THE 2009 GREEK INVESTOR AWARDS – Capital Link

The publisher of www.Apodimos.com Xenofon Fafoutis

We inform all Greeks, Cypriotes and Greek and Cypriote Emigrants that Capital Link continues with Annual Reward of Investment Relations, a significance that it imported in the Greek market from 2003 and which is good consolidated in most developed markets. Capital Link will conduct the IR Awards in Greece on an annual basis following the same principles and procedures. The objective of the Awards is to identify and publicly acknowledge those companies and individuals who adopt and follow high standards in the fields of Corporate Governance, Financial Disclosure and Investor Relations. Also, to raise the profile and significance of the function of Investor Relations among listed companies and contribute to the further developments of this function in Greece. Thus the Greek Investor Relations Awards for 2009 were announced and presented at a special ceremony which took place at Aegli of Zappeion – Conference Room «Olympia» on Monday May 31st, 2010. More than 200 corporate executives, representatives of various market related organizations and participants in the Greek and international capital markets attended the event.

Capital Link organized the event with the support of FTSE – the independent company and world-leader in the creation and management of numerous indices of vital importance to the international investment world and key Greek market participants such as the Athens Exchange, the Association of Greek Institutional Investors, the Union of Listed Companies, the Hellenic Bank Association, the Association of Members of the Athens Exchanges, the Invest in Greece Agency, the Hellenic Association of Certified Stockmarket Analysts (HACSA), the Internet Investors Association (SED) SEDYKA and the Hellenic Bankers Association – UK.

We above know in reported that Capital Link is an international investor relations and financial advisory firm that assists international institutions, stock exchanges and companies to: develop and maintain access to European and North American investors, take advantage of favorable opportunities in the international capital markets, and identify and approach the proper business and financial partners. Our services range from corporate and capital markets advisory to internet-based financial communications, to investor targeting and the organization of corporate roadshows and investment conferences. We are among the few companies internationally capable to combine in-depth investor relations expertise with extensive technological capabilities, as well investor relations with financial media. We maintain close cooperation with the major financial media. We provide vertically integrated service packages, which effectively support our clients along all phases of the investor relations process. We help them establish and deliver their message to the investment community; identify their target investor and analyst group, establish and maintain contact with them, gather investor and analyst feedback and keep and track of their competitors.

Prominent personalities of the Greek investment community and market, as well as senior executives from international organisations active in the Greek market, introduced and presented the awards, between these it was: The Minister of Development, Competitiveness and Shipping of the Hellenic Republic, Mrs Louka Katseli,

And the maximum executives from international organisms that are activated it imported in the Greek market : The Mr. Spyros Capralos President of the Athens Exchange, The Mr. Vasilios Kletsas, member of the Association of Greek Institutional Investors, The Mr. Panayotis G. Dracos President and CEO of the Union of Listed Companies, Mr. Harilaos Lambropoulos, member of the BoD of the Athens Chamber of Commerce & Industry and , Mr. Konstantinos Michalos , The Mr. Alexandros Moraitakis President of the Association of Members of the Athens Exchange, The Mr.Christos Megalou Chairman of the Hellenic Bankers Association – UK, The Mr.Babis Englezos President of the Internet & Investors Association – SED, The Mr. Elias Kopanitsas President & CEO of the SBC TV S.A., The Mr. Konstantinos P. Lambrinopoulos Chairman of the Board of the Hellenic Management Association, The Dr. Paraskevi V. Boufounou President of Invest in Greece, The Mr. Hercules Roypas President of the Association of Companies on Investment Services and Securities, The Mr Nikolaos Analytis President of the Hellenic Network for Corporate Social Responsibility, The Dr. Dimitris Tsibanoulis Managing Partner of Tsibanoulis & Partners Law Firm, The Mr. Nikos Sofianos President of Deloitte.

• EVALUATION PROCESS

The Awards are based on nominations and voting carried out by a Committee of 40 market participants from different segments, which include members from the 8 largest securities firms in Greece, the 8 largest mutual fund management companies in Greece, 10 financial journalists, 8 foreign institutional investors and analysts, and 6 personalities specializing in the Corporate Social Responsibility.

