Mermeren Kombinat – Election of new Board President

Prilep, 8-11-2012

ANNOUNCEMENT (ELECTION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS)

Based on the decision number 02-1311/2 dated 05/11/2012, the Board of Directors (“B.O.D.”) of Mermeren Kombinat AD Prilep elected Mr. Theodoros Malfas, a non-executive member, as the new Chairman of the B.O.D. replacing Mr. Mark Richard Jacobson, who remains a non-executive member of the B.O.D.