ΒΙ.ΜΕ.ΚΑΤ. Α.Ε. Confidential Fact Sheet

March 2021, Athens, Disclaimer

This document (hereinafter referred to as "Fact Sheet" or "FS") has been compiled by EUROCONSULTANTS S.A. (hereinafter referred to as "Euroconsultants") on behalf of “METAL STRUCTURES OF RODOPI S.A.” (hereinafter referred to as the “Company”), with the distinctive title “VI.ME.KAT. S.A.” (hereinafter referred to as “VI.ME.KAT.”), and with respect to the intended sale of some or all of the Company's assets (hereinafter referred to as “Transaction”).

This FS is provided to you (hereinafter referred to as "recipient") and any other interested parties, who may or may not be interested in the Transaction, solely to help those parties decide about whether to further analyze the proposed Transaction. The information and data referred to in this FS are strictly confidential. Consequently, the contents of this FS and any other information or data that will be disclosed hereafter will be confidential and may not, without the prior consent of the Company, be published, reproduced, copied or disclosed to anyone other than you or your advisors, who need to be informed and know that they are confidential or used for any purpose other than the Transaction. You will be responsible for any loss of material of Euroconsultants or the Company, in case of unauthorized disclosure or use.

The information in this FS is obtained from the Company and from public or other sources. The company Euroconsultants assumes no responsibility for the independent verification of the information and expressly disclaims any responsibility whatsoever against any purchaser regarding this information or any transaction with the Company. Neither the Company nor Euroconsultants proceed to any representation or warranty, express or implied, nor accept any responsibility for the accuracy or completeness of this FS or any other written or oral information provided by the Company, Euroconsultants or any other person to any recipient. Neither the Company nor Euroconsultants provide any representation or warranty as to the achievement or validity of any forecasts, prospects or returns. This FS only discloses information as of the date of its publication and neither the Company nor Euroconsultants have the obligation to update or correct any information contained herein.

This FS is intended only to provide general information about the Company and not to form the basis of any investment decision to acquire any part or all of the assets, shares or holdings in the Company. This document may not be construed as a bid or invitation to tender for the acquisition of shares, stocks or holdings in the Company under any jurisdiction. The recipient, accepting this FS, states that it is a person to whom Euroconsultans may deliver this FS without violating the relevant legislation at any point. Upon receipt of this FS, the recipient agrees to be bound by the restrictions set forth in it.

This FS may not be reproduced or redistributed to another person or published in whole or in part for any purpose. Upon request, the recipient shall promptly return all materials provided by or on behalf of the Company (including this FS) without retaining any copies. The Company undertakes no obligation to provide the recipient with access to additional information and reserves the right, without notice, to negotiate with one or more prospective purchasers, to impose and change the procedures of any transaction, to terminate the negotiations at any time before signing a binding agreement on a transaction and enter into such agreements with any other party. The Company has no liability towards the recipients of the Teaser for any costs incurred during this process.

20191120_Sale of BIMEKAT_CIM_vf.pptx 2 Contact information

BI.ME.KAT has retained Euroconsultants to pursue a potential transaction with a prospective buyer. BI.ME.KAT has requested that all contact be made either through Euroconsultants or through BI.ME.KAT’s management team below and under no circumstances should BI.ME.KAT’s employees or clients be contacted directly.

Any questions or requests for further information should be directed to one of the following individuals:

Στοιχεία Evangelos Fragkogiannis, CFA Evangelos Kalenteridis Επικοινωνίας Director, Euroconsultants CEO, BIMEKAT +30 211 100 1600 +30 694 468 4126 [email protected] [email protected]

Akadimias 5, Komotini Industrial Area, 10671, Athens, Greece 69100, Komotini, Greece

20191120_Sale of BIMEKAT_CIM_vf.pptx 3 Contents Page

Executive Summary 5 A. Key investment highlights 6 B. Industry overview 10 C. Company overview 12 D. Growth opportunities 27 E. Financial statements 31

20191120_Sale of BIMEKAT_CIM_vf.pptx 4 Executive summary

Transaction overview: The company “Metallikes Kataskeves Rodopis S.A.” with the brand name “BI.ME.KAT.” referred to herein as the “Company” seeks investment interest for the potential acquisition of the business or all of its assets on “as is, where is” basis

Business description: The Company is located in a 8,226 m2 land plot in Komotini’s industrial area and it is the only one of its type of constructions and services offered. Produces, designs and manufactures a number of metal buildings, housing estates, photovoltaic parks and other facilities with all the facilities and equipment at its disposal.

