NRST Neurosoft S A

Athens, 4th April 2012

Press release

Board of Directors of Neurosoft S.A. approves 2011 Financial Results
Consolidated revenues in 2011 to 2.91 million ( 2.88 million in 2010) Gross profit (loss) in 2011 to 0.47 million ( (1.53) million in 2010) Net loss in 2011 to ( 1.26) million ( (4.78) million in 2010) Net Financial Position as of 31 December 2011 to 1.89 million ( 3.1 million as of 31 December 2010) Athens, 4th of April 2012 - The Board of Directors of Neurosoft S.A. met today and approved the 2011 audited consolidated financial statements, including the results for its subsidiaries, Rockberg Holding Ltd, Kestrel Information Systems S.A.. Neurosoft, traded on Milan's AIM Italia market (GRS802003004, Reuters NRST.MI, Bloomberg NRST:IM), has Integrae SIM as its Nominated Adviser. "The Group's revenues showed a slight increase in 2011 despite the adverse economic environment in Greece and a generous decrease in costs which led to streamlined operations." declared Nikolaos Vasilonikolidakis, Chief Executive Officer of Neurosoft and added "This was in line with the anticipated results due to the brave measures we took in 2011, to rationalize our cost structure in order to be leanly structured. This will continue in 2012." 2011 Key Financial Results Neurosoft's consolidated revenues for 2011 amounted to 2.91 million compared to 2.88 million in 2010. Cost of sales for the group in 2011 amounted to 2.44 million compared to 4.41 million for financial year 2010. Cost of sales decreased by 44.6% between the years 2010-2011. Neurosoft's payroll cost actually decreased by approximately 26.5% and as already planned it will further fall following the implementation of a move towards leaner operations. Net loss in 2011 amounted to (1.26) million compared to (4.78) million of losses for financial year 2010. Net financial debt as of 31 December 2011 for the Group amounts to 0,93 million compared to 1,24 million as of 31 December 2010.

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