The collection and evaluation of the Nominating Committee is guaranteed by the international well known audit firm DELOITTE in conjunction with the Law Office Tsibanoulis & Partners in order to ensure the transparency of the procedure.

Τhe below Companies and Organisms FTSE, the Athens Exchange, the Association of Greek Institutional Investors, the Union of Listed Companies, the Hellenic Bank Association, the Association of Athens Stock Exchange Members, the Hellenic Association of Certified Stockmarket Analysts, the Invest in Greece Agency, the Internet Investors Association (SED), SEDYKA the Hellenic Bankers Association - UK and Capital Link are not part of the Committee and they have no involvement with the nominations and voting.

The Awards reflect the nominations and voting by the Committee Members, as described.

• SPEECHES

Below we present to the Greeks, Cypriotes and Greek and Cypriote Emigrants, some eminent speakers in their speeches as summaries of Mr.Nicolas Bornozis - President, Capital Link, the Dr. Panagiotis Alexakis - Former President of Athens Exchange, University of Athens, Department of Economics & Dr. George Iatridis - Assistant Professor of Accounting and Finance, Department of Economics, University of Thessaly  Of Mr. Nikolaos Analytis - President, Hellenic Network for Corporate Social Responsibility and Mr. Nicola Facciorusso - CEO, Akros Consulting.

• Mr.Nicolas Bornozis – President, Capital Link

Mr. Nicolas Bornozis emphasized that in today’s difficult circumstances it is important to be extrovert and communicate with the markets in Greece as well as – and mostly – abroad. At the same time, it is also important to recognise and reward the individuals and companies that adopt consistent commitment to the high principles of transparency, corporate governance and communication with the investment public. Those functions are fundamental to the proper functioning of the market and the trust of the investment public. He also stressed the undisputable validity of the award process, with the support of the market’s participants, with nominating committees comprised of recognised market professionals and with the collection, assessment and certification of the results also by recognised bodies such as Deloitte and Law Firm Tsibanoulis & Partners, who overall offer exceptional credibility.

• Dr. Panagiotis Alexakis – Former President of Athens Exchange, University of Athens, Department of Economics & Dr. George Iatridis – Assistant Professor of Accounting and Finance, Department of Economics, University of Thessaly

Dr. Panagiotis Alexakis and Dr. George Iatridis present the findings of their study «Evidence of Voluntary Accounting Disclosures in the Athens Stock Market». The study explores the motives for providing voluntary accounting disclosures and investigates the association between voluntary disclosures and earnings management. The findings show that firms that display good news, higher profitability and growth or experience a change in the management are motivated to provide voluntary disclosures. The study indicates that voluntary accounting disclosures are negatively associated with earnings management, and lead to efficient and informed decision-making.

• Mr. Nikolaos Analytis – President, Hellenic Network for Corporate Social Responsibility

In his short intervention, Mr. Nikos Analytis, Chairman of the Hellenic Network for CSR, touched on the issues of Corporate Social Responsibility and sustainable development and the significance these two meanings have for businesses, especially those listed in the Stock Exchange. He also underlined the significance that the publication of CSR and sustainable activities has as well as the need for the verification by a third independent body of the accuracy and credibility of what is written in the social reports.

• Mr. Nicola Facciorusso – CEO, Akros Consulting

The CEO of Akros Consulting, Mr.Nicola Facciorusso mentioned: «The austerity measures introduced by the Government represent severe handicaps for the Greek economy and cannot support either the industrial growth or consumer spending in the country.Therefore, the international investors are reluctant to invest in Greek stocks, even if these are of well-managed and particularly favourable valued companies. As one of the key measures to substantially improve the critical performance of the debt ratio, the privatization of the most State’s assets has to be a priority. The privatization’s most strategic effect is the heavy cost reduction for the State in terms of salaries and company related expenses. Both leading parties need to navigate TOGETHER the country out of the crisis in a moment when unity is mandatory, along with the help of technocrats from the private sector who have experience in restructuring and running companies. As when thousands of years ago, Greece has the opportunity to become an example again of making modern politics for the entire world.»

