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A) Corporate Portfolio

http://www.hradf.com/en/corporate

B) Land Development

http://www.hradf.com/en/real-estate

C) Infrastructure

http://www.hradf.com/en/infrastructur

e

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A) Corporate Portfolio

The Hellenic Republic’s extensive corporate asset portfolio includes assets from sectors such as

gaming, banking, heavy industry and energy. These assets are in the process of being transferred

to HRADF for privatization.

The aforementioned assets include part or all of the Greek state’s share in the following

corporations:

State Lottery Tickets

Public Gas Corporation SA (DEPA)

Hellenic Football Prognostication Organisation SA (OPAP)

Hellenic Horse Racing Company SA (ODIE)

Hellenic Defence Systems SA (EAS)

Hellenic Petroleum SA (HELPE)

Hellenic Post (ELTA)

Hellenic Casino of Parnitha (HCP)

Hellenic Vehicle Industry SA (ELVO)

LARCO

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Public Gas Corporation SA (DEPA)

DEPA is the incumbent natural gas importer and distributor. It sources gas from a number of

suppliers through long-term supply contracts and provides approximately 90% of the gas

consumed in the country.

DEPA holds 100% of DESFA, which holds, operates and develops the National Natural Gas

Transmission System. DEPA also holds a 51% interest in the Gas Distribution Companies of

Attica, Thessaloniki and Thessalia, which supply retail clients in their respective regions.

The Hellenic Republic holds 65% of DEPA, with the remaining held by Hellenic Petroleum SA.

The Hellenic Republic has appointed UBS, Rothschild and Alpha Bank as financial advisors as

well as Koutalides Law Firm and Clifford Chance as legal advisors to assist with the

privatisation.

For more information you can visit DEPA website at http://www.depa.gr

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Hellenic Petroleum (HELPE)

HELPE is the leading oil refiner and distributor in Greece and a significant player in the

Southeast European market. It operates three refineries in southern and northern Greece which

cover approximately 70% of the country’s refining capacity, and a refinery in FYROM.

Apart from ex-refinery sales to retail companies HELPE is also active in fuel retailing in Greece

where it holds a c28% market share and abroad in Cyprus, FYROM, Bulgaria, Serbia,

Montenegro and Albania. Additionally, HELPE holds stakes in the incumbent natural gas

distributor and a joint venture in power generation, and operates Greece’s sole petrochemicals

plant.

The Hellenic Republic holds 35.5% of HELPE, which is listed in the Athens Stock Exchange

and has appointed UBS and Nomura as financial advisor and KGDI Law firm and Baker &

McKenzie as legal advisors to assist with the privatisation

For more information you can visit Hellenic Petroleum website at http://www.hellenic-

petroleum.gr

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Hellenic Defense Systems (EAS)

Hellenic Defense Systems S.A. (EAS) was established in 2004 by merging “Greek Powder &

Cartridge Company SA” ( known as “PYRKAL”) and “Hellenic Arms Industry SA” (known as

“EBO”).

EAS is a State owned company group active primarily in the defence sector (manufacturing and

assembly of infantry weapons, anti-tank and missile systems, small and medium calibre

ammunition, artillery ordnance), and secondarily in the civil sector (manufacturing of

commercial explosives, hunting rifle ammunition, metal constructions and boilers).

The Company operates five (5) manufacturing facilities in Greece equipped with technically

advanced machinery. It complies with the AQAP 2110 NATO quality standard.

Since its founding, EAS has entered into significant international co-operation agreements with

major factors in the global defense industry, particularly in the R&D and manufacturing fields.

Following long-term co-production activities under strict quality and compliance standards, EAS

is now an acknowledged partner in the international defense industry.

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B) Land Development

The Hellenic Republic Asset Development Fund has launched a very ambitious project for the

exploitation the Greek public sector’s private properties, aiming to generate proceeds of €25 bn

euro.

The scope encompasses more than 70.000 properties of the public sector that are currently

managed/owned by public real estate companies (KED, ETA), DEKO and by various Ministries.

Properties will be assessed and selected for exploitation on the grounds of general criteria (Free

Properties, Urban Properties, Non-urban Properties > 1.000 m2) and commercial factors (size,

location, basic legal commitments, potential property uses).

