NOTES TO THE FINANCIAL STATEMENTS

35. Fiscal years unaudited by the tax authorities

(1) Τitan Cement Company S.A 2010-2017   Aeas Netherlands B.V. 2011-2017
(2) Aeolian Maritime Company -   Titan Cement U.K. Ltd 2017
(1) Albacem S.A. 2011-2017 (3) Τitan Αmerica LLC 2014-2017
(1) Arktias S.A. 2011-2017 Separation Technologies Canada Ltd 2013-2017
(1) Interbeton Construction Materials S.A. 2011-2017   Stari Silo Company DOO 2008-2017
(1) Intertitan Trading International S.A. 2011-2017   Cementara Kosjeric AD 2006-2017
(1) Porfirion S.A. 2011-2017   TCK Montenegro DOO 2007-2017
(1) Vahou Quarries S.A. 2011-2017   Double W & Co OOD 2007-2017
(1) Gournon Quarries S.A. 2010-2017   Granitoid AD 2007-2017
(1) Quarries of Tagaradon Community S.A. 2011-2017   Gravel & Sand PIT AD 2005-2017
(1) Aitolika Quarries S.A. 2010-2016   Zlatna Panega Beton EOOD 2010-2017
(1) Sigma Beton S.A. 2011-2017   Zlatna Panega Cement AD 2010-2017
(1) Titan Atlantic Cement Industrial and Commercial S.A. 2011-2017   Titan Investment EAD 2017
(1) Titan Cement International Trading S.A. 2011-2017   Cement Plus LTD 2014-2017
(1) KTIMET Quarries S.A. 2011-2017   Rudmak DOOEL 2006-2017
  Aemos Cement Ltd 2012-2017   Esha Material LLC 2016-2017
  Alvacim Ltd 2010-2017   Esha Material DOOEL 2016-2017
Balkcem Ltd 2012-2017   Usje Cementarnica AD 2009-2017
  Iapetos Ltd 2007-2017   Titan Cement Netherlands BV 2010-2017
  Rea Cement Ltd 2012-2017   Alba Cemento Italia, SHPK 2012-2017
  Themis Holdings Ltd 2012-2017   Antea Cement SHA 2015-2017
Tithys Ltd 2012,2017   Sharr Beteiligungs GmbH 2011-2017
  Feronia Holding Ltd 2007-2017 Kosovo Construction Materials L.L.C. 2010-2017
  Vesa DOOL 2006-2017   Sharrcem SH.P.K. 2011-2017
  Trojan Cem EOOD 2010-2017 (2) Alexandria Development Co.Ltd -
  Dancem APS 2012-2017   Alexandria Portland Cement Co. S.A.E 2010-2017
  Titan Global Finance PLC 2007-2017   Gaea Green Alternative Energy Assets Limited 2012-2017
  Terret Enterprises Ltd 2012-2017   Beni Suef Cement Co.S.A.E. 2009-2017
  Salentijn Properties1 B.V. 2010-2017 East Cement Trade Ltd 2006-2017
  Titan Cement Cyprus Limited 2011-2017   Titan Beton & Aggregate Egypt LLC 2010-2017
KOCEM Limited 2007-2017 (2) Titan Egyptian Inv. Ltd -
  Fintitan SRL 2015-2017   Green Alternative Energy Assets EAD 2012-2017
  Cementi Crotone S.R.L. 2013-2017   GAEA Zelena Alternative Enerjia DOOEL 2013-2017
  Cementi ANTEA SRL 2010-2017   GAEA Enerjia Alternative e Gjelber Sh.p.k. 2014-2017
  Colombus Properties B.V. 2010-2017   GAEA -Green Alternative Energy Assets 2015-2017
  Brazcem Participacoes S.A. 2016-2017   MILLCO-PCM DOOEL 2016-2017
  Holtitan B.V. 2010-2017   Adocim Marmara Cimento Beton Sanayi ve Ticaret A.S. -

(1) For the fiscal years 2011-2013, Certified Auditors Accountants tax audited the above companies and issued tax certificates without qualifications, according to the terms of article 82, par. 5 of the Law 2238/1994. For the fiscal years 2014-2016 the tax audit was conducted again by the Certified Auditors Accountants and tax certificates without qualifications have also been issued according to the article 65A, par. 1 of L. 4174/2013. Based on their recent decisions for similar cases (i.e., the decisions of Supreme Administrative Court 1738/2017, 675/2017, and Appeal Administrative Court decision 1490/2016), the Administrative Courts have stated that the fiscal year 2011 forfeited for tax purposes (five years limitation period).

(2) Under special tax status.

(3) Companies operating in the U.S.A. are incorporated in the Titan America LLC subgroup (note 14)

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