Company profile

Χ

Η

Α Ρ Α ΡΡΩ . . . Α. .

TECHNICAL COMPANY OF SERRES T.E.S. S.A.

Η ΡΩ Ο Ο COMPANY PROFILE

ΙΑΝΟΥΑΡΙΟΣ 2015 JANUARY 2015

T.E.S. S.A. - COMPANY PROFILE 2015

INDEX page 1. INFORMATION ABOUT THE STRUCTURE OF THE PROFILE BROCHURE

3

2. INFORMATION ABOUT THE COMPANY 2.1. General information – Activities object

4

2.2. Activities of the company till today

5

2.2.1. Works under construction 2.3. Real –Estate – Equipment – Technical installations –Transport means – Misc. equipment 2.4. Environmental Management of Pollutants

7 8 11

2.5.1. Employed staff 2.5.2. Safety at work 2.6. Share holders 2.7. Administration - Personnel 2.8. Group Structure 2.9. Related companies 2.10. In consortia

12

3. THE CONSTRUCTION SECTOR AND ITS TREND IN GREECE 3.1. Generally 3.2. Licenses

20

4. FINANCIAL DATA ANALYSIS 4.1. Turnover - Results 4.2. Financial data of the company 4.3. Banks

21

5. FORECASTS – OBJECTIVES AND PERSPECTIVES

24

6. CERTIFICATES ISO 9001:2008

25

7. CERTIFICATE OF ICAP

27

8. Significant works during the period 1980-2014 (already executed)

28

13 16 17 18

22 23

1. INFORMATION ABOUT THE STRUCTURE OF THE PROFILE BROCHURE This Company Profile Brochure includes all the information which is necessary for all of our “FRIENDLY COLLEAGUES", Banks, Ministries, Legal Entilies under Private Law etc., concerning the activities and financial situation, the results and perspectives of the Technical Company of Serres (T.E.S. S.A.).

For additional information, concerned persons may call our offices during our working hours and days:

Headquarters:

12, D.Solomou str. Serres Phone: (30)2321068220-3 Fax: (30)2321068224 Î’ranch office:

170, K.Karamanlis av. Thessaloniki Phone: (30)2310328806 Fax: (30)2310328858

The responsibility for the accuracy of the information included in this document belongs to: a) Mr. Christos Besiris , President of the board of directory of T.E.S. S.A., resident of Serres. b) Mr. Naoum Passias, Vice-President of the board of directory of T.E.S. S.A. and executive manager, resident of Serres.

The board of directory of the company and the authors of the present document certify retaining the responsibility, that: a) All information and facts included in this document are complete and true. b) There are no judicial disputes or arbitrations which might provoke significant alterations to the character of the company.

National Bank of Greece

3

2. INFORMATION ABOUT THE COMPANY 2.1 GENERAL INFORMATIONACTIVITIES OBJECT T.E.S. S.A. was established in 1980 (Gazette 1088/25.4.1980 special issue for S.A.) The Company's headquarters are located in the municipality of Serres - 12, Dion.Solomou str., occupying an area of 462 sq.m. which belongs to the main shareholders of the company. There is also a branch office in Thessalonica, at 170 Konstantinou Karamanli Avenue, occupying a five - floors building (1.200sq.m) privately owned.

The central repair shops of the proprietary mechanical equipment are situated in Christos (Serres district), occupying an area of 22.500 m2 privately owned by the Company, though there are worksites in Skoutari - Serres (12.000m2), Dimitra - Serres (12.500m2) and in Chrisoupoli Kavala (7.000 m2) with their concrete production installations. Moreover there are sites in Alexandroupoli (6.000m2), in Kilkis (4.000m2) and in Agria Volou (5.500m2) which serve the branch office needs.

The duration of the Company, in accordance with the article 4 of the memorandum of association, is specified in 99 years.

The initial capital of the company amounted to 19.200.000 drs. and divided into 19.200 registered shares of a nominal value 1.000 drs. each.

In accordance with the article 4 paragraph 2 of the Gazette 2704/9.11.1987, the company's target includes: the undertaking and execution of any kind of technical works of the Greek State or the legal entities under public law, organizations operating under whatever kind of public or private law, organizations of local government or public corporation either directly as a contractor or a participator to any kind of company or consortia charged to execute such works, participating to any kind of call for proposals or auctions for their assumption in order to serve the goals of the company and to collaborate with any legal entity or natural person in one way or another.

Also one of the targets of the company is the activation in the section of Real Estate, which is: A. The development and the utilization of the landed property (land, buildings etc.) (PROPERTY DEVELOPMENT).

PH.01 National Bank of Greece 4

Road from Thessaloniki to Strimona. Widening of the road part from Strimona to Asprovalta

B. The management of the Real Estate and provision of services (PROPERTY MANAGEMENT).

C. Construction and management of parking area.

From January 2004, the Company has implemented and maintains a Quality Management System of the standard ISO 9001:2008.

2.2

ACTIVITY TODAY

OF

THE

COMPANY

TILL

During the decade 1980 – 1990, the activity of the Company has developed in the departments of Serres, Drama, Kavala and Thessalonica.

