Ermes Department Stores Plc announced that the board of directors has approved the payment of interim dividend of EUR 3,500,000, deriving from the accumulated profits of the financial year of 2011, which corresponds to 2 cents of the euro per share or to 5.88% on the nominal value of the share. The dividend will be paid to the share holders on December 30, 2013. The date designated to determine beneficiaries of the interim dividend is December 3, 2013, thus investors that will purchase shares by end of the meeting of the Cyprus Stock Exchange on December 3, 2012, will be beneficiaries of the interim dividend. Furthermore investors that will acquire shares through over the counter transfer on the designated date will also be beneficiaries of the interim dividend. The ex-dividend date is set to be December 4, 2013.

The company announced unaudited consolidated earnings results for the nine months ended September 30, 2013. For the period, net sales were EUR 160,638,000 against EUR 178,752,000 a year ago. Net loss for the group after tax was EUR 7,000 against EUR 92,000 a year ago. Net loss allocated to share holders of the company was EUR 569,000 against EUR 505,000 reported last year. Basic and diluted earnings per share were 0.33 cents against 0.29 cents a year ago. Net book value per share was EUR 0.45 against EUR 0.45 for the year ended December 31, 2012. Turnover and the results of the Group for the nine months of 2013 have been affected by the consequences of all the actions and decisions taking place in the Cyprus economy since March 2013. Furthermore, turnover and results have also been affected by the decisions taken by the Group in its efforts to reorganize the services offered and the termination of the operating activities of Debenhams Avenue in Nicosia, one of the three Scandia stores in Nicosia and of the subsidiary company Domex Trading Co. Ltd.