30/12/2013

CORINTH PIPEWORKS S.A.

Issuance of common bond loan

CORINTH PIPEWORKS SA announces, according to article 16 par. 3 of Law 3556/2007, the refinancing of part of the existing loans of CORINTH PIPEWORKS SA through the issuance of new syndicated collateralized long-term bond loans amounting to €47.300.000, with co-arrangers the three major Greek Banks, NATIONAL BANK OF GREECE S.A., ALPHA BANK S.A. and EUROBANK ERGASIAS S.A.

The loans, that represent approximately the 99,9% of the existing bank debt of the Company, have 5 years maturity with an option of 2 years extension and have been issued according to L.3156/2003 and L.2190/1920, based on decisions of the respective General Shareholders Meetings.