In response to the letter of the Capital Markets Commission, OPAP S.A. announces the following:

The intention of OPAP's management is to proceed to actions which geographically expand its operations and allow OPAP to became a leading company in the international gaming market and not exclusively depend on the current concession with the Greek State, is a fact.

Accordingly, we have already expressed our interest in participating in the privatization of the Turkish National Lottery (Milli Piyango), in cooperation with an extremely reliable Turkish consortium, on condition that the prospective tender's terms are considered appealing.

Furthermore, OPAP studies a wide range of proposals and ideas and proceeds to exploratory discussions with significant business enterprises of the global gaming and lottery sector. It is, therefore, obvious that main system providers are included in these discussions.

Articles in the recent Greek and international press referring to potential part or whole acquisition of the companies Codere and Intralot, are not based on evidence and are likely to simply project the already mentioned and known objectives of OPAP.

Comments in Eleftherotypia newspaper regarding government interference in the company's strategic planning are simply inaccurate. The company is managed by a Board of Directors and decisions are made within the corporate governance framework.