Development strategies will be designed for single assets and/or portfolios of assets that will

emerge from this process.

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Kassiopi, Corfu

General Information

Location

Adjacent to the Kassiopi peninsula, Island of Corfu. Sea-front property situated c. 38 km north of

the city of Corfu and its International Airport. The total number of foreign visitors to the Island

exceeds 700,000 on an annual basis according to the Hellenic Chamber of Hotels. The majority

of visitors are British, followed by Germans and Russians. The average tourism period is 5

months (May – September), the peak tourist season being July-August, while Greek Orthodox

Easter is also considered a peak season given the traditional festivities taking place in the island.

Size

The surface of the property is c. 490,000 sq.m, (120.83 acres), more than half of its area covered

by a private woodland including a small natural lake. The exploitable area is approximately

178,000 sq.m. (44.06 acres). The coastline frontage of the property is approximately 725m.

Project Development Concept

The property enjoys great natural beauty, located on a largely undeveloped part of the island of

Corfu. Considering the site’s location in close proximity to very exclusive properties such as the

Rothschild Estate, its development potential and thus implied value could be extremely high. The

property is offered for exclusive use as well as for development of an upscale residential

complex, focusing on vacation villas and hotel / leisure facilities. The Hellenic Republic intends

to proceed with all required actions promoting the exploitation and development of the land.

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Afantou, Rhodes

General Information

Location

The Afantou property consists of two neighbouring beachfront land plots located in the Afantou

area of the island of Rhodes. The Rhodes International Airport, the city of Rhodes and the

Rhodes Hospital are only 20km away. Both plots are very close to the Rhodes-Lindos Highway,

the major road artery of the island. The property is situated in close proximity to very important

tourist destinations of the island such as the famous Tsampika and Kolympia beaches.

According to the Civil Aviation Authority-Rhodes International Airport, the island catered to a

total of 3,473,000 International Passenger traffic in the year 2011, in addition to the 673,000

domestic traffic. These figures are further increased by the traffic at the port of Rhodes that in the

same year amounted to 1,042,000 passengers. The majority of international arrivals come from

the United Kingdom, closely followed by Germany, Italy, Russia and Sweden.

Currently only one 5-star Hotel and one 4-star Hotel are operating in the Afantou beach area

while the majority of the tourist accommodation is provided through guest rooms, villas and

studios. Hotel operators such as Sheraton, Aldemar, Acquis, Grecotel and Louis have a strong

presence on the island.

Size

The combined surface of the land plots is c. 1,858,000m², part of the property (c. 450,000 sqm)

currently encompasses an 18-hole Golf course designed by Donald Harradine, which has been in

operation since 1973. The coastline frontage is approximately 7km.

Project Development Concept

The property has the potential to be developed into a large scale integrated tourism, leisure,

residential project around the existing golf course on a well established vacation destination such

as Rhodes.

The HRADF intends to proceed with the necessary steps set out in the new legal framework to

enable the development of the property.

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Astir Vouliagmenis

General Information

Location

On a peninsula by the sea, known as “Mikro Kavouri”, in Vouliagmeni, Athens. Situated 20 km

from the Athens centre and 25 km from the Athens International Airport. The adjoining

properties are the Astir Palace hotel complex (owned by the National Bank of Greece – NBG)

and the Vouliagmeni Marina (in the process of privatisation by ETAD; Contractor is the Astir

Palace group).The nearby Lemos area is the highest priced residential area of Athens.

Size

119.800 sq.m. (exploitable approx. 111.942 sq.m.)

Project Development Concept

The overall property has the potential to be further developed into a large scale integrated

tourism / leisure / residential project around the existing hotels on a prime property. HRADF

intends to proceed with the necessary steps set out in the new legal framework to contribute in

the development of the property.

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Thermal Springs

Wellness & Thermal Tourism

Greece is endowed with natural mineral springs and geothermal waters which form an integral

part of the country’s national wealth. Their therapeutic properties are well recognized since

ancient times, offering treatment opportunities for various ailments in a natural way

(hydrotherapy).

Thermal springs have long been associated with improving mental and physical health and many

popular tourism developments have evolved around these natural resources.