Key investment considerations: The market in the region of Eastern Macedonia and Thrace is attractive for the company's products and concerns the private projects, projects of the Public Sector as well as the subsidized programs LEADER, NSRF and the Development Law.

Financial summary: The Company has transparent financial data and great visibility in terms of its financial performance

20191120_Sale of BIMEKAT_CIM_vf.pptx 5 A. Key investment highlights A KEY INVESTMENT HIGHLIGHTS The Company is a well-established metal constructions business that mainly operates in the markets of E. Macedonia & Thrace

1. Established business

> The Company has been operating continuously since 1987: The Company is one of the first companies in the Industrial Area of Komotini and has cooperated with almost all local companies. The Company has also successfully established itself in the Bulgarian market > The Company is managed by its founder: The current owner has created and runs the business since its inception and has extensive experience in the economic activity of the area Highly experienced staff: The Company employs a specialized workforce with over 20 years of experience in the company

2. Strong operations with high future visibility

> The company has evidenced strong resilience in its sales throughout the recent economic downturn > The company has contracted projects of about EUR 300k and projects near contracting are estimated at about EUR 200k > The founder is willing to continue supporting the company going forward and to nurture project pipeline from the existing sales channels in Greece and Bulgaria

20191120_Sale of BIMEKAT_CIM_vf.pptx 7 A KEY INVESTMENT HIGHLIGHTS Through its strategic location, the Company can efficiently serve a large clientele of public and private clients

3. Στρατηγική τοποθεσία > The Company has been established in the Industrial Area of Komotini since 1987. It is strategically located in the same area where there are more than 90 factories, most of which were built and maintained by the company. > The Industrial Area of Komotini is in a position with high development, in full connection with the Egnatia Odos and the vertical connection of the Egnatia Odos with the customs of Nymfaia to Bulgaria. It has access to an extensive and efficient transport network with proximity to important destinations at home and abroad, such as: – 30km from Bulgaria, – 50km from ’s airport – 100km from Turkey, – 80km from the airport of Kavala – 50km from the port of Alexandroupoli 4. Advantageous competitive landscape

> The company, in all the services it offers, has no direct competitor in the region of Eastern Macedonia and Thrace. 5. Clean ownership titles > Clean titles with no pledges that qualify for a timely closing

20191120_Sale of BIMEKAT_CIM_vf.pptx 8 A KEY INVESTMENT HIGHLIGHTS Finally, the Company has the qualities to benefit the most from large projects in the area and a series of location-specific subsidies 6. Quality financials

The company: > It continuously publishes its financial data > Has a detailed study of detailed assessment of its fixed facilities and other financial data

7. Proximity to large projects in the area > Due to the position of the Company, there is a possibility of serious cooperation in major projects in the region (eg new power plants, investments in ports, etc.) 8. Supportive economic and business environment

> Economic activity is strongly improving and overall demand is steadily increasing > The Company actively participates in auctions of the Greek State and NGOs, such as:Hellenic Police Headquarters - Ministry of Culture - Ministry of Health - PAMTHInternational Organization of Migration - UHNCR - DRC - I.O.C.C. - I.R.C. > The Company can benefit from the increased subsidies of development programs, such as LEADER, ESPA, Development Law, etc., which relate to: . Construction of buildings . Expansion and modernization of buildings . Acquisition of new mechanical equipment . Modernization of existing electromechanical installations

20191120_Sale of BIMEKAT_CIM_vf.pptx 9 B. Industry overview B INDUSTRY OVERVIEW The industry is already recovering and demand should be fueled by the need of clients to renew equipment and expand their activities

Overview

Market sizing estimate

Correlation analysis Historical and estimated performance

EUR, bn EUR, bn 300 300 +21%

250 250 +30%

200 200 Estimates 150 150 100 100 50 50 0 0

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14

2008 2009 2010 2011 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 EUR, bn 2012 Gross capital formation - Metallic constructions/machines (current prices) Gross domestic product (current prices)

> Simple linear regression analysis results in an adj.R2 of 54% but with > The recovery of the local economic conditions is expected to have a very high correlation rates between GDP and the industry index. direct, positive impact on the growth of the metal constructions market > Pre – crisis data suggest a much stronger relationship between the 2 > In addition to the new projects expected to mature/ come into the variables, as observed in other countries in the region (adj.R2 80%), market in the coming years, the renewal of depreciated equipment is indicating that demand for industry’s products should be expected to expected to further increase the demand for industry’s products in the increase very strongly in the short to medium term as it catches up with short to medium term normality Πηγή: IMF, Ευρωσύμβουλοι 20191120_Sale of BIMEKAT_CIM_vf.pptx 11 C. Company Overview Γ COMPANY OVERVIEW The Company is successfully trading since its inception in 1987 under the guidance of its founder

