Strong investor interest in the privatisation of Hellinikon

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Strong investor interest in the privatisation of Hellinikon

Athens, April 17, 2012.

U.K.-based London & Regional Properties, the Qatar Investment Authority and Israel’s Gazit- Globe Ltd. and Elbit Systems Ltd (ESLT) are among the nine groups that expressed interest in Greece’s Hellenikon SA.

The other groups interested in buying Hellenikon SA, which will develop and exploit the site of the former Athens International Airport, are Greece’s Lamda Development SA (LAMDA), a Spanish real-estate company, a venture made up of Cypriot interests, another Qatari fund and Trump Organization Inc.

The Hellenic Republic Asset Development Fund (“HRADF”) will shortly announce the names of the interested parties who meet the selection criteria for the second phase of the process. During the second phase, qualified parties will be granted access to detailed information about the asset and the sale process. As part of this second phase, qualified parties will be invited to submit binding financial offers, along with their business plans and supporting evidence for the financing of their investment proposal.

Hellinikon S.A. is seeking to exploit the 6.2 million square meters of the site of the old Athens airport, Hellinikon, based on the business plan that will be submitted by the preferred investor. The site includes the area of the old Athens airport, undeveloped land and a 3.5-km-long waterfront. It is located in the greater Athens area, near the city center, with direct access to the Greek Islands and a short flight from other destinations in Europe and the Middle East.