Increasing demand for authentic health and lifestyle experiences based on geothermal and natural

mineral water resources, has created the opportunity for Greece to become an international

wellness destination.

Thermal Springs in Greece

The Hellenic Republic Asset Development Fund is exploring the development potential of

thermal/wellness tourism in Greece aiming to capitalize on the existing network of thermal

springs. Currently, the following thermal springs are under consideration:

EVIA Prefecture

Aedipsos

Location

Very popular thermal spa destination in Greece Located on the northwest coastal front of the Evia Island Access from mainland, either via Chalkida (191km from Athens) ,or by ferry from the port of

Arkitsa (156 km from Athens)

History - Description

The springs are known since the days of Aristotelis and their use dates back to the 3rd century BC

The spring were very famous during roman period In proximity to areas of historical interest and natural beauty

Buildings - Land Site

One of the most modern and complete facilities in hydrotherapy and physiotherapy in Greece

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Consists of a complex of 10 buildings covering a total area of 9,446.40 m² built on a 23,500 m² land plot

Temperature - Characteristics

35 - 80 °C Superheated - Cl - Na - K - Br - B - CO2 - mineral - supertonic

Therapeutic Properties *

Recommended for treatment of rheumatism, arthritic deformations, ankylosing spondylitis, nervous disorders, sciatica, lumbago, post-traumatic deformations and gynecological ailments

Ypati

Location

Located in mainland Greece, in the Prefecture of Fthiotida In proximity to the city of Lamia (18 km) and at a distance of 230km from Athens Situated in a wooded area in the Sperheios plain, the springs are considered similar to the Baths

of Royat in France and Nauheim in Germany in terms of physicochemical composition

History - Description

In proximity to areas of historical interest and natural beauty

Buildings - Land Site

Includes a hydrotherapy center, hotel, restaurant, shop and several other buildings, developed on a 868,000 m² land plot

Temperature - Characteristics

33.5 °C Cl - Na - Ca - HCO3 - K - B - AS - CO2 - mineral - hypotonic

Therapeutic Properties *

Recommended for treatment of heart disorders, hypertension, rheumatism, arthritis, migraine, post traumatic situations and chronic nervous diseases.

FTHIOTIDA Prefecture

Kamena Vourla

Location

Located in mainland Greece, on the coastal front of the Prefecture of Fthiotida, in a beautiful setting between the mountains and the sea

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In proximity to the city of Lamia (38 km) and at a distance of 165 km from Athens The springs were formed by geological incidents in Maliakos Bay and in the mountains

Kallidromo – Knimida

History - Description

In proximity to areas of historical interest and natural beauty

Buildings - Land Site

The complex includes dated hotels and a hydrotherapy center with a total area of 16,610 m² developed on a 554,206 m² land plot

Temperature - Characteristics

33 - 41 :C Superheated - Cl – Na - K - Br - B – CO2 - mineral - supertonic

Therapeutic Properties *

Recommended for treatment of chronic rheumatism, arthritis, nephritis, gout and nervous disorders, gynecological ailments, skin and circulatory system diseases.

Koniaviti/Kamena Vourla

Location

Located in mainland Greece, on the coastal front of the Prefecture of Fthiotida. In proximity to the city of Lamia (37 km) and at a distance of 166 km from Athens.

History - Description

In proximity to areas of historical interest and natural beauty

Buildings - Land Site

The complex includes dated buildings covering a total area of 1,510 m² and developed on a 1,061,955 m² land plot

Temperature - Characteristics

33 - 41 : Cl - Na - K - B - Br - mineral -hypotonic

Therapeutic Properties *

Recommended for treatment of rheumatism, arthritic deformation, gynecological ailments, skin and vascular diseases.

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Thermopylae

Location

Located in mainland Greece, in the Prefecture of Fthiotida. In proximity to the city of Lamia (15 km) and at a distance of 185 km from Athens

History - Description

Area with great historical interest, where the famous battle of Thermopylae between the Greeks and Persians took place in 480 BC.

According to Greek mythology, Hephaestus, at the request of goddess Athena, created springs for Hercules to wash and rest following the completion of his labors.

Buildings - Land Site

The complex includes a hydrotherapy center, two dated hotels, an administration building and a chapel, developed on a 785,398 m² land plot.

