Piraues Port Authority SA.

1. Restructuring the Ship Repairing Zone of Perama Greece – Invest in New Opportunities and High Technology Projects: The Hybrid Catamaran, the Unsinkable Platform and the Floating Windturbine Apostolos N. Sigouras, Chief Executive Officer, NAFSOLP SA., Greece MarineTech Summit 2011, Busan, South Korea

2. Piraues Port Authority SA. Piraeus, the largest port in Greece and one of the largest in the Mediterranean, is a lever of development of international trade, local and national economy. With a history starting from 1924 when the inauguration of major projects, now the port has multiple activities related to the commercial port, port, ship services and the development and exploitation. The port of Piraeus is the hub for the connection of the islands with mainland Greece, international cruise center and commercial hub for the Mediterranean, providing services to ships of all types and sizes. The PPA currently employs more than 1,500 employees, serving a yearmore than 24,000 vessels, contributes to the development of local and national economy, continues its growth by upgrading infrastructure and services. In modern PPA will evolve into a modern and dynamic company that provides high quality services, justice to investors, ensuring long-term jobs and will serve in the most efficient way to trade the country the benefit of national economy and consumers.

3. Piraeus Port Authority Photos

4. Piraeus Port Authority Financial Facts

5. A few words about NAFSOLP SA. • NAFSOLP SA. (or NAFSPPA SA.) is a 100% subsidiary company of the Piraeus Port Authority SA. (PPA). • According to the President & CEO of the PPA and also President of the NAFSOLP SA. Mr. George Anomeritis, NAFSOLP SA. will provide the strategic development agent of the Ship Repairing Zone in a new institutional environment. • The ship repairing business within the area of the PPA’s responsibility (Perama - Drapetsona – Keratsini - Salamis) will become the core business of the new company, NAFSOLP SA., and it will not change throughout its lifetime (50 years). • In accordance with its statutes, the company operates in: • The organization, development, management and marketing of the ship repairing and the related activities, especially within the area of the PPA • Services for towing, salvage, salvaging ships and other navigable vessels  • The hiring and exploiting the real estate where all these tasks will be carried out. • The lease of every means or land which belongs to the company to others with the aim of carrying out and fulfilling construction , repairing , dismantling, towing and salvaging tasks and also salvaging ships and other navigable vessels. • The provision of support services, development, documentation, information technology, public relations, sales promotion and financial services of this region and of the wider areas of interest of the PPA and the related enterprises • In any other task similar to all the above mentioned, LIKE:

6. In any other task similar to all the above mentioned, LIKE: • Fund Raising Activities (i.e. EU Funds, Banks, etc.) • Liaison between Customers, Country Authorities, Unions and Ship Repairing Companies • Vendor selection and evaluation • Bureaucracy elimination support • Promotion Activities • Innovation support • Infrastructure Management (safety, security, maintenance, cleaning, etc.)

7. NAFSOLP SA. Vision • NAFSOLP SA. implements an arduous and long term goal: To create a strategic institution for the Ship Repairing Zone, which in a very difficult economic environment is called to prove that the sophisticated and much afflicted Ship Repairing zone may again become creative.  • NAFSOLP SA. aims for the Ship Repairing Zone to play a leading role in the ship repairing business of the region in the medium term. • The State, enterprises, trade unions and Piraeus Port Authority SA. should cooperate in the creative reconstruction of the region.

8. Ship Repairing Zone ofPerama, Keratsini, Drapetsona, Salamis Παρουσιαση Έργου ΝΑΥΣΟΛΠ Α.Ε. Ημε

9. Ship Repairing Zone ofPerama, Keratsini, Drapetsona, Salamis

10. PeramaShipYards

11. Ship Repairing Zone statistics • Around 450 companies (200 steel and piping, 80 mechanical works, 70 painting & sandblasting, 50 electrical works, 20 wood works, 30 other) • About 5,000 employees • 25 small shipyards (yachts & mega yachts newbuildings) • About 500 million Euros annual turnover

12. Schisto Industrial Park Schisto Industrial Park is a new and innovative common effort of many industrial units previously located in the wider Piraeus area in order to upgrade their facilities and offer better services to their clients. This new industrial park, founded in 2003 is now home for more than 70 industrial units with an active workforce that exceeds 3000 employees. Main areas of activity include workshops, mechanical applications ship and industrial repairs, pipe fittings, electrical applications, engine re building, foundries, spare part fabrication, interior fittings, etc. Schisto Industrial Park offers unmatched advantages for businesses, clients and the local community at the same time. It is conveniently located very close to Piraeus port, just a few miles from Piraeus container terminal and the national highway network and enjoys very good public transportation service. Schisto Industrial Park is managed in the most efficient way ensuring an unobstructed and environmentally friendly operation. Today Businesses at Schisto Industrial Park using modern equipment and skilled personnel set new standards in industrial operation and collaboration for actively competing in a global economic environment. Παρουσιαση Έργου ΝΑΥΣΟΛΠ Α.Ε. Ημε www.vipas.gr

13. Schisto Industrial Park photos

14. Schisto Industrial Park photos (cont.)

15. Schisto Industrial Park photos (cont.)

16. Quality, Cost, Time. Pick two Why? We are good in all three !! Why NAFSOLP SA. ? Why Ship Repairing Zone of Pireaus? Παρουσιαση Έργου ΝΑΥΣΟΛΠ Α.Ε. Ημε

17. NAFSOLP SA. and Ship Repairing Zone of Piraeus Competitive Advantages • Excellent Quality of Work • Expertise – Skilled Personnel • Special Projects • Innovative Products • Green Technology Products • European Union Standards • Solid Infrastructure • Safe Environment (ISPS) • Effective Time Management • Average Cost – High Value End Products Παρουσιαση Έργου ΝΑΥΣΟΛΠ Α.Ε. Ημε

18. Παρουσιαση Έργου ΝΑΥΣΟΛΠ Α.Ε. Ημε Thank you very much for your attention Apostolos N. Sigouras, Chief Executive Officer, NAFSOLP SA., Greece a.sigouras@nazo.gr