KAVALA, Greece — Hellenic Republic Asset Development Fund (HRADF SA) on Friday announced that five interested parties have submitted an expression of interest for the sub-concession of the right to use, maintain, operate and exploit a multi-purpose terminal within 'Philippos II' port (currently operated by Kavala Port Authority SA-OLK SA).

Expressions of Interest were submitted by the following Interested Parties (in alphabetical order):

1) Consortium composed of the companies IMERYS AE – GOLDAIR CARGO – I.M.G.

2) Cosnsortium INTERNATIONAL PORT INVESTMENTS KAVALA, composed of the companies BLACK SUMMIT FINANCIAL GROUP – EFA GROUP and GEK TERNA

3) PFIC LTD

4) QUINTANA INFRASTRUCTURE & DEVELOPMENT

5) THESSALONIKI PORT AUTHORITY SA

HRADF’s advisors will evaluate the aforementioned Expressions of Interest and submit to the Fund’s Board of Directors their recommendation regarding the candidates that qualify for the next phase of the tender (binding offers phase). The sub-concession area and activities of “Philippos II” port includes: (i) the existing pier with a paved area of approximately 117,000 sq. m, (ii) an additional plot of unpaved land and reclamation area of approximately 165,000 sq. m, (iii) the detached mole/breakwater, (iv) the commercial activity (general cargo, dry bulk and occasionally container vessels), and (v) certain equipment of the port. The sub-concession will be for a minimum duration of 40 years.