Temperature - Characteristics

40 °C Superheated - Cl - Na - Ca - K - B - Br - HS - mineral - hypotonic

Therapeutic Properties *

Recommended for treatment of rheumatism, gynecological and peripheral nerves diseases.

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Xenia Hotels

Xenia Hotels, was a nation-wide hotel programme initiated by the Hellenic Tourism

Organisation to improve the country’s tourism infrastructure in the 1960s and 1970s.

Many of the hotels have been designed by well-known Greek architects and have been

categorized as listed buildings, in view of their architectural value.

Located in arguably the most advantageous locations of Greece, their architectural style,

aesthetics and unique features have rendered them a landmark in the country’s hotel sector.

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C) Infrastructure

The Greek Government has an extensive portfolio of infrastructure assets for privatisation via

concession and/or sale. These assets are gradually transferred to the HRADF; interested investors

will be notified via calls for tender and calls for expression of interest.

The portfolio includes, among others:

OSE (Hellenic Railways Organization): Railway Operator (TRAINOSE SA), , Maintenance of

Rolling Stock & Railroad Equipment (ROSCO)

Athens International Airport

Regional Airports

4 aircrafts type Airbus 340 – 300,

Egnatia Odos Motorway,

the Hellenic Motorways SA (recipient of toll revenues paid to the HR)

the Athens Water Supply and Sewerage Company (EYDAP SA)

Thessaloniki Water Supply and Sewerage Company (EYATH SA)

12 ports as companies of limited liability

Small ports and marinas

Greek Power Corporation (DEI)

Natural Gas Storage “South Kavala”

Mobile Telephony Licences (Frequency Spectrum (900-1800MHz)

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“Egnatia Odos” Motorway

The Egnatia Motorway crosses all Northern Greece, from East to West, starting from the

Igoumenitsa Port, which links Greece to Italy, ending at the Greek-Turkish border.

Egnatia Motorway is a catalyst for investments in Northern Greece, in the transport,

manufacturing and tourism sectors. It greatly facilitates trade and travel within Greece, bringing

Epirus and Western Macedonia much closer to the metropolitan center of Thessaloniki (2nd

largest Greek city), the rest of Macedonia and Thrace.

On a European level it links the major economic and industrial centers of the West with those in

the East by adding an uninterrupted trading connection between them. It is also a collector route

for the Balkan and South-eastern European transport system, since Pan-European Corridors IV

(Berlin - Sofia - Thessaloniki), IX (Helsinki - Alexandroupolis) and X (Vienna - Belgrade -

Thessaloniki) end at the Egnatia Motorway.

Egnatia Motorway is positioned to serve:

36% of the country’s population

33% of the country’s GNP

54% of the country’s agricultural land

41% of the country’s employment in industry/small trade

51% of the country’s extractive industry

KEY FACTS

LENGTH: 670 kilometres

STRETCHING: From Igoumenitsa in the Prefecture of Thesprotia to Kipi in the

Prefecture of Evros

REGIONS SERVED: Epirus, Macedonia and Thrace

MAJOR CITIES

SERVED:

Igoumenitsa - Ioannina - Metsovo - Grevena - Kozani - Veroia -

Thessaloniki - Kavala - Xanthi - Komotini – Alexandroupoli

LINKED WITH THE

BORDERS OF:

Albania - FYROM - Bulgaria - Turkey, through nine major vertical

axes

PORT LINKS: Igoumenitsa - Thessaloniki - Kavala - Alexandroupoli

AIRPORT LINKS: Ioannina - Kastoria - Kozani - Thessaloniki - Kavala – Alexandroupoli

INDUSTRIAL ZONES

SERVED:

Ioannina - Florina - Edessa - Thessaloniki - Kilkis - Serres - Drama -

Xanthi - Komotini – Alexandroupolis, either directly or through its

vertical axes

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The Hellenic Republic has appointed Barclays Capital, Rothschild & Ernst &Young as financial

advisors, Tsimbanoulis Law firm and SNR Denton as legal advisors, and Steer Davies as

technical advisor to assist with the privatisation.

For more information you can visit Egnatia Odos website at http://www.egnatia.eu