After 1990, its activity has gradually expanded across the country.

Today the Company covers all the activity sectors of the significant Infrastructure Public Works and the Private Finance Projects.

Especially during the period 1990 – 2014, the Company has vigorously developed after the construction of highways and bridges (Thessaloniki – Kavala, Kavala – Serres, Serres Kilkis, Thessaloniki - N.Moudania, over crossing at the railroad station of Strimona, Ring road of Nigrita, Thessalonica – Promahonas (I.R. Greece – Bulgaria e.t.c.),improvement projects at Pheres (department of Evros), improvement projects at Skoutari (department of Serres, Adelfiko Serron, Irrigation Network Western Plain Nestos Kavala e.t.c.) and railway works to the part from Thessalonica to Alexandroupolis, Kalamata – Andritsa – Megalopoli Peloponnesus and industrial Area of Thessalonica, S.S.Doirani – S.S.Kastanousa, maintaining existing railway lines, in Hydraulic and sanitation works (replace Hydraulic net of Serres e.t.c.). Particularly our company constructs sewerage networks using the method of vacuum networks (Scoutari & Mitrousi in Serres. In the meanwhile, the Company expanded its activity to the building sector with the construction of a part of the Kaftantzoglio stadium in Thessaloniki, the Technical Institution of Sidirokastro, the Customs Chemistry House of Serres, the Medical Center for Chronic Diseases in Nigrita (Serres district), the Bank of Piraeus in Serres, a part of the National Bank and likewise a construction of 40 blocks of flats offices and shops in the private sector.

PH.01 National Bank of Greece

Complementary construction works of the N.R. Serres – Promahona from 0+000 to 8+000

5

During the last two years, the Company developed a close co-operation with big foreign technical Companies participating at auctions of great scale works in Greece: Natural Gas Pipeline, Thessaloniki Subway, Wastewater treatment installation of the municipality of Serres, Egnatia Road, Railway Axis.

The company has always remained loyal to the values of quality and organization in order to achieve the best quality in its works and follows the quality management system 9001:2008 in all its activities. The successful application of this system is certified by the official German administrator of quality management D.Q.S. and the international one I.Q.net.

PH.01 National Bank of Greece 6

Irrigation project at Skoutari . Department of Serres

2.2.1 Works under construction

CONSTRUCTION OF INTERNAL SEWERAGE NETWORK WITH THE METHOD OF NETWORK SPACE IN MITROUSI AND IN SKOUTARI (SERRES)

RAILWAY MAINTENANCE IN THE AREA OF JURISDICTION OF THE SECTION C RAILWAY OF DRAMA (Contr. no 2188).

Ε

ELECTRICITY NETWORKS IN KILKIS (Contract no 187/2102134)

Ε

Ε

Ε

RAILWAY MAINTENANCE IN THE AREA OF JURISDICTION OF THE SECTION D RAILWAY OF ALEXANDROUPOLI (Contr. no 927).

Ε ELECTRICITY NETWORKS IN COMPLETION OF IRRIGATION ALEXANDROUPOLI (Contract no 187/2102122 NETWORK NESTOS WEST PLAIN IN KAVALA

Ε

SEWERAGE WASTEWATER IN AGRIA (VOLOS)

PRESERVATION OF RAILWAY ADRITSA– KALAMATA, ZEUGOLATIOU– KALONERO & LEUKTROU– MEGALOPOLIS (PELOPONNESUS) ON TRAFFIC

Ε - T.E.S. S.A. SITES

7

2.3 REAL ESTATE EQUIPMENT A. REAL ESTATE "T.E.S." S.A. is the owner of the following real estate, the current value of which is estimated to four million euro.

1) Offices on the 5th floor of a building situated in Serres, 12, Dionisiou Solomou str., covering a surface area of 427 sq.m. where the Company is headquartered, valued at 675.000,00€.

2) A stadium of 16.312 sq.m. at Christos (Serres district) with covered warehouses and repair shops of 720 sq.m., valued at 150.000,00€.

3) A five-storey office building at 170, Konstantinou Karamanli avenue in Thessalonica, covering a surface area 1.200 sq.m., valued at 3.175.000,00€.

8 8

The branch office of the company Konst.Karamanli Avenue in Thessaloniki

B.

EQUIPMENT

"T.E.S." S.A. uses proprietary mechanical equipment, always completing the undertaken works.

The mechanical equipment, that the Company possesses today, is described in the following tables.

The total value of the equipment, included in the tables, is more than 6.970.000,00€.

During the period 2002-2012, the Company has been equipped with mechanical equipment of 4.000.000€.

