In implementation of the relevant decision of the Annual General Meeting of Shareholders of 17.6.2016, the Board of Directors of Titan Cement Company S.A. ( the Company) decided on the same above date, the buy back by the Company within a 24 month period, namely from 18.6.2016 until 17.6.2018, of its own common and preferred shares, representing up to 10% of the paid-up Company Share Capital, including treasury stock already acquired and held by the Company, provided that the said buy back is deemed to be more beneficial compared to other available investment opportunities and that the Company has sufficient available funds. The AGM set the maximum price for the buy-back of the Company’s own shares at €40 per share and the minimum price equal to the nominal value of the Company share, i.e. €4 per share

21.6.2016