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Press Release of “HCAP” for the formation into body of the Board of Directors of “ETAD”

Press Release of “HCAP” for the formation into body of the Board of Directors of “ETAD”

The Hellenic Corporation of Assets and Participations S.A. (“HCAP”) announces the formation into body of the Board of Directors of the Public Properties Company S.A. (“ETAD”) with force from 15th February 2018.

The Board of Directors of HCAP, being the sole shareholder of ETAD, with the support of an experienced consulting firm of international reputation and via an open process for the submission of candidacies, selected executives with long experience and specialized knowledge in the real estate business, who have collectively strong and diverse professional expertise, to lead ETAD to its new role, as the company that manages and exploits a large part of the real estate of the Hellenic Republic.

Taking into consideration the above, the Board of Directors, unanimously, decided the following composition of the Board of Directors of ETAD:

1. Yannis Polyzos, Chairman of the Board of Directors

2. George Terzakis, Chief Executive Officer, Executive Member of the Board of Directors

3. Galatea Ellie Kakoullou, Executive Director, Executive Member of the Board of Directors

4. Athanasios Papanikolaou, Non-Executive Member of the Board of Directors

5. Lila Tsitsogiannopoulou, Non-Executive Member of the Board of Directors

6. Polychronis Griveas, Non-Executive Member of the Board of Directors

7. Yannis Filos, Non-Executive Member of the Board of Directors

The Board of Directors of HCAP welcomes the new team of the Board of Directors of ETAD and wishes to them every success, within the scope of their duties as well as in the achievement of the strategic objectives of the company.

To this direction, the new Board of Directors shall formulate and implement the Business Plan of ETAD, with main priorities the maturity process and the optimal exploitation of its real estate portfolio and therefore the enhancement of revenues, objectives which shall contribute to the development prospect of the real estate market in Greece, the attraction of investments and the support of the economic recovery both at local and national level.

See the Appendix A’ with the short CVs of the members.

APPENDIX Α’

Short CVs of the Members of the Board of Directors of the Public Properties Company S.A. (“ETAD”) are referred below:

1. Yannis Polyzos, Chairman of the Board of the Directors

Born in 1946. He holds a Diploma in Architecture from École Speciale d‘Architecture de Paris and in Urban and Regional Planning from the Institut d’ Urbanisme de Paris – Dauphine. He attended his postgraduate studies in Paris-Vincennes and he completed his PhD at the Toulouse – Le Mirail University. In 1993 he was elected Associate Professor, and in 1998 Professor, in the Department of Urban and Regional Planning in the School of Architecture of the National Technical University of Athens. He was the President in the Institute of Agricultural Science “Ktima Siggrou” (2002-2003), President in the School of Architecture of the National Technical University of Athens (1999-2003) and President in the School of Architecture of the National Technical University of Crete (2004-2005). Furthermore, he was the Vice Rector in the National Technical University of Athens (2006-2010) and President in the Organization for Planning and Environment Protection of Greater Athens (2009-2012). He has led many research programs concerning urban protection and rehabilitation as well as projects concerning principles, goals and policies for the protection and improvement of the urban environment.

2. George Terzakis, Chief Executive Officer, Executive Member of the Board of Directors

Born in 1963. He holds a Master’s Degree in Civil Engineering from the National Technical University of Athens. He has been graduated from the Hellenic Army Academy and holds an Engineering Diploma from the School of Mechanical Corps Technical Education. Certified in Health & Safety from the Hellenic Institute for Occupational Health and Safety. He has worked as NATO Technical Projects Director in the Hellenic Army General Staff and has extensive working experience in the maturity processes and the management of real estate properties, as well as in the development of large technical projects (Industrial-Energy, Ports, Roads and Special Infrastructure projects). From 2008 to 2015 he worked as Technical Consultant focused in costing and valuation, as well as in technoeconomic and legal matters in public projects. Since June 2015, he is Chairman and CEO of ETAD.

3. Galatea Ellie Kakoullou, Executive Director, Executive Member of the Board of Directors

Born in 1965. She possesses extensive experience in the banking sector and particularly in Project Finance in the areas of real estate, infrastructure and energy. She worked with Alpha Bank from 1999 to 2018, where she was head of Structured Finance (Project Finance and Real Estate Finance) for 13 years, and prior to that worked in the Corporate Banking area, successfully concluding throughout this period many transactions not only in Greece but in Southeastern Europe as well. From 1994 to 1999 she held the position of Senior Executive in Institutional Banking at National Westminster Bank in Athens, extending debt financings to the sovereign and public sector entities. She began her career at the Federal Reserve Bank of New York in the Bank Supervision Group. Ms. Kakoullou holds a BA in Mathematics from Columbia College in New York and a Master’s Degree in International Banking and Finance from the School of International and Public Affairs of Columbia University.

