Reply to HCMC's letter

In reply to letter ref. 1585/22.4.2013 from the Capital Market Commission we inform the following :

a) The acquisition of 80% of AEGEK CONSTRUCTION SA's share capital by AKTOR, after  conversion of the related ordinary shares to preferred shares without voting rights for the price of one Euro (€1) and  the acquisition of 4.992% of listed AEGEK SA's share capital  for an amount of 200,000 €.

b) The choice of AKTOR for non-participation in the management of AEGEK CONSTRUCTION SA but only through consulting and advising services, the core of the agreement, is implemented through the issuance of preferred shares without voting rights.

 c) Since AKTOR has only undertaken to provide consulting and advising services to the Board of AEGEK CONSTRUCTION SA for the execution of  existing projects, there is no impact neither on the backlog nor on the financial position of AKTOR.

Kifissia, 23/4/2013