NRST Neurosoft S A

Athens, 20 September 2011

Press release

BoD of Neurosoft S.A. approves 2011 First Half Year Results

Consolidated revenues in the first half 2011 to 1,88 million ( 1,29 million at 2010 midyear) Gross profit to 0,54 million ( gross loss 0,49 million at 2010 midyear) Net loss to 0,38 million (net loss 1,95 million at 2010 midyear) Net Financial Debt equal to 1,32 million

Athens, 20 September 2010 - The Board of Directors of Neurosoft S.A. met today and approved the first half year results ended 30th June 2011, including the results for its subsidiaries Rockberg Holdings Ltd, Kestrel Information Systems S.A. and Neurosoft Romania SRL. Neurosoft, traded on Milan's AIM Italia market (GRS802003004, Reuters NRST.MI, Bloomberg NRST:IM), has Banca Akros as its Nominated Adviser. Neurosoft's consolidated half year revenues were 1,88 million, up 45,6% from the prior-year period. The Group's loss before income taxes for the first half of 2011 was 0,33 million, compared with 1,90 million the year before. Neurosoft's net loss decreased to 0,38 million during the first half of 2011, from 1,95 million a year prior. "The first half year results reflect the company's efforts to improve profitability and adjust to the new market conditions," said Nikos Vasilonikolidakis, Chief Executive Officer of Neurosoft. "The company has implemented a stringent cost cutting program which along with its revised business plan is showing its first positive results." ********** Neurosoft S.A., a Greek company listed on the AIM Italia market, organised and managed by the Italian Stock Exchange (ISIN GRS802003004, Reuters NRST.MI, Bloomberg NRST:IM), today is a software provider supplying solutions that optimize business and operational processes with a view to maximize customer profitability. Neurosoft's innovative integrated software systems in factoring, sports betting, business intelligence, liability management, transactional systems, and the implementation of mission critical applications have provided tools to financial institutions, stock exchanges, telecom companies and sports betting operators to increase operating efficiencies, act on well-depicted real-time risk and liability analysis, and increase revenues and bottom line capitalizing on sophisticated predictive analytics. Neurosoft was founded in 1994 and became the first company to be floated in the AIM Italia market of the Milan Stock Exchange in 2009. Based in Athens, Neurosoft has a multinational presence in Romania, Albania, Serbia, Bulgaria and Cyprus. Banca Akros S.p.A. is Neurosoft's Nominated Adviser for the AIM Italia market. ndicatively in 2010 Neurosoft recorded a turnover of 2.88 million (3.66 million in 2009), with an EBITDA equal to -3,7 million (0,1 million in 2009) and net loss equal to - 4,77 million ( -0,4 million in 2009).

On behalf of the company

Nominated Adviser

Neurosoft SA Alexandra Andriopoulou Tel.: +30 210 6855061 a.andriopoulou@neurosoft.gr Banca Akros

Carla Zanon 0243444251 carla.zanon@bancaakros.it Giovanni Reale 0243444005 giovanni.reale@bancaakros.it

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