7.000.000 €

table with total value of the equipment

6.500.000 € 6.000.000 € 5.500.000 € 5.000.000 € 4.500.000 € 4.000.000 € 3.500.000 € 3.000.000 € 2.500.000 € 2.000.000 € 2000

2001

2002

2003

2004

2005

2006

2007

Step-up of railroad Thessaloniki-Alexandroupoli between R.S.Doirani and R.S.Kastanousa

2008

2009

2010

9

Α/Α

DESCRIPTION

MAKER

PIECES

LOADERS

CATERPILLAR/ INTERNATIONAL

10

EXCAVATORS

LIEBHERR

12

GRADERS

CATERPILLAR / HUBER

4

VIBRATING ROAD ROLLERS

DYNAPAC/BOMAC/WELLER

5

STATIC ROAD ROLLERS

HAMM / GALION

3

DUMP TRUCKS

MERCEDES

44

VAN

MAZDA / FORD

8

ΙNERT MATERIAL PRODUCTION INSTALLATIONS(QUARRY)

1

CONCRETE PRODUCTION INSTALLATIONS

GIRAFFE-ORU / MANDVILLE

3

CONCRETE TRANSPORTATION MIXERS

MERCEDES / MAGIRUS DEUTZ

9

CONCRETE PUMPS

MERCEDES

1

CHANNEL CONCRETE SPEADING UNIT

POWER CURBER

2

ASPHALTIC CONCRETE PRODUCTION INSTALLATIONS

WIBAN

1

ASPHALTIC CONCRETE SPREADING MACHINERY

VOGELLE

2

ASPHALTIC SOLUTION SPREADING MACHINERY

FIAT

1

CONSTRUCTION CRANESCONSTRUCTION ELEVATORS

VOLVO/KAZAM

2

AIR-COMPRESSORS

LME

3

BUSES

MERCEDES/FORD TRANSIT

9

VEHICLES WITH TRAILERS

MERCEDES

3

WATER TRANSPORTATION VEHICLES

MERCEDES

2

MISC. VEHICLES (PASSENGER CARS)

FORD/MAZDA/RENAULT/ CHEROKEE/VITARA

11

FUEL TRANSPORTATION VEHICLES

MERCEDES

2

VEHICLES – MACHINERY REPAIR SHOPS PILE DRIVER

5 AUF O&K

1

WEIGH – BRIDGE

1

TOPOGRAPHICAL EQUIPMENT

4

GEO-STATION GPS

1

MISC. COMMUN SPEC. & AUXILIARY EQUIPMENT Rail road tamping machine

2

Diesel rail locomotives

2

Rail Welding machine

1

Layer of preassembled track sections PKP

10

Plasser & Theurer

2

Expanding of canal 5K Maurothalassa-Ahino from 59+418km to 63+000km

T.E.S. S.A. - COMPANY PROFILE 2015

2.4 ENVIRONMENTAL MANAGEMENT OF POLLUTANTS

WASTE MANAGEMENT T.E.S. SA has the no. 8045/09.25.2014 permission of the Department of Environmental and Spatial Planning of the Decentralized Administration of Macedonia – Thrace for the management (collection - transfer) non-hazardous waste.

The company, with environmental awareness, implement complete management of excavated material and demolition in the works. Moreover recycles the majority of the waste (lubricants, tires etc.).

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T.E.S. S.A. - COMPANY PROFILE 2015

2.5.1 EMPLOYED STAFF “T.E.S.” S.A. occupies selected administrative and technical personnel.

Competencies and employees’ number vary according to the nature of the works. A summary table of the personnel’s composition during the last four years is presented below.

SPECIALITY

2010

2011

2012

2013

2014

Civil Engineers

12

12

12

12

12

Topographical Engineers

4

4

4

4

4

Mech. - Electric.

Engineers

2

2

2

2

2

Architects Engineers

1

1

1

1

1

Technicians

4

4

4

4

4

Administrative employees

9

9

9

8

9

Foremen - Draftsmen

5

5

4

4

5

Drivers

44

40

37

34

42

Operators

36

33

29

25

33

Workers

70

67

63

56

69

Repair shop mechanics

11

8

8

6

7

Laboratorials

1

1

1

1

1

Legal advisers Attorneys

5

5

4

4

5

Topographical Assistants Total Manhours

4

4

4

4

4

210

195

182

165

198

504.000

396.000

370.000

335.000

520.000

2.5.2 Safety at work For the company safety at work has a leading role, as a result there was no serious accident during the years 2012-2014.

-2512

Preservation of railroad at province of Drama

2.6 SHARE HOLDERS The company’s share holders are:  Mr. Christos Besiris  Mr. Naoum Passias Civil Engineers 2.7 ADMINISTRATION – PERSONNEL The board of Directors, after its new formation according to the resolution of the previous board, which assembled on the 30th of June 2010 on this purpose, consists of the following (Gazette 12435/30.06.2010):  Christos I. Besiris President and Legal Representative of the Company (resident of Serres, 12, D. Solomou str).  Naoum G. Passias Vice-President and Legal Representative of the Company (resident of Serres, 4, parodos An.Chrisafi str).  Georgios A. Gaitatzis Member (resident of Serres, 31-35, Sevastias str).  Nikolaos I. Gounis Member (resident of Serres, 9, Phillipou str).  Magdalini Ch. Dalgali Member (resident of Serres, 12, D. Solomou str).  Georgios Ch. Dalgalis Member (resident of Serres, 12, D. Solomou str).  Ioannis A. Despotidis Member (resident of Serres, 3, V.Konstantinou str).  Christos N. Konstantas Member (resident of Serres, 5, Str.Makrigianni str).  Constantinos Liousas Member (resident of Serres, 13-17, Moudanion str).

