Pursuant to the provisions of the Securities and Cyprus Stock Exchange Laws and Regulations and of the Cyprus Securities and Exchange Commission and in order to inform the Company’s shareholders and investors as fully as possible, Alkis H. Hadjikyriacos (Frou Frou Biscuits) Public Ltd announces that the results for the first half of 2016 are expected to be slightly decreased compared to the corresponding period of 2015, as the difficult situation on the market continues and worsens.

The prospects for the second half of the year are also expected to be negative, without substantial improvement.

For ALKIS H. HADJIKYRIACOS (FROU FROU BISCUITS) PUBLIC LTD

Andreas Theocharides

CFO