Payment approval of euro 84.588.000

The company DUTY FREE SHOPS INDUSTRIAL, MANUFACTURING, TECHNICAL AND BUSINESS COMPANY SA. with the trade name “FOLLI FOLLIE GROUP” informs that on June 14th 2011, the Board of Directors met with the only item on the agenda: the payment approval of euro 84.588.000 with regard to the share capital increase,  as decided on its Extraordinary General Meeting on May 26th, 2011.

The cover of the abovementioned share capital was taken over, after the preference right of the existing shareholders cancelled, in accordance with article 13, par 6 of Law 2190/1920, and as decided in the aforementioned Extraordinary General Meeting, by the companies under the names "FOSUN INTERNATIONAL LIMITED" and "PRAMERICA - FOSUN CHINA OPPORTUNITY FUND, LP", which will retain 3.758.702 and respectively 2.601.298 new common, dematerialized, registered shares with voting rights totaling 6.360.000 shares corresponding after the capital increase to stakes of  5,61% and 3,89% respectively, and  reaching for both companies the stake of 9,5%, with a nominal value of euro 0,3 and at a price of euro 13,3 per share. 

In particular, the shareholder “FOSUN INTERNATIONAL LIMITED" deposited the amount of euro 49.990.736,60 and the shareholder PRAMERICA - FOSUN CHINA OPPORTUNITY FUND, LP" deposited the amount of euro 34.597.263,40.

The Board of Directors of the issuer concordantly approved on its meeting on June 14th, 2011 the payment of euro 84.588.000, in order to cover the amount of the approved share capital increase of the company.

The company will proceed with a separate announcement with regard to the introduction of the new shares, after the required approvals of the regulatory authorities.