The term of the above Board of directors is for five years (expiring on the 30.06.2015).

Conjunctive roads and nodes to sanitary landfills and waste transfer locations of Serres

13

The Company is represented legally by the President of the Board of Directors, Mr Christos Besiris and the Vice-President of the Board of Directors, Mr Naoum Passias, commonly or separately.

The Company is managed by a hierarchy of experienced executives, highly qualified and with a strong bond among them, having a long service in the company and vast experience in construction and building works. The staff of the company and the position of its members within the company are as follows:  Christos Besiris President of the Board of Directors, Civil Engineer, with a vast experience in the administration of the company and the supervision of works. Born at Serres in 1944, he is one of the founders and main shareholders of the company, holding his position since 1980.  Naoum Passias Vice-president of the Board of Directors and Technical Manager, Civil Engineer with a 15 yearsold experience in the great scale works administration and the international cooperations of the Company. Born at Serres in 1948, he is one of the founders and main shareholders of the company, retaining his position since 1980.  Petros Tzintzis Provisions Manager, responsible for the maintenance of all the equipment and machinery of the company, and for all the sites of works. He was born at Domiros Serres in 1945 and holds this position since 1980.  Nikolaos Gounis Member of the Board of Directors, Civil Engineer (assistant), Head of the department for the preparation of tenders and contracts. He was born at Serres in 1953 and holds his position since 1980.  Magdalini Dalgali Member of the Board of Directors, Manager of Building and Private Works. Architect Engineer with a long experience in the projects of Building Works and the construction of innovative buildings. She was born at Serres in 1954, joined the company staff in 1992 and assumed her current duties from 1922.

14

Conjunctive roads and nodes to sanitary landfills and waste transfer locations of Serres

 Christos Nikas Civil Engineer. Manager of the Execution of Works and Costing with 20-years experience in the administration and construction of big scale technical works (Highways, Hydraulic, Bridge Building etc). He was born at Serres in 1959 and holds this position since 1984.  Christos Konstantas Mechanical Electrical Engineer. Associate and collaborator of T.E.S. S.A. since 2000. With 15-years experience in rail projects and networks with the vacuum method. Responsible ISO 9001:2008 company.  Giorgos Gaitatzis Member of the Board of Directors, Civil engineer.

With 10-years of experience in irrigation and water projects. Belongs to the company’s staff since 2002.  Ioannis Giantsios Civil engineer. With 10-years experience in road and building construction and in drainage works.

Belongs to the company‘s staff since 2007.  Anestis Teneketzis Topographer engineer. Belongs to the company‘s staff since 2007.  Gergios Dalgalis Mechanical - Electrical Engineer. Associate and collaborator of T.E.S. S.A. since 1986.  Despina Grigoriadou Project Manager.

Works in Procurement Department. Belongs to the company‘s staff since 2005.  Konstantinos Liousas Chief Accountant of the department of Finance of the Company. Belongs to the company’s staff since 1990.  Stergios Lappas Accountant of the department of Finance of the Company. Belongs to the company’s staff since 1980.  Anastasios Papadopoulos Lawyer - Legal Adviser of the company since 1984.  Zoi Kafetzopoulou Lawyer - Legal Adviser of the company since 2001.

The Customs - Chemistry House of Serres

15

T.E.S. S.A. - COMPANY PROFILE 2015

2.8 GROUP STRUCTURE

P

SAS

16

2.9 RELATED COMPANIES Having as a goal its even greaten involvement in the sector of building works and wishing to be flexible, T.E.S. S.A. as a company participates with an average of 45% in the construction building company. a) TES SA REP & D ATE & SIA OE b) AZIMUTH S.A. c) S.A.S. S.A. (Management and operation of underground parking)

Step-up of railroad Thessaloniki-Alexandroupoli between R.S.Doirani and R.S.Kastanousa

17

2.10 IN CONSORTIA Due to the size of the projects that the company undertakes, in many cases it co-operates with other similar enterprises. These consortia have an autonomous character and their own financial and accounting administration.

The following table shows the consortia in which T.E.S. S.A. participates, the works undertaken and the percentage of participation of T.E.S. S.A. in each one of them.

18

Preservation of railroad Thessaloniki – Alexadroupoli between R.S.N.Zihni – R.S.Leukothea on traffic

CONSORTIUM NAME

WORK

Consortium SIAMKAS EVIEK S.A. – TES S.A.

Electricity Network in the area of West & Central Thessaloniki

Consortium T.E.S. S.A. – KAMELIDIS

Impurities network in the area of Sfagia – 40Martires & Omonia in city of Serres

Consortium T.E.S. S.A. – VIOTER S.A.

Preservation of railroad Andritsa – Kalamata, Zeugolatiou – Kalonero & Leuktrou – Megalopolis (Peloponnesus) on traffic

VALUE €

% T.E.S. S.A.

