New Board of Directors was constituted as a body

By virtue of Article 2 par. 2 case (e) of Decision No 3/347/12.07.2005 of the Board of Directors of the Capital Market Commission and the prevailing stock market legislation, Folli Follie SA announces that pursuant to the company's Annual Ordinary General Shareholders Meeting of Friday June 25, 2010, the new Board of Directors convened and was constituted as a body as follows:
Dimitris Koutsolioutsos, President and Chief Executive Officer, Executive Member
George Koutsolioutsos, Vice President, Executive Member
Ketty Koutsolioutsos, Executive Member
Elias Culucundis , Non Executive Independent Member
Dimitrios Tzelepis, Non Executive Independent Member
Zacharias Mantzavinos, Non Executive Member
Law Chiu Chuen, Non Executive Member
The company is represented jointly by the signatures of Mr Dimitrios Koutsolioutsos and Mr George Koutsolioutsos.