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AGM notice and warrant certificate poste


We wish to inform you that the following were posted to all registered shareholders of Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd on May 7, 2015: a)Notice for the Annual General Meeting and proxy form, which will take place on Friday, May 29, 2015 at 5.30 at the Company’s registered office, 115 Grigori Afxentiou Avenue, 2660 Kokkinotrimmithia, Nicosia. b) Warrant certificates and exercise information during the period 22-30 June, 2015. In addition, the AGM notice and the proxy form are available at the Company’s website, www.froufrou.com.cy under “financial information”.

Interim Management Statement


The Company presents the First Interim Management Statement for 2015, which has been prepared pursuant to Article 11 of the Transparency Requirements Law 2007. The statement is based on the results of the first four months of 2015 and the indications for the period until May 14, 2015. The results and the indications have not been audited by the Company’s auditors. Main activities During period, the Group continued with the same activities as in 2014. General description a) As announced on February 26, 2015, the Board of Directors will propose to the AGM the payment of a dividend of €958.949 (2013: €939.177) that corresponds to €0,0097 per share or 3.7% on the nominal value of the share capital and corresponds to a 2.11% increase on the dividend of 2013. The proposed dividend corresponds to a dividend yield of 4% on the average closing price of the share of €0.255 on December 31, 2014. This is the 13th consecutive year that the Company pays increased dividend. In relation to 2014, the Group is expected to be affected positively since in February 2015 it invested via the subsidiary Handy Snacks Ltd in the acquisition of the industrial unit and brand of Bakandys products and bio-food Greenlife as well as other food import representations. Main risks and uncertainties The main risks and uncertainties are the same as those described in the Annual Report for 2014. Main events and transactions There were no other facts and transactions affecting the Company’s results during the period apart from its ordinary activities. Transactions of associated persons There were no significant transactions of associated persons other than the existing employment contracts of the Executive Board members. Targets and prospects The Management will continue its efforts to increase the sales and profitability so that the results for 2015 are better than those of 2014. The ongoing negative conditions in the market, the liquidity problems and the environment of uncertainty as well as the negative psychology of the Cypriot citizens will continue to affect negatively the Group’s results.

Reminder for warrant exercise


Alkis H.Hadjikyriacos (Frou Frou Biscuits) Public Ltd would like to remind all warrant holders that the period 22/6/2015 – 30/6/2015 will be the last period of exercise of Power Warrants 2001 – 2015 of Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd. The exercise price of warrants is €1.7086 for every share of nominal value €0.26. The payment of the exercise price is carried out with the payment of €1.7086 per warrant to Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd together with the submission of the warrant certificates during the aforementioned period only. The warrant exercise will be carried out at the Hellenic Bank branches. The shares that will be allocated from the exercise of the above Special Warrants will rank pari passu with the existing shares. It is noted that the share’s trading price in the CSE is lower than the exercise price of warrants. You are reminded that this is the last period of warrant exercise (wholly or partly). The warrants will trade in the CSE until 17/6/2015. After this date, they will be withdrawn. Pursuant to the provisions of the Prospectus dated February 28, 2015, all warrant holders who will not exercise their warrants by 30/6/2015 lose the opportunity to exercise the unexercised warrants. All unexercised warrants will be automatically cancelled. The letters, declarations and information on the exercise of warrants have already been posted to all warrant holders. The announcement will be published in newspaper “Politis” and “Alithia” on Monday, 18/05/2015.