Announcement regarding the reduction of the share capital by reduction of the share nominal value and its return to the shareholders by cash payments

Heracles GCCo announces that the 105^th Extraordinary General Meeting of the company's shareholders, on 27^th August 2012, decided the reduction of company's share capital by the amount of 69,661,052.86 Euros.

The reduction of the share capital will be realized by way of reduction of the nominal value of each share from 2.68 to 1.70 Euros per share and cash return to the shareholders that will amount to 0.98 Euros per share.

Following this reduction, the share capital of the company amounts to 120,840,601.90 Euros, divided into 71,082,707 registered shares with a nominal value of 1.70 Euros per share.

The Ministry of Development, Competitiveness, Infrastructure, Transportation and Networks by virtue of its decision K2-6034/10.09.2012 approved the amendment of the relevant article of company's Articles of Association. The Athens Stock Exchange in its meeting dated 28/09/2012 was informed of the reduction of the nominal value of the company's shares to be effected through cash payment of 0.98 Euros.

Following the above and based on the announcement of company's financial calendar, as of 21/11/2012 the company' shares will be traded on the Athens Stock Exchange with a new nominal value per share 1.70 Euros and without the right to participate in the share capital reduction with cash payment of 0.98 Euros per share.

As of the same date, the opening price of the company's shares in the Athens Stock Exchange will be adjusted according to the Athens Stock Exchange Regulation and Decision no. 26 of the Board of Directors of the Athens Stock Exchange, as currently in force.

The shareholders who are registered with the registry of the Central Depository System on 23/11/2012 are entitled to receive the capital return.

Payment of the capital return will commence on 29/11/2012 and will be effected through National Bank of Greece as follows:

1. By the operators of the shareholders' shares if such right has been granted to them.
2. Through National Bank's account credit, if the shareholders have declared the particular bank as operator of the Central Depository System.
3. Through the branch network of the National Bank of Greece to those shareholders who have not authorized their operator to collect the capital return, or whose shares are kept in the special account of Hellenic Exchange S.A, or whose shares are kept in no-show shareholders' registries. For the cash collection through the branch network of the National Bank of Greece is necessary an identification card of the shareholder and a print out of the data of the relevant Code Number from the shareholder registry in the Central Depository System. The payment of the capital return to any third party can only be effected following the presentation of an authorization proxy, which should include the full details of the shareholder, as well as, the details of the person authorized (name, surname, father's name, identity card number and tax registration number), accompanied by a certification of the shareholder signature by a police department or any other competent Authority.

Following the transactions of 06/12/2012, the share capital return in cash will occur through the branch network of the National Bank of Greece for the period until 29/11/2017.

For any further information the shareholders may contact with the Investor Relations department of the company (Mrs. Argiro Kokota at Tel. +30 210 2898 328 & Mrs. Christina Valka at Tel. +30 210 2898 533)

Paiania, 01/10/2012