4. Athanasios Papanikolaou, Non-Executive Member of the Board of Directors

Born in 1963. He is a graduate from Varvakios Model High school, a graduate of the Athens University of Economics and Business (ASOEE) with a specialisation in Marketing and holds a Master in International Management from the University of INSEAD in Paris. He has been appointed as the new CEO of MIG Group since the first of July 2016 and holds his capacity as the Executive Chairman of the Food and Beverage Branch, VIVARTIA Group of Companies. He is specialized in retail and the Management and Organization of large enterprises, having served as the General Manager of Continent Hellas (Carrefour), where he worked in France and in Greece for eight years, as the Managing Director in VENETIS S.A. for 3,5 years, as the General Manager (2001-2007) and as the Managing Director (2007-2011) in EVEREST Group of Companies, as the CEO (2011-2017) of the Food and Beverage Branch VIVARTIA Group of Companies (Goody’s, Everest, Olympic Catering), while at the same time he serves as the Vice President of Vivartia Group of Companies (DELTA, Barba Stathis , Goody’s, Everest) . He is the President of SEPOA (Association of Organised Branded Food Service Chains) and a member of SETE (Greek Tourism Confederation). Furthermore, he is appointed as the Chairman of Hygeia, member of Hygeia Group since the November of 2016.

5. Lila Tsitsogiannopoulou, Non-Executive Member of the Board of Directors

Born in 1976. She has more than 20 years of experience in the Real Estate investment sector and she is specialized in real estate management and assessment. She holds an MSc in Property Investment and a BSc in Property Valuation & Finance of the City University Business School, while holding a Diploma in Micro-Economics (London School of Economics). She is a Chartered Surveyor (MRICS) and an Examiner for professional competence. She has served as a Senior Executive in multinational companies, responsible for property valuation and property development, in both Greece and abroad, with emphasis on complex development projects. Since 2011, as a Cushman & Wakefield Partner, she has worked with several Institutions and Group of Companies. Since April 2015 she is member of the Board of Directors of HRADF.

6. Polychronis Griveas, Non-Executive Member of the Board of Directors

Born in 1974. He has been graduated and holds an MBA from Johnson & Wales University in the USA and also a Hotel Management Diploma from IHTTI in Switzerland. He has attended Global Strategic Management and Negotiation & Decision Making program in Harvard Business School and General Managers Program in Cornell University. From 2006 to 2017 he held the position of the Vice Chairman and CEO of Astir Palace Vouliagmenis SA and also Chairman and CEO of Astir Marina SA, where he managed the privatization of the company, securing at the same time significant operational profitability. He has also undertaken managerial positions in Fairmont Hotels & Resorts, XV Beacon Hotel and in the largest casino in the world, Foxwoods Resorts & Casinos in the USA. Between 2003 and 2006 he held the position of the General Manager in Sofitel Rhodes and then the position of the Chief Operating Officer in Sofitel Capsis Hotel chain. From April 2011 he was Senior Advisor in Hotel Properties & Tourism sector in the National Bank of Greece.

7. Yannis Filos, Non-Executive Member of the Board of Directors

Born in 1962. Graduated from Athens University of Economics & Business (ASOEE), obtained his MBA in USA (University of Connecticut) and his PhD from Panteion University, Athens, Greece. He has acquired the professional titles of certified auditor CIA/2000 and CFE/2004. He worked at Arthur Andersen for 7 years and then as a consultant in private and public enterprises as well as Board and Audit Committee Member. From 2000 to 2007 he taught in ASOEE and since 2008 he is a member of the Faculty of Public Administration (currently Associate Professor) at the Panteion University, where he was in 2016 Deputy Rector of Economics and Development. He also served as Member of the Quality Control Council of ELTE (2014-2017) and as Member of the BoD of the Greek Institute of Business Ethics (EBEN Gr). He is author of several books and articles in Greek and foreign journals and speaker at many professional and scientific conferences in Greece and abroad.

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