Athens, March 28^th, 2014

FY 2013 FINANCIAL RESULTS

• Increased after tax profits of 78m euro compared to  52m euro in 2012
• Strong Free Cash Flows to the Firm of 496m euro from 65m euro in 2012 and elimination of its debt at the end of 2013 compared to 182m euro in 2012.
• EBITDA of 84m euro versus 114m euro in 2012 mainly due to reduced turnover and increased provisions for restructuring and adjustment of relations with the Greek State
• Consolidated earnings per share of 0.73 euro in 2013 compared to 0.48 euros in 2012
• Proposed dividend of 0.36 euro per share plus distribution of Tax Free Reserve of0.02 euro per share

For EYDAP, 2013 was a year of extended initiatives with regard to the resolution of long-term pending issues which had rendered the financial transactions, the obligations and the relations between the Company and the Greek State especially inarticulate, as well as of complete restructuring of the balance sheet of the Company. In particular the achievements were:

• Increase of the Company's liquidity and elimination of its bank debt resulting from the collection of the long term overdue receivables from the Greek State and the Municipalities (OTA). The Free Cash Flows to the Firm accounted for 495.6m euro in 2013 versus 64.8m euro in 2012.
• The collection of older receivables concerning projects executed by the Company for the account of Ministry of Infrastructure, Transport & Networks (YPOMEDI) and EYDAP Fixed Assets, and the initiation of a new collaboration framework that will not allow for such claims to emerge again. Specifically, the joint ministerial decision D6/2476/3.12.2013 (Gov. Gaz. 3065) of ministers of Finance and of Infrastructure, Transport & Networks arranged the collection of an amount 141.1m euro (including VAT) for constructions, until 31.12.12, infrastructure works, flooding protection works, etc.
• The collection of 149m euro from the Greek State for the account of municipalities and the adoption of strict policies with regard to the payment of their future obligations.
• The wide use as well as formation of new provisions aiming at the correct depiction of the assets and liabilities arranged during the year.
• Intensification and integration of the effort to rationalize the balance sheet, with the formation of satisfactory provisions for the proper accounting presentation of assets and liabilities that were settled during the year as result of the settlement with the Greek State, as well as of the labor related liabilities settled permanently in 2013.
• The coordinated restructuring actions of the business activities and effectiveness of the Company and the initiation of a modernization program regarding all Company's operations.

The turnover in 2013 amounted to 336m euro from 353m euro in 2012, mainly affected by the difference of 9.2m euro of the amount provided for by the JMD Δ6/2476/3.12.2013 (GG 3065) and the claims of the Company. Without this reduction, the turnover would have presented a decrease of 8m euro (-2,3%) due primarily to the decrease in revenue from water supply and related services by 6.6m euro (-2,8 %) and a decrease in revenue from sewerage services by 4.7m euro (-4,1%). The revenues from electricity sales increased by 2.7m euro. The cost of sales for the Company decreased in 2013 by 12m euro and amounted to 191m euro from 203m euro in 2012 (-6.0%).

EBITDA amounted to 84m euro from 114m euro in 2012. Earnings before taxes (EBT) amounted to 62m euro versus 68m euro in 2012 (-9.2%).

The after tax profits, reached the amount of 78m euro from 52m euro in 2012, increased by 51.4%, while the net profit margin increased to 23.3% from 14.6% in 2012. The after tax profits were positively affected from the deferred tax, due to the increase of the tax rate from 20% to 26%.

EYDAP consistent towards its shareholders, with a constant annual dividend distribution, since its listing on the ASE, will propose to the General Shareholders Meeting, by the decision of the Board of Directors, a dividend equal to 50% of the net profit 2013, amounting to 38m euro (0.36 euro per share) and the distribution of Tax Free Reserve, amounting to 2m euro (0.02 euro per share). The total amount distributed to shareholders reaches the amount of 40.5m euro (0.38 euro per share).