Notification concerning change in voting rights according to the L. 3556/2007

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Pireaus, 14/05/2012

Notification concerning change in voting rights according to the L. 3556/2007

Piraeus Port Authority S.A. notifies that according to the Law 3556/2007 and the relevant notification of 11/5/12, the Greek Government transferred 12.759.440  shares of PPA SA, namely 51,038%, as well as the equal number of voting rights to the “Hellenic Republic Asset Development Fund SA”.

The change in the voting rights was effected following the execution of an over the counter transaction, in compliance with the provisions of Law 3986/2011 (Gov. Gaz. 152 A') and decision no. 206/2012 (Gov. Gaz. 1363 B’) by the Inter-ministerial Committee for Restructuring and Privatisations.

Based on the above, the total percentage of the “Hellenic Republic Asset Development Fund SA” in the share capital and the voting rights of PPA SA now amounts to 74,14%.

By controlling 100% of the “Hellenic Republic Asset Development Fund SA”, the Greek Government indirectly controls the aforementioned voting rights.