INDUSTRY OF TRADITIONAL READY MEALS Company profile

INDUSTRY OF TRADITIONAL READY MEALS

Company profile Name PALIRRIA S. A. Shareholders Souliotis Family 100% Year of Establishment 1956 Business Activity Manufacturers of Traditional Greek & Mediterranean Ready Meals Brand Palirria. Greek Specialties Greece Production facilities : 10. 500 sqm - annual production capacity of 15, 000 tn / shift Bulgaria : China 6. 500 sqm - annual production capacity of 6, 500 tn / shift : 12. 500 sqm - annual production capacity of 2, 000 tn / shift Employees Greece : 120 / Bulgaria: 550 / China : 110 (400 by end 2009) Annual Sales (2010) 20. 4 million euros from which 14. 6 million exports to more than 35 countries Quality certifications HACCP, EN ISO 9001: 2000, BRC, IFS Head Office 2 nd km Country Road Psahna-Poilitka, 344 00 Politika / Evia, Greece Contact Details Phone: +30 22280 24735 / Fax: +30 22280 24113 www. palirria. com / info@palirria. com

Brief History § In 1956, in a small village of Evia island called ‘Politika’, Antonis Souliotis founded a ready-to-eat meals family business. At that time, the company’s specialties were vine leaves stuffed with rice and baked giant beans in tomato sauce. § Later, his sons Kostas and Vassilis transformed the company from a small family business into the Greek leading company of ready-to-eat meals. § In 1989, begins the construction of the new modern factory which was completed in 1992 and is fully operational since then. § In 1995, Palirria is the first ready-to-eat meals company in Greece that is certified with ISO and later acquires the HACCP , BRC and IFS certificates § In 2000, Palirria Bulgaria L. T. D. a subsidiary company was founded. § In 2008, Palgreen Food Industries a subsidiary company in China was founded Persistence in quality at all levels, traditional recipes, constant innovation and the use of the most advanced technological equipment, have been the secret to success.

Our philosophy Palirria aims at developing and producing healthy, top quality Ready–to–Eat meals that are: § delicious and tasty § free from preservative and additives § inspired by traditional Greek recipes § using pure, carefully selected , high quality ingredients § using safe packaging that is easy to use, store and carry, and thus, allows consumption both in and out of the house with great convenience § produced under the highest hygienic condition in our modern production facilities certified by ISO 9001, HACCCP, BRC 4 & IFS 59001 and thus responding to the modern consumers’ nutritional habits and needs

Products Ready-to-Eat Meals Private Label Ambient in all categories (stored in Tin Can Plate (microwavable) Traditional recipes including favorite authentic dishes from all over Greece, packaged under the strictest hygienic demands , to ensure full taste, safety, long shelf life. No preservatives added Authentic Greek recipes cooked in Extra Virgin Olive Oil, specially packed in order to maintain the nutritious values of their finest ingredients and the beneficial attributes of olive oil. No preservatives added. Retail size (200 -280 g) Food service (2 kg) Chilled 18 -20 o. C) Retail size (350 g) (stored in 2 -4 o. C) Retail size (280 g) (stored in -18 o. C) UNDER DEVELOPMENT Glass Jar Unique selection of traditional recipes from various locations all around Greece cooked in Extra Virgin Olive Oil. Highest quality & tradition of Greek gastronomy in your dish. No preservatives added. Frozen Authentic Greek dishes cooked in Olive Oil, specially prepared with a Heat & Ready to Serve recipe and packed in order to maintain the nutritious values of their finest ingredients and the beneficial attributes of olive oil. Appropriate for conventional and/or microwave oven. No preservatives added. Retail size (400 g) Food service (1. 7 kg)

Product Range: Ambient-Glass Jar Meditteraneo is a selection of seven popular cold starters “meze”, representative of local cuisine around Greece, prepared in a unique way that combines gastronomy with tradition. These Ready-to-Eat products are: § cooked in Extra Virgin Olive Oil § free from preservatives and additives § vegetarian § using the finest ingredients that ensure a delicious and high quality product § packaged in a patented modern jar with an equally “eye-catching” label that reflect the fine quality of the content

Product Range: Ambient-Glass Jar Vine Leaves stuffed with rice Baked Giant Beans in tomato sauce Mixed Beans Salad with rice and peppers Giant Beans in vinaigrette sauce Chickpeas with sliced olives and carrots, in tomato sauce Lentils with mixed vegetables Potato Salad with carrots & green peppers * For Logistics information refer to the table at Appendix I where there are specific details.

