FORMATION OF GR. SARANTIS S.A. BOARD OF DIRECTORS INTO A BODY

The new Board of Directors of the company GR. SARANTIS S.A. as it was formed into a single body, following its election, during its first meeting on December 1^st 2011 is as follows:

1. Gregory Sarantis son of Pantazis, Chairman of the BoD, executive member.
2. Kyriakos Sarantis son of Pantazis, Vice- Chairman of the BoD and Chief Executive Officer, executive member.
3. Pantazis Sarantis, son of Gregory, non-executive member.
4. Aikaterini Saranti daughter of Pantazis, non-executive member.
5. Antonios Ayiostratitis son of Miltiadis, non-executive member.
6. Konstantinos Rozakeas son of Peter, executive member.
7. Konstantinos Stamatiou son of Fokion, executive member.
8. Nikolaos Evangelou son of Pantelis, executive member.
9. Emmanouil Souriadakis son of Ioannis, independent and non-executive member.
10. Dimitrios Efstathiou son of Konstantinos, independent and non-executive member.