Athens, Friday July 17, 2015

SIDENOR HOLDINGS S.A.

ANNOUNCEMENT

Further to the announcement of "Sidenor Holdings S.A." (hereinafter the "Company"), as published on the website (www.sidenor.gr) of the Company on Wednesday 15 July 2015, the indicative timeline of actions for the completion of the cross-border merger by absorption of the Company by the Belgian company Viohalco S.A., as this had been published by the Company on its website (www.sidenor.gr) on 10 July 2015, will have to be amended due to the external circumstances occurred in the interim. The period for the exercise of the election right with regard to the delivery of the new shares in Viohalco S.A. is extended to (and including)
24.07.2015, when it expires.
Consequently, the timeline of actions to be followed for the completion of the cross border merger and the delivery of the new shares of Viohalco S.A. to the Company's shareholders, follows, as amended, in the table below:

Date

Description of Action

10.07.2015

Shareholders Meetings in Viohalco S.A. and Sidenor S.A.

regarding the approval of the Cross-Border Merger between the two.

10.07.2015

Start of Election Period for the delivery of the new shares.

17.07.2015

Pre-merger Certificate issued by the Greek Ministry of

Economy, Infrastructure, Marine and Tourism.

22.07.2015

Signing of Belgian notarial deed for the completion of the

cross border merger.

22.07.2015

Last trading date of Sidenor's S.A. shares on the Athens

Stock Exchange and OTC trading.

23.07.2015

Delisting of Sidenor's S.A. shares from the Athens Stock

Exchange.

24.07.2015

End of the Election Period.

29.07.2015

Delivery of Viohalco S.A. new shares to Sidenor's S.A.

shareholders either through AthexCSD, or through a different custodian based on the exercise (or not) of their

election right.

30.07.2015

Start of trading of Viohalco S.A. new shares simultaneously in Euronext Brussels and Athens Stock Exchange.

The Company notes that the above mentioned dates are only indicative and may be amended again based on further external circumstances.

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