Statement of Members of the Board(In accordance with article 4 of Law 3556/2007)

The members of the Board of Directors of TITAN CEMENT COMPANY S.A.:

1. Andreas Canellopoulos, Chairman,
2. Dimitri Papalexopoulos, Chief Executive Officer and
3. Vassilios Zarkalis Board Member, having been specifically assigned by the Board of Directors, declare in our above capacity that:

As far as we know :
A) the enclosed Financial Statements of TITAN CEMENT COMPANY S.A. for the period of 1.1.2013 to 31.12.2013 which have been drawn up in accordance with the applicable accounting standards, reflect in a true manner the assets and liabilities, equity and results of TITAN CEMENT COMPANY S.A. as well as of the businesses included in Group consolidation taken as a whole.
B) the enclosed Report of the Board of Directors reflects in a true manner the development, performance and financial position of TITAN CEMENT COMPANY S.A. as well as of the businesses included in Group consolidation taken as a whole, including a description of the principal risks and uncertainties faced by them.