Merger of CARMYCO and THRAKON companies under the title of THRAKON MORTARS OF THRACE SOCIETE ANONYME

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Dear All,

We are happy to announce the merger of our companies CARMYCO MANUFACTURE OF ADHESIVES, VARNISHES AND PAINTS SOCIETE ANONYME and THRAKON MORTARS OF THRACE SOCIETE ANONYME, under the title of the latter, THRAKON MORTARS OF THRACE SOCIETE ANONYME.

The completion of the merger leads our companies to a new corporate entity, enhancing our position in the global market. Our aspiration is to continue offering high quality products and services, as well as to constantly develop in order to effectively address your needs. The merger will create synergies that will further improve our associate’s network as well as our range of products, leading to development opportunities for our cooperation.

Practically, from June 1st 2016 all transactions until now performed with CARMYCO S.A. will now be under the name THRAKON AEVE,with the following company details:

Commercial name: THRAKON AEVE

VAT number: 094292250

Activity: PRODUCTION OF MORTARS

Greek Activity Code: 23640000

Phone number: 210-3633521

Fax: 210-3640230

Address:  130 Syngrou Av, 11745, Athens

TAX authority:  F.A.E. Athinon

Tax Authority code: 1159

Start Date: 01/03/1996

Given the above, all bank accounts of CARMYCO SA remain active and the beneficiary will be THRAKON AEVE.

We remain at your disposal for any further information and clarification that will facilitate the transition to the new status, and hope for a further development of our cooperation.

Best Regards

Emanuel Papadakis

Managing Director, BoD Member