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::VISION & STRATEGY::

With the spin-off of the Company’s construction sector and its transfer to AEGEK CONSTRUCTION S.A. and the joining of the strategic investor mr. Ioannis Maroulis, the main scope of activities of the Company changed and mainly includes concession projects, realty development and the provision of consulting, support and technical services on project management issues, while the Company’s activities in the construction field are limited to its 20% holding in AEGEK CONSTRUCTION S.A.

According to the above, the Company has accumulated considerable experience and know-how in all the execution phases of a concession project, such as development, financing, construction, operation and maintenance, and is also creating the appropriate conditions and perspectives, in order to generate sufficient profit in the future. Furthermore, it continues with its involvement in the broader construction sector, on one hand through the provision of supporting and advisory services to the other companies of the Group and indirectly through its affiliate AEGEK CONSTRUCTION SA on the other, which now carries on AEGEK’s work in the construction sector.

The efforts of reorganizing and restructuring the Company for the purpose of improving the development rates of essential financial variables of the Group (turnover, cost of sales, liability impairment, equity capital improvement) and sanitizing and improving the Company’s and Group’s figures in general are starting to come to fruition, enabling the Company to exploit the comparative advantage provided by its knowledge and experience. Despite the general unfavourable environment, these efforts are reflected both in the recovery of turnover, in the current fiscal year, as well as in the Company’s transition from loss-making fiscal years to a profitable year, even if these figures are considerably less than the Company’s and group’s historical data prior to the construction sector’s spin-off.

Besides, an equally significant comparative advantage towards competition, especially in light of the current financial circumstances, is the fact that the group has no liabilities related to bank loans, while its general liabilities have also been considerably reduced.

In any case, it has been and still is the Company’s constant intention to improve the group’s financial figures’ rate of development gradually but systematically, and the administration is taking steps and making efforts towards that direction in order to ensure the upward tend despite the unstable financial environment.