Product Range: Ambient-Plate Cuisine Hellenic is a selection of eleven authentic Greek Main Dishes that are: § cooked in Extra Virgin Olive Oil § free from preservatives and additives § specially packed in order to maintain the nutritious values of their finest ingredients and the beneficial attributes of olive oil § using an advanced easy to use package corresponding to the daily needs of modern consumers § appropriate for microwave and/or conventional oven § Vegetarian recipes available

Product Range: Plate Ambient-Plate Vine Leaves stuffed with rice Baked Giant Beans in tomato sauce Vine Leaves stuffed with rise & minced meat in lemon sauce Octopus with pasta Cabbage Leaves stuffed with rice & minced meat in lemon sauce Greek Sausages with Peppers in tomato sauce Cabbage Leaves stuffed with rice , raisins, pine nuts in lemon sauce Meatballs in tomato sauce Young Okras in tomato sauce Meatrolls in tomato sauce Artichoke hearts in lemon sauce * For Logistics information refer to the table at Appendix I where there are specific details.

Product Range: Ambient-Tin Can A selection of fourteen traditional recipes including favorite authentic dishes from all over Greece: § using the finest ingredients that ensure a delicious & high quality product § free from preservatives and additives § produced under the strictest hygienic conditions that ensure the safety of the product whilst retaining the full taste and its nutritious values § “Eye-catching” , modern packaging which is easy to store & convenient to use § Vegetarian recipes available § Long shelf life

Product Range: Ambient-Tin Can Vine Leaves stuffed with rice Baked Giant Beans in tomato sauce Vine Leaves stuffed with rise & minced meat Baked Beans in tomato sauce Cabbage Leaves stuffed with rice & minced meat Green Beans in tomato sauce Cabbage Leaves stuffed with rice “in lemon sauce” Traditional Bean soup Eggplant in tomato sauce” Imam” Peas in tomato sauce Young Okras in tomato sauce Meatballs in tomato sauce Onions Stew “stifado” Meatrolls in tomato sauce * For Logistics information refer to the table at Appendix I where there are specific details.

Product Range: Food Service PALIRRIA S. A. offers products for its Food Service range, in practical packages of ready to eat meals. These range addresses the needs of professionals in HO. RE. CA (Hotel, Restaurants, Catering) sector with practical and hygienic packaging, offering easiness in opening, serving, warming, and storage. Our products are available in 2 different types of packaging depending upon the customers' needs and ultimate use. More specifically: Stainless still cans of 1 , 2, 2. 5, 5 kg depending on the product Aluminium trays of 2 kg

Product Range: Food Service CAN ALUMINIUM TRAYS Vine Leaves stuffed with rice Baked Giant Beans in tomato sauce Vine Leaves stuffed with rice & minced meat Giant Beans in vinaigrette sauce Baked Giant Beans in tomato sauce White Giant Beans Cabbage Leaves stuffed with rice & minced meat Onions Stew “stifado” Cabbage Leaves stuffed with rice “in lemon sauce” Pulp of Roasted Eggplant Meatrolls in tomato sauce Roasted Red Peppers * For Logistics information refer to the table at Appendix I where there are specific details.

Indicative Sales Figures Total Sales Performance PALIRRIA GREECE 2000 – 2010 (in million euros)

Indicative Sales Figures Export Sales Performance PALIRRIA GREECE 2000 – 2010 (in million euros)

Indicative Sales Figures Sales Performance PALIRRIA GREECE in Greece 2000 – 2010 (in million euros)

Facilities Greece Bulgaria China Annual Production Capacity: 15. 000 tn / shift Annual Production Capacity: 6. 500 tn / shift Annual Production Capacity: 2. 000 tn / shift 6. 500 sqm / 550 Employees 12. 000 sqm / 150 Employees 10. 500 sqm / 120 Employees

Quality Certificates HACCP Food Safety Management Certificate International Food Standard IFS Certificate ISO 22000 Food Safety Management Certificate BRC Global Standard Certificate

Contact Details STYLIANOS GERAZOUNIS Export Area Sales Manager mobile : +30 69369 44931 e-mail : sgerazounis@palirria. com INDUSTRY OF TRADITIONAL READY MEALS 2 nd km. of Country Road Psahna-Politika 34400 Politika, Evia, Greece Tel : + 30 22280 24735 ext: 212 fax: + 30 22280 24113 web site: www. palirria. com