A.G. PETZETAKIS S.A. HELLENIC PLASTICS AND RUBBER INDUSTRY

We have reviewed the accompanying individual and consolidated statements of financial position of A.G. PETZETAKIS S.A. HELLENIC PLASTICS AND RUBBER INDUSTRY as at 30 June, 2009 the related statements of comprehensive income, changes in equity and cash flows for the six months period then ended, and a summary of significant accounting policies and other explanatory notes, which compose the interim financial information. Management is responsible for the preparation and fair presentation of this interim financial information in accordance with International Financial Reporting Standards which have been adopted by the European Union and are applied in the interim financial information (IAS 34). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim financial information are not prepared, in all material respects, in accordance with IAS 34. Without qualifying our opinion we draw attention on the following:

The non achievement of the financial commitments as at 30 June, 2009 as stipulated in the bond agreements, has been accepted by the Bond holders. The continuation of the company’s and of the group’s activities without future achievement of the financial commitments as stipulated in the bond agreements is subject to the consent and the continuous support of the bond holders (see notes 1 and 13.4).

Report on review of other Legal requirements

Based on our review we confirm that the above six monthly report which required by article 5 of Law 3556/07 it is consistent with accompany interim financial information.

THE CERTIFIED PUBLIC ACCOUNTANT

MOORE STEPHENS CHARTERED ACCOUNTANTS S.A.