BOARD OF DIRECTORS
EXECUTIVE COMMITTEE - AUDIT COMMITTEE

The Company and the Group are managed by the Board of Directors with the following members:

1. Christos D. Lambrakis, President of the Board

2. Stavros P. Psycharis, Vice President of the Board and Managing Director

3. Anastasios Giannitsis, Board member

4. Pantelis I. Kapsis, Board member

5. Tryfon I. Koutalidis, Board member

6. Ioannis N. Manos, Board member

7. Stergios G. Nezis, Board member

8. Ioannis N. Paraschis, Board member

9. Nikolas G. Pefanis, Board member

10. Victor St. Restis, Board member

11. Antonios P. Trifillis, Board member and

12. Panayiotis St. Psycharis, Board member

13. Juan Luis Cebrian, Board member

14. Jean Marie Colombani, Board member

The capacities of the members of the Board according to articles 3 and 4 of Law 3016/2002 were assigned as follows:

EXECUTIVE COMMITTEE

The Executive Committee was introduced pursuant to a resolution of the Board of Directors. The object of the Committee is coordinating and supervising the operation of the various corporate divisions and the companies of the Group.

The Executive Committee's members are:

AUDIT COMMITTEE

The Audit Committee was introduced pursuant to a resolution of the Board of Directors. Members of the Audit Committee are the following Board members:

Corporate Governance

Being listed on the Athens Stock Exchange, the company abides by the provisions of articles 3,4 and 6 to 8 of Law. 3016/17.05.2002 on Corporate Governance and has specifically acted to ensure that these provisions are complied with:

· in the synthesis of the Board of Directors as the Law provides, by appointing six non executive members, three out of which are also independent.

· by compiling the Corporate Procedures and Rule Book approved by the Board of Directors.

· by setting up the Audit Committee and the Internal Audit Department.