PROPOSALS OF THE BOARD OF DIRECTORS FOR DECISIONS UPON ALL ISSUES OF THE AGENDA OF THE ORDINARY GENERAL ASSEMBLY OF 22 JUNE 2016

ISSUE 1st and 2nd : Submission and hearing of the Board of Directors and the Chartered Auditor’s reports concerning the Annual Financial Report of the period 01.01.2015 to 31.12.2015, for the company and the Group. Submission and approval of the Annual Financial Report of the period 01.01.2015 to 31.12.2015 for the company and the Group together with the report prepared by the Chartered Auditor.

The Board of Directors recommends the approval of the Annual Financial Report of the company and the Group for the period 1.1.2015 to 31.12.2015 and the Auditor’s report as submitted to the statutory form of publicity and posted on the website.

ISSUE 3rd: Discharge of the members of the Board of Directors and of the Chartered Auditor from any liability for compensation deriving from the Annual Financial Report and from the administration and management in general for the period 01.01.2015 to 31.12.2015.

It is proposed the discharge of the members of the Board of Directors and of the Chartered Auditor from any liability for compensation deriving from the Annual Financial Report and the administration and management in general of fiscal season 2015.

ISSUE 4th: Election of Chartered Auditors (ordinary/deputy) for the period 1 January till 31 December 2016 and arrangement of their fees.

The Board of Directors proposes as auditor for the year 1.1.201 to 31.12.2016 the auditing firm “Associated Certified Public Accountants S.A” (SOEL Reg. Number 125). The audit fee for the year 2016 will be determined by decision of the Board of Directors in accordance with auditing data. It is also proposed the approval of the fee paid to the auditing firm “Associated Certified Public Accountants S.A” for auditing the financial statements for the year 2015, an amount equal to 19.008 € plus value added tax (VAT) for operating ordinary audit and an amount equal to 8.000 € plus value added tax (VAT) for operating tax audit.

ISSUE 5th: Approval of the profits distribution.

The company’s Board of Directors taking into account the company’s current economic situation and its estimated future situation, proposes to the General Assembly to not distribute the dividend from the  profits of the year 2015, as provided in article 3 of Compulsory Law 14/1977 as was replaced and is into force with article 10 of Law 3460/2006 and the disposal of net profits of the company equal to the amount of 60.769 € , to be transferred in the account of retained earnings.

ISSUE 6th: Approval of the remuneration and expenses paid to the members of the Board of Directors and fixing of their relevant future remuneration and expenses.

The Board of Directors proposes the approval of the fee paid equal to 29.451,66 € for season 2015 in the member of the Board Mrs. Hariklia D. Theodorou for her services as an executive director (supervisor of accounting department) of the company. Furthermore, the Board of Directors recommends the payment of remuneration to Mrs. Hariklia D. Theodorou 2.103,69 € per month, from January 1st, 2016 onwards for these services (2.103,69 € x 14 annually = 29.451,66 €). Further, it is proposed the approval of the paid expenses to the members of the Board of Directors for travel, movement and entertainment in general as well as the use of company cars by members of the Board of Directors during fiscal season 2015 and to authorize and approve the payment of costs of travel, movement, residence, various entertainment expenses, etc. for all members of the Board of Directors, if acting on the company’s affairs, as well as the use of company cars by members of the Board of Directors during the current year.