11.344.950 1.783.601

50,00

66,00

36.321.217

40,00

5.193.145

50,00

Consortium KIROMITI – TES S.A.

Connection of the Industrial area of Thessaloniki with the railroad network

Consortium PROMITHEAS – TES S.A.

Preservation of railroad at province of Drama

4.619.184,21

30,00

Consortium T.E.S. S.A. – ERGOBETON ABETETH

Completion Of Irrigation Network Nestos West Plain in Kavala

9.336.627,74

50,00

Consortium MICHANIKI PERIVALLONTOS S.A. – T.E.S. S.A.

Construction of internal sewerage network with the method of network space in Mitrousi and in Skoutari (Serres)

6.365.403,80

50,00

Complementary construction works of the N.R. Serres – Promahona from 0+000 to 8+000

19

3. THE CONSTRUCTION SECTOR AND ITS TREND IN GREECE 3.1 GENERALLY The construction sector may be divided in two distinguished sub-sectors:

I. DWELLINGS AND BUILDINGS The majority of the construction companies are dealing with this sub-sector, which represent 70% of the total building activity.

There is an evident improvement in this sub-sector since 1998, when the banks and the Public sector decreased their mortgage interest rates.

II. TECHNICAL WORKS The activities of this sector consist of Road Construction Bridge Construction, Irrigation, Ports and Electro-mechanical Works.

The Public Sector finances most of the above Technical Works.

There are certain requirements that a company has to fulfill in order to participate in a call for tenders and execution of public works, related to the legal status of the company, the share capital, the license class in relation to the work budget or the construction experience specifically needed for each work and call for tenders.

3.2 LICENSES The licenses are classified from A1 to a2. and from 1 to 7.The A1 and A2 classes concern the Partnerships.

Classes from 1 to 7 concern the companies with the legal status of S.A. or L.T.D.

T.E.S. S.A. belongs to the 5th class license and in conformity with the Greek Law, any company provided with a 5th class license is eligible to participate alone in a call for tenders of a public work with a budged up to 22,00 million â‚Ź. Above this limit, all companies have to form consortia with Technical Companies. Besides, now the Greek legislation in compliance with European Community law gives the right to participate in auctions with a larger budget.

The Technical Works Sector in Greece is very encouraging. The prompt needs to update the Greek economy in order to facilitate investments which are clearly showing the role that the construction sector has an important play in the coming years.

This modernization effort is financed mainly by the European Union and the relative Projects.

20

Design - construction - finance and concession of underground parking in the Municipality of Serres O.P.181

4. FINANCIAL DATA ANALYSIS

4.1 TURNOVER RESULTS The financial results of the company prove its constant expansion in the recent years. The size of the company has been multiplied in the period 1990-2012, since the total capital was 366.837â‚Ź, while in 2008 became 11.124.860â‚Ź.

This modernization effort will be financed mainly by the European Union and the relative Projects.

In 2014 is expected a assets increase by 30%.

Expanding of canal 5K Maurothalassa - Ahino from 59+418km to 63+000km

21

4.2

FINANCIAL DATA OF THE COMPANY

ASSETS Fixed assets accumulated deprecations total of net assets stocks credits Disponibilities TOTAL ASSETS

LIABILITIES share capital reserve funds total of funding capital short term debts banks TOTAL LIABILITIES

22

2010 6.957.284 5.744.008

2011 6.957.284 6.200.222

2012 6.977.493 6.532.471

2013 6.850.994 6.483.003

1.213.275 29.441 2.705.916 5.920.970 13.044.424

757.061 322.128 1.891.683 5.416.336 11.543.996

445.022 472.204 1.799.174 5.252.108 11.124.860

367.991 524.053 1.606.892 5.721.505 11.474.544

2010 4.947.372 3.296.502 10.412.903

2011 4.953.520 3.528.266 9.985.509

2012 5.389.020 3.569.907 9.943.718

2013 5.389.020 3.642.029 9.837.366

1.470.032 0.00 13.044.424

800.941 0.00 11.543.996

860.089 0.00 11.124.860

844.565 0.00 11.474.544

Restoration of Batanion and Moramor sources in Lefkonas local district and replacement of external water supply pipeline (transmission) from its sources to the northern part of Lefkonas local district

4.3 BANKS REFERENCES

T.E.S. S.A. cooperates and trades with the following Banks: A. Piraeus Bank B. Alpha Credit Bank C. National Bank of Greece D. Attica Bank

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Construction - Welding steel tube diameter 1200mm high pressure 16aatm.

23

T.E.S. S.A. - COMPANY PROFILE 2015

5. RECASTS, OBJECTIVES AND PERSPECTIVES The development of the construction sector (especially the Public Works) is estimated to have a constant affirmative growth in the subsequent years and in the α becauseα, α α necessity α α αforα future, the α is urging,αgiven the difference infrastructure α α α between Greece and the rest of the European Union countries in this regard.

The Company is aiming to participate as much as possible in the forthcoming Public Works, based on its funds and its assets, and thus will pursue its greaten possible involvement in the construction of great Π scale works.

