Reply to ATHEX question – Comments on article

In reply to your letter Ref.No. 8888/27.4.2012 regarding an article as of 27.4.2012 posted on euro2day.gr website, entitled “Ellaktor: Deal under way for… Anemos”, we would like to inform you that:

As stated in the recent conference call of our Group (2.4.2012, Presentation of Financial Results for 2011), and also given the challenging financial circumstances in Greece, it is a priority for the Management of ELLAKTOR to address the issue of Corporate debt as a whole and, consequently, gradually deleverage its balance sheet. In this context, we are considering our options to utilise the Company's holdings and assets.

At the moment there is no significant development regarding the above. In case of reportable events, the authorities and investors will be promptly notified.

Kifissia, 27.04.2012