In implementation of resolution dated 8.6.2012 of the Ordinary General Meeting of Shareholders pertaining to the buy back of own shares by the Company in accordance with the provisions of Article 16 (1) of Codified Law 2190/1920,  the Board of Directors of the Company decided at its meeting on 8.6.2012, the buy back directly or indirectly by the Company of own shares up to 10% of the paid-up Company Share Capital, including the own shares that the Company has already acquired and maintains, in accordance with the provisions of Article 16 (1) of Codified Law 2190/1920. The said purchases will be made within a period of 24 months i.e. from 11.6.2012 until 8.6.2014,  at a maximum purchase price of € 40 per share and a minimum purchase price equal to the nominal value of the Company share , i.e. € 4 per share and provided that said purchases shall be deemed as beneficiary compared to other available investments and that the Company’s capital reserves allow so.