Key highlights

Overview Μετοχική σύνθεση

> The Company is a Societe Anonyme that was established in 1987 to support the industrialization of the broader area > The Company operates successfully in four, highly interconnected, business lines: Βασίλειος Ευάγγελος Καλεντερίδης Καλεντερίδης − Metal constructions of industrial buildings − Self-supporting houses of various uses 98% 2% − Prefabricated houses − Equipment of Cities-Municipal spaces − Energy programs (Photovoltaic parks) > The Company has been operating continuously since its establishment and has accumulated a wide range of technical experience in the design, construction and BIMEKAT operation of previous business lines > The Company is managed by its founder, Mr. Evangelos Kalenderidis, and has achieved high efficiency as evidenced by : − The successful navigation of the business throughout the economic downturn − The efficient management and minimization of the businesses’ liabilities

20191120_Sale of BIMEKAT_CIM_vf.pptx 13 C COMPANY OVERVIEW The core business activity of the Company relates to the design, construction and installation of steel structures Products and services

> Issuance of formalities such as building permits, operating permits, etc.

> Construction of fully integrated turnkey industrial buildings, such as : • Earthworks • Concreting • Metal frame • Overlays, side covers • Joints, insulation • Operating offices • Production areas • Εlectromechanical installations

20191120_Sale of BIMEKAT_CIM_vf.pptx 14 C COMPANY OVERVIEW The object of the Company is also the design, construction and installation of self-supporting houses Products and services

> Design - study of houses according to customer requirements

> Construction of self-supporting housing "turnkey" • Immigrant lodges • Offices • WC units • Warehouse • parking spaces • Construction sites • Housing for electromechanical facilities • Houses of sanitary interest • Watchtowers • Different uses (On demand)

20191120_Sale of BIMEKAT_CIM_vf.pptx 15 C COMPANY OVERVIEW Design - study and construction of prefabricated houses Products and services

> Design - study of houses according to customer requirements > Issuance of formalities such as building permits, etc.

> Turnkey construction • Earthworks • Concreting • Bearing metal frame • Masonry • Paints • roofing • doors - windows • Floors • Electrical • Plumbing - Sewerage • Heat - cold

20191120_Sale of BIMEKAT_CIM_vf.pptx 16 C COMPANY OVERVIEW Design and construction of equipment for cities - Municipal areas

Products and services

> Design and construction of various special city constructions • Information kiosks • Settlement bridges • Street - park lights • Stadium stands • Stadium locker rooms • Information stand • Car shelters • Special constructions of public markets • Recycling bins

20191120_Sale of BIMEKAT_CIM_vf.pptx 17 C COMPANY OVERVIEW Since 2009 the Company is also active in the energy sector with primary focus in the installation of photovoltaic parks Προϊόντα - Υπηρεσίες

> Feasibility studies from 5Kw – …Mw > Designing > Permitting > Net metering > OFF-GRID systems > OFF-GRID street – park lights > Installation > Testing

20191120_Sale of BIMEKAT_CIM_vf.pptx 18 Γ ΕΠΙΣΚΟΠΗΣΗ ΤΗΣ ΕΤΑΙΡΕΙΑΣ The Company has strong footprint in the area and has worked for some of the largest businesses in E. Macedonia & Thrace

Ιδιωτικός – Δημόσιος τομέας (ενδεικτικοί πελάτες)

20191120_Sale of BIMEKAT_CIM_vf.pptx 19 C COMPANY OVERVIEW For the development of its products and services, the Company has fully equipped facilities in the Industrial Area of Komotini Στοιχεία ιδιοκτησίας

> Address: Komotini Industrial Area

> Zoning: High Impact/ Industrial

> Plot size: 8,226 m2 > Buildings: 4,172 m2 > Distances from key points of interest : – 30χλμ από τα σύνορα της Βουλγαρίας, – 100χλμ από τα σύνορα της Τουρκίας, – 50χλμ από το λιμάνι της Αλεξανδρούπολης – 50χλμ από το αεροδρόμιο της Αλεξανδρούπολης – 80χλμ από το αεροδρόμιο Καβάλας

