Athens, March 1, 2017 – Further to an enquiry received from the Hellenic Capital Market Commission (HCMC) in connection with its announcement dated 23 February 2017, Frigoglass S.A.I.C. (the “Company”) clarifies that the parties involved in the capital restructuring discussions are its main shareholder Boval S.A., its core lending banks Citibank, HSBC, Alpha Bank and Eurobank, as well as an ad-hoc committee representing holders of Frigoglass’ €250 million 8.25% Senior Notes due 2018 issued by its subsidiary, Frigoglass Finance BV.