Supporting Investments for the Hellenic Innovation Ecosystem of Tomorrow

1. Supporting Investments for the Hellenic Innovation Ecosystem of Tomorrow Athens,4th December 2012 Thessaloniki, 6th December 2012

2. Who we are – Unique skill-set Piraeus Venture Capital and Private Equity Group has a unique skill-set Execution in difficult markets/partnership with subject-matter experts International financial and sector expertise VC-PE Group / Piraeus Equity Advisors Deep regional knowledge and understanding Rigorous investment and risk management processes Execution

3. What we do - Group Vision Be the local know-how partner for international institutions and investors in Greece and the broader SE European and Eastern Mediterranean region • Shape the development of the investment market and target strategic sectors in Greece and the broader region • Cover the entire investment spectrum from angel to private equity investing on growth export oriented sectors • Create value and strong investor returns by focusing on strategic economic pillars for Greece and the broader region. Initial focus : • Technology • Energy / Cleantech / Environment • Niche segments of real economy • Discussions with potential partners for F+B/Alternative Agriculture and Tourism related fund structures

4. How we do it– Overview of Activities Broad spectrum of private capital investments covered by a range of activities and funds. Full scale alternative asset manager and local know-how partner, addressing the whole investment timeline from angel investing to later-stage VC and PE funds Piraeus VC & PE Group Angel Investment Seed / Early Stage Investment Venture Capital Private Equity – Sector Focused Funds PJ Tech Catalyst Fund O.F. Investments Ltd Piraeus Taneo Capital Fund Piraeus Clean Energy LP • Angel investments in Greek technology start-ups • Co-investment fund with EIF in Greek ICT sector • Mid-stage VC focused on selected sectors in Greece • Investing in renewable energy projects across SE Europe and Eastern Mediterranean €15mm fund, 1 deal under execution 8 Investments Fund closed €100mm target size fund, €40mm anchor commitment 2 Investments 1 under execution €30mm fund 5 Investments • Piraeus Equity Advisors • Management Team responsible for the setting up of the entire VC-PE Group • Advisory role for all of the Group’s investment activities

5. Need to combine investment expertise with the right mix of professionals Important to combine the right resources, both international and local, to achieve appropriate execution Deep Regional Knowledge and Understanding Rigorous investment and risk mgmt processes International sector expertise with local touch Execution ability with the right Partners Our model – The right mix of competencies for a successful outcome What is needed in Greece to help the creation of the Innovation Ecosystem of tomorrow • Ability to navigate complex regulatory and bureaucratic environments in the local market to efficiently structure deals and minimize risks • Advisors/Partners appropriate mix to provide both international subject-matter expertise and understanding of Greek culture / approach to investments • Paramount to understand both the Greek financial and business market intricate systems to achieve successful execution • Need to identify scalable and export oriented business models • International standard investment and risk management processes • Adhering to best practices 4

6. Good chemistry amongst the group members is pivotal to success Commitment to reaching the group’s targets no matter what the challenges Appreciation for global success – Think Big Partnership between the entrepreneurs and VC funds Energetic / committed entrepreneurial groups Well thought long-term strategy Maximizing Competitive Advantage Our model – What we are looking for in new entrepreneurs and what we can offer for a successful partnership Main components of a successful partnership • Good handle of the relevant market potential and the group’s competition • Innovative thinking • Scalable and export oriented business models, which can be executed • Innovative business models / products need the appropriate IP protection • Industrial Design is “innovation” in its own right, even if the product designed, is not highly innovative itself. • Industrial design provides a very strong basis for advertising and marketing of the product • Smart investors are interested in backing companies with a strong industrial design portfolio. • Registration / Protection of industrial design is very important for future success • Smart money / appropriate mentoring throughout the early years of development 5

7. OpenFund Piraeus Clean Energy Fund Our current portfolio - Fund investment sectoral breakdown Sectors Fund Status Technology Real Economy Energy / Environment Closed 8 investments Operating (Initial Inv. period to end 2015) Pipeline of 70 potential deals 1 under execution PJ Tech Catalyst Fund Operating (Initial Inv. period to end 2013) Piraeus Taneo Capital Fund 2 investments 1 investment 2 investments Operating (Initial Inv. period to end 2015) 2 investments 1 under execution The Group is executing on a strong pipeline of investments across all funds

8. Contact Details and Disclaimer Piraeus Equity Advisors 87, Syggrou Ave., 117 45, Athens, Greece   Loukas Pilitsis CEO, Piraeus Equity Advisors Tel: (+30) 210 3288621 Mobile: (+30) 6958 472764 Email: Lpilitsis@pequityadvisors.com Disclaimer • This presentation has been prepared solely for informational purposes. Any projections or other estimates in this presentation, including estimates of returns or performance, comments with respect to our objectives and strategies, or the results of our operations and business, are forward-looking statements based upon certain assumptions that may be wrong. These assumptions may be influenced by factors within or beyond our control, and actual results may differ materially from any estimates and projections. Factors influencing actual results include but are not limited to fluctuations in interest rates and stock indices, the effects of competition in the areas in which we operate, and changes in economic, regulatory and economic conditions. • This presentation is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No part of this presentation may be construed as constituting investment advice or a recommendation to enter into any transaction. No representation or warranty is given with respect to the accuracy or completeness of the information contained in this presentation, and no claim is made that any future offer to transact any securities will conform to any terms that may be contained herein. Before entering into any transaction, investors should determine any economic risks and benefits, as well as any legal, tax and accounting consequences of doing so, as well as their ability to assume such risks, without reliance on the information contained in this presentation.