NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, OR JAPAN.

Mr. Charalampos Vovos, Chairman of the Board of Directors of Babis Vovos International Constriction S.A ("BVIC") and major shareholder, announces his intention to sell up to 5,430,000 BVIC shares representing approximately up to 16% of the total share capital of BVIC. A sale of 5,430,000 shares would leave Mr. Vovos with a 35% holding in BVIC. Mr. Vovos has agreed not to sell his remaining stake for 365 days without the consent of Deutsche Bank AG. He remains entirely committed to his management position in BVIC and will retain for the foreseeable future a minority blocking position of 35% in BVIC. BVIC's sale and leaseback contracts have been revised to accommodate a remaining position by Mr. Vovos in BVIC's share capital of 35%. The disposal of the shares will be made to a limited number of institutional investors by way of an accelerated bookbuild. Deutsche Bank AG London is the Global Coordinator and Sole Bookrunner in relation to the offering of the shares.

This press release does not in any manner constitute nor should it be characterised, considered or regarded as an invitation to the public to invest or as an invitation for collection of the public's savings nor an advertisement, notification, statement or announcement soliciting investment in the shares of the Company.

THIS PRESS RELEASE IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES DESCRIBED HEREIN.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER OR SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION, INCLUDING THE HELLENIC REPUBLIC. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 AND WILL NOT BE OFFERED OR SOLD IN THE UNITED STATES EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM REGISTRATION. NO PUBLIC OFFERING OF SECURITIES IS BEING MADE IN THE UNITED STATES.

This contents of this announcement, which has been issued by the Company and is the sole responsibility of the Company, has been approved solely for the purposes of section 21(2)(b) of The Financial Services and Markets Act 2000 by Deutsche Bank AG of Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG, or its nominated affiliates, is acting for the Company and no one else in connection with the proposed offer of common shares of the Company (the "Offering") and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Deutsche Bank AG, nor for providing advice in relation to the Offering, the contents of this announcement or any matters referred to herein.