Below we present the Supporters, the Handbook Sponsors and Supporters who have supported all of this work effort of Capital Link to continue to create the Annual Reward of Investment Relations with IR Awards in Greece on an annual basis.

All Greeks, Cypriotes and Greek and Cypriote Emigrants, will recognize her effort that in the event’s framework, Capital Link also published a Special 140 page Journal the SPECIAL HANDBOOK OF IR IN GREECE with articles by significant personalities and participants of the Greek market including the Minister of Economy, Competitiveness and Shipping, Mrs Louka Katseli, the President of the Athens Exchange Mr. Capralos, the President of the Athens Chamber of Commerce & Industry Mr. Michalos,the President of the Union of Hellenic Chambers of Commerce, Mr. George Kassimatis, the Chairman of Cyprus Associton of Public Listed Companies, Mr. Stelios Hadjiosif, the Chairman of the Executive Committee of the Union of Listed Companies Mr. Drakos, The President of Invest in Greece Agency, Mrs Vivian Boufounou, the President of the Association of Members of the Athens Exchanges, Mr. Alexandros Moraitakis, the President of the Hellenic Bankers Association – UK, Mr. Christos Megalou, the President of Deloitte Mr. Nikos Sofianos, the President of the Hellenic Association of Certified Stockmarket Analysts, Dr. Konstantinos Vergos, the Managing Director of Social Security Fund AEDAK, Mr. John Kyriakopoulos, the Managing Partner of Tsibanoulis & Partners Law Office, the Managing Director of Socila Security Fund AEDAK, Mr. John Kyriakopoulos, the Head of the CSR Working Group of the European Association of Communication Directors, Mr. Yannis Freris, the Director of Public Relations and Corporate Affairs of Hellenic Petroleum, Mr. Aggelos Stranis, the Senior Partner of Tsibanoulis & Partners Law Firm, Dr. Dimitris Tsibanoulis, the Chairman of Internet Investors Association (SED), Mr. Englezos, the President of the Association of Companies on Investment Services and Securities, Mr. Hercules Roypas etc.

International personalities who contributed articles to the Journal included among others the Managing Director of FTSE Europe, Mr. Tony Raw, the Vice Chairman of Barrons, Mr. Black, the CEO of Akros Consulting Mr. Nicola Facciorusso, etc.

Additionally, the Journal also included a WHO-IS-WHO, a directory of all IROs and IR contacts of Greek listed companies, aiming to promote their work, their personalities and the firms employing them both to the local and the international investment community.

For the first time this year, because of the close cooperation of the Athens and Cyprus Stock Exchanges we enriched the Greek Investor Relations Managers Handbook with the respective data for the Investor Relations Managers of the 20 Cypriot listed companies with the largest market capitalisation according to FTSE/CYSE 20.

To conclude this presentation is decent event for Greek Investor Relations Awards for 2009 which took place at Aegli of Zappeion - Conference Room «Olympia» on Monday May 31st, 2010.

In that the Minister of Development, Competitiveness and Shipping of the Hellenic Republic Mrs Louka Katseli at her exit gave the congratulations in two brothers Mr.Nicolas Mpornozis - chairman of Capital Link and in his sister Olga Mpornozi chairman of Capital Link in Greece

And we inform all Greek, Cypriote and Greek and Cypriote Emigrant as in the past, the 2009 Greek IR Awards received significant publicity in Greece and abroad through Capital Link's network of co-operations as well as through the financial media that supported the event. In this framework, important international media with a significant presence in the international space were supportive of Capital Link’s effort to support the domestic market and the actions of both the listed companies and executives who have good relations with investors, by recognising what they offer and honouring them in the international investor community to which they aspire to. Therefore the international Financial Media Partners of Capital Link, which also this year are promoting the Awards to the foreign fund investors and the various senior executives of the international business community who are their readers, are: Barron’s, Balkan Business News and Institutional Investor.