Liabilities0,00 0

amounted to 232 people.c) Receivables 3.064.212,16 1.397.212

significant impact in the financial statement or operation of the company.e) Remuneration of senior executives and Board members 162.146,55 163.049

Magoula, August 26, 2015