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Announcement of the Commencement of the First Investment Period

“Thessaloniki Port Authority S.A.” announces that on Monday 18th of March 2019, a Notice of Commencement of the First Investment Period was sent to the Greek State, confirming the Company’ s intention to initiate processes of the First Mandatory Investments, pursuant to article 7.2 of the Concession Agreement between the Greek State and “ThPA S.A.”, ratified by Article 1 of Law 4522/2018 (Government Gazette A39 /7.3.2018).

Within the framework of these obligations, “ThPA S.A.” has signed a Contract of Services with the Independent Engineer, who will oversee the First Mandatory Investments and has provided to the Ministry of Finance the required Letter of Guarantee of Good Performance of 20 million euro.