Titan Global Finance PLC (TGF), a subsidiary of Titan Cement Company S.A., has announced today to the Luxembourg Stock Exchange an invitation to the holders of its Euro 200,000,000 6.90% guaranteed notes due July 2013 (the Existing Notes) to exchange any or all of such Existing Notes on a nominal for nominal basis for new Euro- denominated Fixed Rate Guaranteed Notes due January 2017 (the New Notes).  TGF may also issue New Notes to new investors for subscription for cash. The minimum New Notes coupon is 8.75%.  As with the Existing Notes, the New Notes will be guaranteed by Titan Cement Company S.A. and will be admitted to trading on the Luxembourg Stock Exchange.

The rationale for the exchange offer and the issuance of New Notes is the partial refinancing of the existing debt of TGF in the framework of Titan Group’s long term financial strategy.

Alpha Bank A.E., Eurobank Ergasias S.A. and Credit Suisse Securities (Europe) Limited will act as Joint Dealer Managers and Lucid Issuer Services Limited as the Exchange Agent.
The final exchange acceptance and issue amount is expected to be announced on December 17th, 2012.

TITAN is an independent cement and building materials producer with 110 years of industry experience. Based in Greece, the Group owns cement plants in 9 countries and is organized in four geographic segments: Greece and Western Europe, U.S.A., Southeastern Europe and Eastern Mediterranean. Throughout its history TITAN has aimed to combine operational excellence with respect for people, society and the environment.

In 2011, the Group sold 15.3 m. tonnes of cement and cementitious materials, 3.7 m. m3 of ready mixed concrete, 10.9 m. tonnes of aggregates and various other building materials like concrete blocks, dry mortars etc.
Detailed financial and other information is available on the ΤΙΤΑΝ Group website: www.titan-cement.com
The above announcement was notified to the Athens Exchange, the H.C.M.C. and was also posted on the Athens Exchange website.

3.12.2012