PROPOSALS OF THE BOARD OF DIRECTORS FOR DECISIONS UPON ALL ISSUES OF THE AGENDA OF THE EXTRAORDINARY GENERAL ASSEMBLY OF 23 APRIL 2012

SUBJECT: Amendment of article 4 of the company’s articles of association – Scope of the company.

The Board of Directors proposes the amendment of article 4 (Scope of the company) to adapt and align with the new company’s activities in operating units producing electricity from renewable energy sources. In this context it is suggested the following wording:

“Article 4

The scope of the company is:

 

a) To purchase pleasure boats for exploitation (transport of people, objects, towing by boat),

b) The construction, installation, operation and exploitation of units of production of electrical energy from renewable sources of energy and especially photovoltaic systems, as well as the production and sale of electrical energy through the above units, either by itself or in cooperation with any natural person or legal entity,

c) To establish branches or offices, as well as agencies of the company abroad,

d) To participate in any company or enterprise already existing or to be established and

e) The provision of guarantees in favour of third parties, natural persons or legal entities with which the company has transactions and as long as it serves the scope of the company.”