Πηγή: Google maps 20191120_Sale of BIMEKAT_CIM_vf.pptx 20 C COMPANY OVERVIEW The Company has all the necessary building facilities for the design and production of its products

Building facilities

> The Company's buildings consist of a fully functional workshop and support facilities amounting to 4,172m2, with the possibility of expanding buildings by an additional 770m2 > Production lines 3,320m2 > Warehouse 280m2 > Showroom χώρος 107m2 > Office 470m2

20191120_Sale of BIMEKAT_CIM_vf.pptx 21 C COMPANY OVERVIEW The Company has all the necessary equipment for the implementation of its projects

Production equipment

> The company's equipment includes three production lines: . Industrial constructions . Lightweight constructions . Housing > Sandblasting area > Painting area

Installation equipment > Means of transport > Lifting machines > Work platforms > Crane mounted truck > Clark

20191120_Sale of BIMEKAT_CIM_vf.pptx 22 Γ ΕΠΙΣΚΟΠΗΣΗ ΤΗΣ ΕΤΑΙΡΕΙΑΣ The Company also holds a series of certifications and licenses that validate the high quality of the products and services offered Certificates

> The Company has been certified for the development of high quality products that meet the requirements of each customer > The international certificates it holds include: – Occupation Health and Safety Management + System OHSAS 18001:2007/ΕΛΟΤ 1801:2008 – Quality Management System EN ISO 9001:2015 – Environmental Management System EΝ ISO 14001-2015 – Certificate of Company of the Factory Production Control EN1090-1:2009+Α1:2011, ΕΝ1090-2:2008+Α1:2011 – Welding Procedure Qualification Record EN ISO 15614-1-2014 – ertificate of construction of Bulgarian projects of the highest level, 1st to 5th category

20191120_Sale of BIMEKAT_CIM_vf.pptx 23 C COMPANY OVERVIEW In operations, the Company has a flat organizational structure that favors the close and high efficiency collaboration of its teams

Organizational structure

Overview

The Company is managed by its founder, Mr. Evangelos Kalenderidis, who oversees the Company's operations and manages the Company's sales efforts in Greece and Bulgaria.

President & CEO Ε. Kalenteridis

Legal division

Sales Licensing & IT Design Production Finance Division Division Division Division Division Ε. Kalenteridis S. Dalaklidis Y. Hanife Μ. Armpati P. Chatzigeorgiou

Τμήματα εκτός Εταιρείας 20191120_Sale of BIMEKAT_CIM_vf.pptx 24 C COMPANY OVERVIEW A solid team of managers with long experience in the market is in charge of all critical business areas

Key roles and responsibilities (1/2)

Key personnel

Evangelos Kalenteridis – BoD President, CEO and Head of Sales > Company founder, > Architectural Engineer, > Has been involved in the management of the Company as well as in the field of sales since 1987. Possesses deep engineering know-how and has exceptional knowledge of the local market and of clients needs

Dalaklidis Stefanos – Manager of Licensing and IT Division > IT graduate, > Has been working with the Company for 32 years, > Specialist in the preparation of projects’ studies and scheduling that affect both the operation of the technical and the financial part of the business

Yusuf Hanife – Manager of Designing Division > Architectural engineer, > He has been working with the company for 15 years, > Manages projects’ designs and is responsible for all the customary project applications, licensing processes of all Company’s projects

20191120_Sale of BIMEKAT_CIM_vf.pptx 25 C COMPANY OVERVIEW All key managers have been working together for many years and have developed a deep knowledge of the needs of the local market

Key roles and responsibilities (2/2)

Key personnel

Mporos Armpati – Manager of Production Division > Mechanical Engineer, > He has been working with the Company for 23 years, > Undertakes the organization, execution and supervision of the production activities of the Company's projects

Hatzigeorgiou Paschalitsa – Manager of Finance Division > Graduate of Political Science and Public Administration, > He has been working with the Company for 22 years, > Coordinates and manages the accounting and related commercial activities with the support of an external finance advisor

20191120_Sale of BIMEKAT_CIM_vf.pptx 26 D. Growth opportunities D GROWTH OPPORTUNITIES Significant large scale investments in the area should boost demand for businesses that are in the core of the Company’s operations

Highlights (1/3)

