As part of the timely and proper notification of the investors and in accordance with article 4.1.2 & 4.1.4.3.1 of the Hellenic Exchanges' Regulation, TECHNICAL OLYMPIC S.A. releases the Financial Calendar for 2012.

-         Release of Annual Financial Report for fiscal year 2011, on Friday March 30^th 2012. This release will be posted on the website of Athens Exchange (after the end of trading) and on the company's website (www.techol.gr).

-         Release of the Annual Summary of Financial Data for fiscal year 2011 in the Press on Saturday March 31^st 2012

-         General Shareholders Meeting on Friday June 8^th 2012.

-         The company will not distribute dividends for fiscal year 2011.

TECHNICAL OLYMPIC S.A. preserves the right to change the foregoing dates, after informing timely the investors by amendment hereof.