Athens, January 19^th 2016

BOARD OF DIRECTORS INAUGURAL MEETING

EYDAP S.A. announces that following the election of the new Member of the Board of Directors from the majority Shareholder-Greek State at the Extraordinary Shareholders' Meeting on January 15^th 2016, the Board of Directors held its inaugural meeting, consisting of the following members:

Konstantinos Papadopoulos, Chairman of the BoD – Non-Executive Member

Ioannis Benisis, Chief Executive Officer – Executive Member

Konstantinos Vafeiadis - Executive Member

Ioannis Kardaras - Non-Executive Member

Georgios Makrynos - Non-Executive Member

Alexandros Pouliasis - Non-Executive Member

Nikolaos Sarantis - Non-Executive Member  

Michail Stavroulakis - Independent – Non Executive Member

Georgios Chalambalakis - Non-Executive Member

Christos Mistriotis - Non-Executive Member

Panayotis Skoularikis - Non-Executive Member

Emmanouel Aggelakis - Non-Executive Member

Evaggelos Moutafis - Non-Executive Member