TECHNOPOLIS ACROPOLIS I C T PARK PROJECT DEVELOPMENT SCHEMES ΑΚΡΟΠΟΛΙΣ Α.Ε. Πάρκο Επιχειρήσεων Υψηλής Τεχνολογίας και Έρευνας

PROJECT DEVELOPMENT SCHEME «Α» Slide 1

SHAREHOLDERS ACROPOLIS SA INFRASTRUCTURE PROJECT MANAGEMENT ENTITY STATE equity subsidy SUB-PROJECT A’ Infrastructure Networks & Facilities Slide 2 DESIGN BUILD Option «Α»

SHAREHOLDERS ACROPOLIS SA INFRASTRUCTURE PROJECT MANAGEMENT ENTITY STATE equity subsidy Slide 3 DESIGN BUILD Option «Β» COMMERCIAL BANK loan guarantee SUB-PROJECT A’ Infrastructure Networks & Facilities

SHAREHOLDERS ACROPOLIS SA FACILITIES MANAGEMENT ENTITY EUROPEAN INVESTMENT BANK CONSTRUCTION CONTRACTOR OTHER BUYERS m m 2 73,5%26,5% SUB-PROJECT B’ Office Buildings Construction Contract Price = x € m 2 x € Option «Α» Slide 4

SHAREHOLDERS ACROPOLIS SA FACILITIES MANAGEMENT ENTITY EUROPEAN INVESTMENT BANK CONSTRUCTION CONTRACTOR m 2 100% SUB-PROJECT B’ Office Buildings Construction Contract Price = ψ € ψ € Option «Β» Slide 5

PROJECT DEVELOPMENT SCHEME «Β» Slide 6

SHAREHOLDERS ACROPOLIS SA INFRASTRUCTURE PROJECT MANAGEMENT ENTITY INVESTOR COMMERCIAL BANK GOVERNMENT equity loan subsidy 25% 75% SUB-PROJECT A’ Infrastructure Networks & Facilities Slide 7

SHAREHOLDERS ACROPOLIS SA 100% Infrastructure Project Management Entity Facilities Management Entity INVESTOR SHAREHOLDERS ? % Facilities Management Entity merger 25% 75% ? % 100% t Infrastructure Completion Date BEFOREAFTER Transfer of the Facilities’ Management ACROPOLIS SA Special Purpose Vehicle Slide 8

SHAREHOLDERS & OFF-TAKERS ACROPOLIS SA Special Purpose Vehicle TURNKEY CONTRACTOR OPERATOR «A» OPERATOR «B» EUROPEAN INVESTMENT BANK COMMERCIAL BANKS INVESTOR Facilities Management Entity Financing Income Construction Cost equity debt SUB-PROJECT B’ Office Buildings Slide 9

SHAREHOLDERS ACROPOLIS SA LANDOWNER OPERATOR «A» OTHER BUYERS Transfer of Property Payment OFF-TAKERS of office buildings m m 2 Slide 10