PIRAEUS CAPITAL MANAGEMENT SA

Piraeus Capital Management SA, a member of the Venture Capital and Private Equity group, is the management company of the Venture Capital Mutual Fund (A.K.E.S.) ‘Piraeus-TANEO Capital Fund’, which has a total commitment of €30m, was formed in December 2008 in accordance with the provisions of Law 2992/2002 and started investments in August 2009. The capital was provided by the New Economy Development Fund (TANEO) and by Piraeus Bank, with a 49.99% and 50.01% participation respectively. The Fund invests in small and medium sized Greek companies with prospects for a rapid growth and that are based on the development of innovative methods and technologies and provide products or services covering existing or new market needs in the fields of:

• Technology
• RES/Environment, and
• Niche sub-sectors of the Greek economy with strong export orientation