Aktor Investor Presentation — April 2018

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30/4/2018 12017 highlights

Signs of stabilization and gradual improvement in 2017 :

–construction at Olympia Odos and Maliakos was concluded and the BOT concessions became fully operational

–traffic volume at mature concessions continued to increase ( traffic volume at Attiki Odos increased by ~3% in 2017)

–in June 2017 the Waste Management PPP in Western Maced onia, the first such PPP in Greece, began operations

–installed capacity in wind farms increased to 260.3 MW an d another 187.1 MW of wind farms is under construction

Group revenues in 2017 reached 1,865.7 ml, marginally reduced by 3.9% vs 2016 (€ 1,942.4 ml)

Operating profit (EBIT) amounted to € 101.6 ml (vs pro fit of € 31.1 ml in 2016) and includes

–€ 25.8 ml profit from a provision release for heavy main tenance at Attiki Odos

–non-recurring losses of 54.1 ml (€ 23.7 ml impairment for the participation in Cazino, € 26.6 ml impairments from

financial assets available for sale and a € 3.8 ml provision for third party compensations)

2017 EBIT adjusted for the above not recurring items wa s € 129.9 ml vs adjusted EBIT in 2016 of € 97.8 ml

Before tax the group reported a profit of € 39.7 ml ( vs losses of € 37.8 ml in 2016) while after tax and minor ities the Group

reported losses of € 41.2 ml (vs losses of € 121.9 ml in 20 16)

Total debt as of 31/12/2017 reached € 1,386.6 ml vs € 1,4 30.1 ml of 31/12/2016

Corporate related Net Debt as of 31/12/2017 reached € 514.7 ml vs € 527.0 ml as of 31/12/2016

Total construction backlog as of 31/12/2017 stood at ~ € 2.0 bln, with another ~ € 437ml of projects to be signe d 2Reported Profit Before Tax Reported Net Income After Minorities Evolution of key P&L figures (IFRS in € ml)

Notes : 2013 figures adjusted for the implementation of IFR S11 “Joint Arrangements”

(1) Operating Profit (EBIT) of:

• 2017 include € 25.8 ml profit from revision of heavy maintenance provisions, € 23.7 ml impairment of inves tment cost, € 26.6 ml impairments from financial asse ts available for sale, € 3.8 ml provision of

compensation to partner following arbitration decis ion

• 2016 include non-recurring losses of 66.7 ml (€ 40 m l provision for the settlement of the enquiry by th e Competition Authorities in Greece, € 4.6 ml impairm ents in parking companies, € 1.5 ml real estate segm ent

impairment, € 8.5 ml.goodwill impairment in Elpediso n, € 12.1 ml impairments from financial assets avail able for sale

• 2015 includes a € 37.2 ml impairment of mining assets , € 14.1 ml impairment of investment property and € 7 .0 ml goodwill impairment in Elpedison

• 2014 includes a € 54.2 ml impairment of mining asse ts and a € 11.5 ml non recurring other income from a concession project