SFS GROUP

30/06/2010: Profit Warning of SFS regarding the First Semester Results of 2010 [SFS]
Subject: Profit Warning of SFS Group Public Company Ltd regarding the First Semester Results of 2010 SFS Group Public Company Limited (the “Group”), pursuant to the Cyprus Stock Exchange and Cyprus Securities and Exchange Commission regulations, and for the provision of the best possible information to the Company’s shareholders as well as to the investing public in general, announces that the Group’s First Half results of 2010 are expected to be lower compared to the respective First Half results of 2009, and are expected to record losses. Such losses are mainly attributable to the decreased contribution of the trade, shipping and financial activities of the Group. The decrease in the contribution of the Group’s shipping activities is mainly attributable to the fact that the period in question does not include the turnover and the results of the Group of Companies of IMCL Holdings Ltd, which was sold on 30 December, 2009. The sale of the Group of IMCL Holdings Ltd constitutes a non-recurrent activity, and therefore, the decrease incurred to the Group’s results is not recurrent. The decrease in the contribution of the trade and financial activities, results from recurrent activities of the Group. The Group’s real estate activities continue to have a significant positive contribution, which, however, was not sufficient to cover the losses that resulted from the aforementioned activities.

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