Amendment to the Composition of the Board of Directors

In the context of article 2 of the Decision 3/347/12.7.2005 of the Hellenic Capital Markets Commission, it is hereby announced that the Board of Directors of the Company in its meeting dated January 9th, 2012 decided not to appoint a member in the place of the late Vice Chairman (non-executive) Panagiotis N. Kontaxis.

Moreover, with regard to the Audit Committee appointed pursuant to the decision of the Annual Ordinary General Meeting of Company shareholders dated May 26th, 2011, the deputy member Mr. Konstantinos Maraveas  replaces the late Panagiotis N. Kontaxis.  Mr. George P. Alexandridis is appointed Chairman of the above committee.  The Audit Committee now has as follows:

Chairman: Mr. George P. Alexandridis

Members: Mr. Antonios Th. Theoharis, Mr. Konstantinos V. Maraveas.

Maroussi, January 9th, 2012