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In the same time, it is expected that the construction activities of the company will rapidly expand in the neighboring Balkan countries, where there are discussions to extend co-operation in all construction sectors.

For T.E.S. S.A. The President

CHRISTOS BESIRIS Civil Engineer

24

Construction of sewage networks with the method of vacuum networks in Scutari Serres PN 16 atm

CERTIFICATE IQNet and DQS GmbH Deutsche Gesellschaft zur Zertifizierung von Managementsystemen hereby certify that the company

TECHNICAL COMPANY OF SERRES S.A. 12, Dionyssiou Solomou street 62122 Serres Greece

has implemented and maintains a Quality

Management System.

Scope: Construction of public & private electromechanical, road building, railway, constructions, industrial/power, hydraulic, harbour, management (collection-transporting) of non-hazardous waste and D.E.I. (Public Power Corporation S.A.) works.

Through an audit, documented in a report, it was verified that the management system fulfills the requirements of the following standard:

ISO 9001 : 2008 Valid from Valid until Date of certification

2016-07-17 2018-09-14 2016-07-17

Registration number: DE-290758

Michael Drechsel President of IQNet

Frank Graichen Managing Director of DQS GmbH IQNet Partners*:

AENOR Spain AFNOR Certification France AIB-Vinรงotte International Belgium APCER Portugal CCC Cyprus CISQ Italy CQC China CQM China CQS Czech Republic Cro Cert Croatia DQS Holding GmbH Germany FCAV Brazil FONDONORMA Venezuela ICONTEC Colombia IMNC Mexico Inspecta Certification Finland INTECO Costa Rica IRAM Argentina JQA Japan KFQ Korea MIRTEC Greece MSZT Hungary Nemko AS Norway NSAI Ireland PCBC Poland Quality Austria Austria RR Russia SIGE Mexico SII Israel SIQ Slovenia SIRIM QAS International Malaysia SQS Switzerland SRAC Romania TEST St Petersburg Russia TSE Turkey YUQS Serbia IQNet is represented in the USA by: AFNOR Certification, CISQ, DQS Holding GmbH and NSAI Inc. * The list of IQNet partners is valid at the time of issue of this certificate. Updated information is available under www.iqnet-certification.com

CERTIFICATE This is to certify that

TECHNICAL COMPANY OF SERRES S.A. 12, Dionyssiou Solomou street 62122 Serres Greece

has implemented and maintains a Quality

Management System.

Scope: Construction of public & private electromechanical, road building, railway, constructions, industrial/power, hydraulic, harbour, management (collection-transporting) of non-hazardous waste and D.E.I. (Public Power Corporation S.A.) works.

Through an audit, documented in a report, it was verified that the management system fulfills the requirements of the following standard:

ISO 9001 : 2008

Certificate registration no.

290758

Valid from

2016-07-17

Valid until

2018-09-14

Date of certification

2016-07-17

DQS GmbH

Frank Graichen Managing Director

Accredited Body: DQS GmbH, August-Schanz-StraĂ&#x;e 21, 60433 Frankfurt am Main Administrative Office: DQS-Hellas Ltd., 4, Kalavriton Street, 14564 Kifissia - Athens, Greece

8. SIGNIFICANT WORKS DURING THE PERIOD 1980-2014 (ALREADY EXECUTED)

Α/Α

WORK

PERIOD

Roadbuilding in the town of Serres and quarters

2

Improvement of the asphalt road surface of the country roads Anthi – Patrikioy, Mavrothalassa - Amfipoli

1981-1982

3

Asphalt covering of the country road Pethelinos - Dravisko

1981-1983

Ministry of environment, Regional Planning and Public Works

102.715,00

4

Complementary works for the superficial network of the Lithotopos torrent (Serres valley)

1982-1983

Ministry of environment, Regional Planning and Public Works

88.041,00

5

Construction of the road Thessaloniki – Serres – Promahona (road part Lefkona – Provata)

1983-1985

Ministry of environment, Regional Planning and Public Works

1.109.318,00

6

Improvement of the asphalt covering of the country road Drama – Simvoli – Amfipoli (Paleokomi part)

1983-1985

Ministry of environment, Regional Planning and Public Works

440.205,00

7

Construction and formation of six (6) road junctions at the N.R. 63 Serres – Sidirokastro - Promahona

1984-1985

Ministry of environment, Regional Planning and Public Works

123.258,00

8

9

10

Roadbuilding of the N.R. 63, Sidirokastro – Promahona part, from km 5+700 to 17+100

Infrastructure works construction Serres industrial area nd (2 stage)

1984-1985

1984-1987

1987-1988

11

Construction of an over bridge crossing of the railroad Thessaloniki – Idomeni at km 36+610

1988-1989

12

Construction and widening of the roads Serres – Ano Vrontou and Sitohori – N.Kerdillia

1989-1991

13

Complementary construction works of the N.R. 63 Sidirokastro – Promahona from km 0+000 to 17+100

1989-1993

Municipality of Serres

VALUE €

1

Asphalt covering complementary works of the road Drama – Simvoli – Amfipoli from km 14+500 to 19+400 and from km 21+600 to 23+000 as well as from km 38+600 to 42+000 with protecting works

1980-1981

OWNER OF THE WORK

Prefecture of Serres

Ministry of environment, Regional Planning and Public Works Min. of environment, Regional Planning and Public Work Hellenic Industrial Development Bank National Railroad Organization Prefecture of Serres Ministry of environment, Regional Planning and Public Works

117.388,00

252.384,00

959.648,00

1.320.616,00

815.847,00 528.247,00

968.452,00

14

Irrigation network of the S.E. part of the Serres farming area

1989-1991

15

Erection of the Serres Customs – Chemistry H.