Large-scale investments in energy

> Large privately held company plans to invest ~ €300m for a new CCGT plant in Komotini > A second CCGT power plant is planned in the area from a different private investor > Development of the FSRU Natural Gas Floating System in Alexandroupoli > DEDA plans to build a low-pressure gas network in E. Macedonia and Thrace with a budget of €140m over the next five years > DESFA will build new compressor stations for TAP and IGB high-pressure gas system in Kavala

Large-scale investments in infrastructure

> Upgrade of the port of Alexandroupoli and connection of the port with the rail network system > Upgrade of the commercial and passenger ports of Kavala > Construction of a new border station at Kipoi, > Construction of the new vertical road axis 70 (that connects -Echinos-Greek-Bulgarian border)

20191120_Sale of BIMEKAT_CIM_vf.pptx 28 D GROWTH OPPORTUNITIES In addition, there is already sufficient visibility in medium and small scale projects in the Company’s area of expertise

Highlights (2/3)

Investments in smaller scale energy projects

> Investments for a low enthalpy geothermal plant and of the associated pipe network for heating local greenhouses at the geothermal field of Aristinou

Installation of new military infrastructure in

> Deployment of a permanent US military base in the port of Alexandroupolis for logistics support in the region > Possible establishment of a military helicopter base in the same area

Investments in the mining sector

> Development for the gold mine of Perama is expected to generate €105m turnover for the local industries

20191120_Sale of BIMEKAT_CIM_vf.pptx 29 D GROWTH OPPORTUNITIES Apart from specific projects, business support mechanisms are expected to also support, directly and indirectly, the Company

Highlights (3/3)

State support schemes aiming at boosting demand

> New ESPA, LEADER and new development law -related programs that currently run have very favorable terms for local businesses and households and are already increasing demand for steel structures and energy saving projects

State support schemes aimed supporting the Company's modernization

> The Company, due to its size and location, is eligible for financial support in several areas, such as: – New building expansion and modernization of existing spaces – Acquisition of new machinery and equipment – Modernization of existing mechanical installations – Landscaping - regeneration of the surrounding area > The availability of financial support of the Company provides an excellent opportunity for the owners to refurbish a functional business to their exact specifications and to accelerate the recovery of funds invested

20191120_Sale of BIMEKAT_CIM_vf.pptx 30 E. Financial statements F APPENDIX Estimation of the current value of the Company The purchase value of property, plant and equipment (estimate) Inventory of materials (28/02/2021) Assets category Estimated value [EUR] Category Estimated value [EUR] Raw materials (Irons-Panels-etc.) 40.000,00 Plot 171.000,00 Ready-made products 10.000,00 BUILDINGS 785.000,00 Portable Pellet unit 100kW 18.000,00 HEATING INSTALLATION 22.000,00 WATER SUPPLY INSTALLATION 5.500,00 Furniture-Utensils-Appliances 12.000,00 SEWERAGE INSTALLATION 4.400,00 Products of various warehouse materials 58.700,00 ELECTRICAL LIGHTING 17.600,00 Total 138.700,00 ELECTRICAL MOVEMENT OF ENGINEERS 35.100,00 Other income (28/02/2021) FIRE SAFETY 13.900,00 Category Estimated value [EUR] COMPRESSED AIR 14.500,00 LIGHTNING ROD 6.000,00 Income from sales of PV power generation 880.000,00 Security cameras 9.500,00 (sum of 11 years) NETWORK - COMPUTERS 8.500,00 Income from OAED (Government Gazette 4014 / 183.360,00 PV SYSTEM 100 Kw 100.700,00 Β / 18-9-2020) PV System 150 Kw 181.800,0 Income from OAED 2016-2020 85.000,00 PV System 20 Kw AUTONOMOUS 54.660,00 Judicial claims 234,300,00 SURROUNDING SPACE 110.000,00 Total 1.382.660,000 TRUCKS-CARS 110.000,00 Expenses (28/02/2021) WORK PLATFORMS - CLARK 69.000,00 Category Estimated value [EUR] MACHINERY-EQUIPMENT 298.000,00 Bank loans(PV revenue has been allocated) 845.000,00 SUPPLEMENTARY MACHINES 52.100,00 Expenditure on insurance funds, government, Total 2.069.260,00 suppliers, payroll & checks 200.000,00 Σύνολο 1.045.000,00 Intangible assets (estimation) Net Company Value Category Estimated value [EUR] General Assets - Income 3.790.620,00 Goodwill 200.000,00 General Expenses 1.045.000,00 Total 200.000,00 Net positive Value 2.745.620,00

20191120_Sale of BIMEKAT_CIM_vf.pptx 32