12.7.2016. According to article 2, para. 2, number (e) of the Hellenic Capital Market Commission's BoD decision no 3/347/12.7.2005 and the stock exchange legislation, the company under the name Forthnet A.E. (hereinafter referred to as the "Company") announces that its Board of Directors, as elected by the Annual Ordinary General Meeting of the Company's shareholders, has been formed as a body as follows:

1. Deepak Srinivas Padmanabhan, Chairman of the Board of Directors, non executive member,

2. Panayiotis Papadopoulos, Vice-Chairman and Chief Executive Officer, executive member,

3. Constantinos Stephanidis, non executive member,

4. Michael Warrington, independent, non executive member,

5. Edwin Lloyd, independent, non executive member.

6. Yiannos Michaelides, non executive member.

7. Mohsin Majid, non executive member.

8. Bhavneet Singh, independent, non executive member.

The term of office of the aforementioned Board of Directors is five years, expiring on 30.06.2021 or, the latest, on the date when the Annual Ordinary General Meeting of year 2021 is convened.