1989-1992

Prefecture of Serres

1.467.351,00

16

Construction of NATO storage sites

1990-1991

Ministry of Defense

733.676,00

Nigrita’s Medical center for chronic diseases

1990-1993

Prefecture of Serres

3.228.173,00

1992

General Secretary of athleticks

440.205,00

17

Municipality of Serres

102.715,00

440.205,00

18

Repairs and improvement of the auxiliary rooms under the stands of the Kaftajoglio National stadium of The Thessaloniki and formation of new rooms

19

Renovation works at the National Bank of Greece

1990-1992

National Bank of Greece

440.205,00

20

Improvement of the National Road Drama – Serres, road part from km 6+200 to 13+137

1991-1993

Ministry of Environment, Regional Planning and Public works

1.643.434,00

21

Road from Thessalonica to Strimona. Widening of the road Strimona - Asprovalta

1991-1994

Ministry of Environment, Regional Planning and Public works

4.504.769,00

22

Irrigation project at Skoutari. Department of Serres

1991-1994

Ministry of Agriculture

6.456.346,00

28

8. SIGNIFICANT WORKS DURING THE PERIOD 1980-2014 (ALREADY EXECUTED)

23

Improvement of the N.R. 2 Thessalonica – Kipi bridge and from ancient Strimona Bridge to Platanotopo, Kavala district

1992-1994

Ministry of Environment, Regional Planning and Public works

1.467.351,00

24

Complementary construction works of the N.R. Thessalonica – Promahona. Road part from Sidirokastro to Promahona

1993-1995

Ministry of Environment, Regional Planning and Public works

733.676,00

25

Renovation and parts widening of the Country road Petritsi-Rodopolis borders of the Kilkis department as well as the accesses served by the neighboring inhabitations

1993-1994

Ministry of Environment, Regional Planning and Public works

26

Maintenance and improvements of the country roads Serres-Amfipoli, Nigrita – Strimoniko as well the accesses served by the neighboring inhabitation

1993-1994

Ministry of Environment, Regional Planning and Public works

27

Irrigation network of Peplo (Evros department)

1993-1994

28

Construction of an over crossing at the railroad station of Strimona

1997-1998

29

30

31

32

33

Construction of the bridge of Strimona at the N.R. Serres – Nigrita (Peponia)

1996-1997

Improvement of geometrical characteristics and viability of the road Nigrita – borders of Thessalonica. Road part Therma (12 km)

1994-1997

Improvement of geometrical characteristics and viability of the road Dimitristi K.Kamilas –A.Kamilas–Mitrousi–Serres.

Road parts: a) Dimitritsi – Koumaria b) K.Kamila – A.Kamila c) A.Mitrousi – Serres

1994-1997

Improvement of geometrical characteristics and viability of the road Serres – Lailia. Road part Chrisopigi – Orini and road part to Xirotopo & Orini.

Improvement of geometrical characteristics and viability of the road Serres – Nigrita.

Road part Peponia – Anthi (6km)

1994-1997

Ministry of Agriculture National railroad Organization Ministry of Environment, Regional Planning and Public works Ministry of Environment, Regional Planning and Public works

Ministry of Environment, Regional Planning and Public works Ministry of Environment, Regional Planning and Public works

264.123,00

293.470,00

5.769.405,00 1.467.351,00

1.760.822,00

880.411,00

586.941,00

586.941,00

1992-1995

Ministry of Environment, Regional Planning and Public works

586.941,00

34

Preservation – improvement – intication of the N.R.12 Serres - Drama

1994-1997

Ministry of Environment, Regional Planning and Public works

528.247,00

35

Road construction of development conjunction Great Alexander

1995-1998

Ministry of Environment, Regional Planning and Public works

528.247,00

1995-1998

Ministry of Environment, Regional Planning and Public works

625.092,00

1995-1997

Ministry of Environment, Regional Planning and Public works

513.573,00

Road construction at the municipality of Sidirokastro 36

Country roads 11 and 16 improvement, asphalt covering 37

38

Construction of joining road of camp in Sikea, department of Serres

39

Improvement of geometrical characteristics and viability of the road N.R.Thessalonica Serres – Anagenissi – Paleokastro to the parts: a) N.R. Serres –Thessaloniki – Anagenisi b) Skotousa – Paleokastro

1994-1997

Widening and asphalt covering of the roads Serres – A.Vrontou & Sitohori – N.Kerdilia

