BABIS VOVOS INTERNATIONAL TECHNICAL S.A.

PRESS RELEASE

The management of Babis Vovos International Construction S.A. announces the following:
"The joint regeneration - Alexandras Avenue" program was forwarded on the 12th of May 2011, revoted upon in parliament, as an amendment to the legislation on "Maritime Strategy For the Protection and Management of the Marine Environment - harmonization with the directive 2008/56/EC of the European Parliament and its Council of the 17th of June 2008" that was submitted by the Ministry of the Environment, Energy, and Climate Change, on the 10 of May 2011.