The Prasonisi Project

Hellenic Republic Asset Development Fund

Greece, March 2013

Hellenic Republic Asset Development Fund www.hradf.com

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Surf / kite surfing: part of the southern edge of the property has conditions favoring wind related water sports

Location

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Key Features & Available Activities

Valley of the Butterflies: a green valley with running waters and thousands of butterflies

In the island of Rhodes, visitors have the opportunity to visit important archaeological monuments and other sights:

Medieval city of Rhodes:the UNESCO protected medieval city of Rhodes is located within the heart of the City of Rhodes

Golf course: the 18 hole Golf course of Afantou, designed by Charantin Donald

Medieval Palace:the Palace of the Grand Master of the Order of the Knights Hospitaliers of Saint John of Jerusalem

The “Prasonisi” Project – Key Features

Prasonisi is a peninsula located in the south western part of the island of Rhodes, with a small island connected to it via a strip of sand on its far end.

It currently has a number of buildings of various uses within its boundaries, but substantial part of the property is vacant.

Prasonisi’s overall area extends to more than 800,000,000 sq.ft, and it engulfs a variety of terrain types,

from sandy beaches

to hills overlooking the Aegean sea with unobstructed view to natural bays and harbors

to an exclusive island accessible through a strip of golden sand

Hellenic Republic Asset Development Fund www.hradf.com 5

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Flight times to Rhodes Airport

Access – Global & National Level

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Distances / Flight-times from Greek major cities

London Zurich Berlin Thessaloniki Iraklion Attica PROPERTY

- In the summer season, Rhodes has regular charter flights from most European countries and cities

- Rhodes can be accessed also by boat from most main Greek ports, and a number of international ports

Exploitation Concept – 1

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_Scenario

Theme Park Shopping Mall Golf Course Hotel

Hotel & Bungalows

Road network Municipality limit Coastline limit River/stream bank limit Contour lines Rivers/streams Beachfront limit Electricity pillars Settlements Area under reforestation Wild life habitat Natura 2000 zone Archaeological site Suggested water basins Approved wind farm area Military shooting range area T.I.S. facilities

Area excluded from the property X.E. (property segments)

Hellenic Republic Asset Development Fund www.hradf.com

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Exploitation Concept – 2

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_Scenario

Road network Municipality limit Coastline limit River/stream bank limit Contour lines Rivers/streams Beachfront limit Electricity pillars Settlements Area under reforestation Wild life habitat Natura 2000 zone Archaeological site Suggested water basins Approved wind farm area Military shooting range area T.I.S. facilities

Area excluded from the property X.E. (property segments)

Theme Park Shopping Mall Golf Course Hotel

Hotel & Bungalows Airport

Disclaimer

This teaser (the “Teaser”), is being issued by National Bank of Greece (the “Advisor”) on behalf of the Hellenic Republic Asset Development Fund (“HRADF”). The teaser is being provided to the addressed recipients for information only and on a strictly confidential basis in connection with the potential acquisition of one or more of the assets described herein. This Teaser must not be disclosed, copied, reproduced, distributed or passed, in whole or in part, to any other party.

This Teaser is for the exclusive use of the addressed recipients to assist them in deciding whether to proceed with a further investigation of a potential investment in the assets described herein. This Teaser does not constitute an offer or invitation for the sale or purchase of any of the assets described in it.

The Teaser has been prepared on the basis of information provided by HRADF and also from publicly available information. This information, which does not purport to be comprehensive, has not been independently verified by the Advisor or any other party. The information provided should not be relied on for any purpose and should not in any way serve as a substitute for other enquiries and procedures that would (or should) otherwise be undertaken.

No representation or warranty, expressed or implied, is or will be made and, save in the case of fraud, no responsibility or liability is or will be accepted by HRADF or the Advisor or by any of their respective directors, officers, servants as to or in relation to the accuracy, sufficiency or completeness of this Teaser or the information forming the basis of the Teaser or for any reliance placed on the Teaser by any person whatsoever and HRADF and the Advisor will not be responsible for any costs or expenses incurred by any recipient of this Teaser.

This Teaser speaks as at the date hereof and in furnishing this Teaser, neither HRADF nor the Advisor give any undertaking or are under any obligation to provide the recipient with any additional information or to update, revise or re-affirm this Teaser or to correct any inaccuracies therein which may become apparent and this Teaser is not a representation by HRADF or the Advisor that they will do so.