1994-1997

40

1996-1997

Ministry of Defense Ministry of Environment, Regional Planning and Public works

Ministry of Environment, Regional Planning and Public works

528.247,00

352.164,00

381.511,00

29

8. SIGNIFICANT WORKS DURING THE PERIOD 1980-2014 (ALREADY EXECUTED)

41

1992

Renovation works at the Piraeus Bank

Piraeus Bank

42

Widening of the road Thessalonica – N.Moudania. road part from Kardia km 0+000 to km 17+558,31

1996-2000

Ministry of Environment, Regional Planning and Public works

29.347.029,00

43

Complementary construction works of the N.R. Serres – Sidirokastro – Promahona from km 0+000 to 8+000

1996-1999

Ministry of Environment, Regional Planning and Public works

3.521.643,00

44

Improvement of geometrical characteristics and viability of the road Nigrita – Strimoniko. By-pass Terpni – Nigrita.

1998-1999

Ministry of Environment, Regional Planning and Public works

1.643.434,00

45

Collector drain and compaction of the impurities Network at the area of Timios Stavros in city of Serres

1998-1999

nd

Minicipal Operation of Watering and Sewage System of Serres

46

Irrigation project at Skoutari. Department of Serres (2 phase)

47

Construction of an over crossing at the railroad km 126+371 Thessalonica –Alexandroupolis

2000-2001

National Railroad Organization

2.934.702,00

48

Renovation of the railroad Thessalonica – nd Alexandroupolis (2 phase)

2001-2002

National Railroad Organization

4.546.690,00

49

Construction of railroad Thessalonica – Alexandroupolis from km 146+800 to km 149+000 (Gazoros – Serres)

2002-2003

National Railroad Organization

2.727.332,00

1999-2001

Ministry of Agriculture

1.526.045,00

10.066.030,00

50

Maintenance of the railroad (on traffic) Thessalonica – Alexandroupolis. Part C from km 50+500 to km 308+000

2002-2004

National Railroad Organization

2.533.793,00

51

Complementally works to irrigation project at Skoutari

2003-2004

Ministry of Agriculture

3.407.740,00

52

Construction of the five floors building (offices) at Konst.Karamanli avn. in city of Thessaloniki

2002-2003

53

Network at the area of West & Central Thessaloniki

2002-2005

Public Power Corporation

11.344.950

54

Replacement of water supply network in low zone in city of Serres

2003-2004

Municipal Operation of Watering and Sewage System of Serres

4.652.673

55

Impurities network at the area of Sfagia – 40Martires & Omonia in city of Serres

2003-2005

Municipal Operation of Watering and Sewage System of Serres

56

Preservation of railroad Adritsa–Kalamata, Zeugolatiou– Kalonero & Leuktrou–Megalopolis (Peloponnesus) on traffic

Investor model

3.100.000,00

1.783.601

2003-2007

National Railroad Organization

36.321.217

57

Connect the Industrial area of Thessaloniki with the railroad network

2004-2006

National Railroad Organization

5.193.145

58

Preservation of railroad Thessaloniki – Alexadroupolis between R.S.N.Zihnis – R.S.Leukotheas on traffic

2004-2007

National Railroad Organization

12.012.120

59

Renovation modernization and improvements of the nd irrigation of the 2 irrigation network plain of Serres – Zone part Adelfikou

2005-2007

60

Erection of Technical Institution Sidirokastro

2005-2007

Prefecture of Serres

1.947.841

61

Intervesion of railroad at province of Drama

2005-2007

National Railroad Organization

878.017

30

Ministry of Agriculture 11.733.194

8. SIGNIFICANT WORKS DURING THE PERIOD 1980-2014 (ALREADY EXECUTED)

62

Network at the area of Kilkis

2008-2010

Public Power Corporation

63

Construction of building complex in the city of Serres

2006-2007

64

Construction of building to the Ag.Ioanni Serres

2006-2007

65

Step-up of railroad Thessaloniki-Alexandroupoli between R.S.Doirani and R.S.Kastanousa

2007-2010

66

Collector of sewage system at Ag.Ioanni-Eptamili – Ilioupoli and Sigis Serres

2006-2008

67

Preservation of railroad at province of Drama

2007-2009

National Railroad Organization

68

Design - Construction - Financing and allocation of operating underground parking in Municipality of Serres

2010-2013

Municipality of Serres

4.500.000

2008-2014

Central Macedonia Region

2.196.317

Investor

Investor

National Railroad Organization

Municipal Operation of Watering and Sewage System of Serres

3.150.000

1.550.000

1.380.000

11.085.163

3.453.775

4.619.184,21

Extension Canal 5K area Mavrothalassa - Achinos from 59 + 418 km to 63 +000 km 69

The value of the works is expressed in contractual prices on the date of the contact acceptance (with VAX 18% or 19% or 23%)

31

ΕΧΝ Η Ε Α Ρ Α ΕΡΡΩΝ .Ε. . Α.Ε.

TECHNICAL COMPANY OF SERRES T.E.S. S.A