Group Presentation

June 2009 DISCLAIMER

These preliminary materials and any accompanying oral presentation (together, the “Materials”) have been prepared by Mytilineos Holdings SA (the “Company”) and are intended solely for the information of the Recipient. The Materials are in draft form and the analyses and conclusions contained in the Materials are preliminary in nature and subject to further investigation and analysis. The Materials are not intended to provide any definitive advice or opinion of any kind and the Materials should not be relied on for any purpose. The Materials may not be reproduced, in whole or in part, nor summarised, excerpted from, quoted or otherwise publicly referred to, nor discussed with or disclosed to anyone else without the prior written consent of the Company.

The Company has not verified any of the information provided to it for the purpose of preparing the Materials and no representation or warranty, express or implied, is made and no responsibility is or will be accepted by the Company as to or in relation to the accuracy, reliability or completeness of any such information. The conclusions contained in the Materials constitute the Company’s preliminary views as of the date of the Materials and are based solely on the information received by it up to the date hereof. The information included in this document may be subject to change and the Company has no obligation to update any information given in this report. The Recipient will be solely responsible for conducting its own assessment of the information set out in the Materials and for the underlying business decision to effect any transaction recommended by, or arising out of, the Materials. The Company has not had made an independent evaluation or appraisal of the shares, assets or liabilities (contingent or otherwise) of the Company .

All projections and forecasts in the Materials are preliminary illustrative exercises using the assumptions described herein, which assumptions may or may not prove to be correct. The actual outcome may be materially affected by changes in economic and other circumstances which cannot be foreseen. No representation or warranty is made that any estimate contained herein will be achieved.

2 AGENDA

• Group Overview

• Financial Review

• Areas of Activity • & • Energy • Procurement Construction (EPC)

• Stock Data

• Summary

3 Group Overview

4 GROUP HISTORY

1908: Company 1998: Hostile acquisition of 2005: Acquisition of 2007: Merger by absorption founded by S.A. the leading electromechanical and Aluminium of S.A. one of and Mytilineos family metallic construction company in of the largest vertical Delta Project by Mytilineos members in Greece. integrated alumina and Holdings. Delisting of both , Greece. aluminium producers in Europe. subsidiaries. 2000: Participation in state – owned ELVO S.A., major supplier of the 2007: Strategic Partnership Hellenic Armed Forces of trucks, with Endesa. Endesa (Hellas) armoured vehicles and other is created – a reference player appropriately modified military in the Greek Energy Market vehicles. seeking to expand into S.E. Europe.

1908-1994 1995-1997 1998-2000 2002 2005 2006 2007 -2008

1995: Company listed 1998: Acquisition of 2002: Establishment of 2006: Acquisition of 2008: Motor Oil and on the Athens Stock Romania - based Sometra Mytilineos Power Delta Project S.A. a Mytilineos Group sign Exchange. S.A. the largest South Generation and Supplies company engaging in major deal in the Energy Eastern Europe’s Lead S.A. (MPGS). and the development, Sector to construct and 1996: Signing of (Pb) and Zinc (Zn) Mytilineos Hellenic Wind construction and operate a 437 MW CCGT. strategic agreements producer. Power S.A. (MHWP). operation of with metal, mining & hydroelectric power 2008: COGEN successfully mineral companies in 1999: Acquisition of stations and wind dispatched. The first thermal Southeast Europe. Cyprus-based Hellenic parks. power plant of Mytilineos Copper Mines. Group has started its commissioning period.

Source: Company Information.

5 GROUP OVERVIEW

• Largest Aluminium (Al) and Alumina (Ox) producer in South Eastern Europe with international Metallurgy presence through Aluminium of Greece S.A. & Mining • Second largest Bauxite producer in Greece through Delphes-Distomon S.A.

• Endesa Hellas: JV with Endesa, with a significant portfolio in the pipeline and under construction and a well balanced mix between thermal and RES soon to become the largest independent power operator in Greece. Current Portfolio includes: – 334 MW CHP – Combined Heat & Power Plant in Viotia Region (in operation). – 444 MW CCGT – Merchant Power Plant in Viotia Region (to be completed by March 10). – 437 MW CCGT – Merchant Power Plant in Korinthos Region (to be completed by April 11). Energy – 437 MW CCGT – Merchant Power Plant in Volos Region (to be completed by January 12). – Portfolio of Renewable Energy Generation Assets (RES) (Wind parks, Hydroelectric Power Stations and Photovoltaic Parks) of total capacity of 1,000 MW. 45MW RES in full commercial operation. – Electricity Trading Licence of 310 MW. – CO2 Emission Trading Platform. – Production Licence for a 600 MW Coal – Fired Power Plant in Viotia Region.

• Leading Greek EPC company through METKA S.A. and Subsidiaries and one of the most EPC reliable EPC Contractors throughout Europe.

Source: Company Information.

6 GROUP’S CORPORATE STRUCTURE

Mytilineos Holdings

Mkt Cap: € 660 mn

METALLURGY & MINING ENERGY EPC VEHICLE54.0% MANUFACTURING

ALUMINA & ALUMINUM ENDESA (HELLAS) METKA ELVO (Ox & Al Activity) (49.99%) (56,6%) (43%) (100%) Mkt Cap: € 423 mn DELPHI DISTOMON (Bauxite Activity) (100%)

Non Core Sector

Source: Company Information. Note: Market data 20 May 2009. METKA is the only remaining listed subsidiary. 7 Financial Review

8 FINANCIAL REVIEW

Balance Sheet ¾ Solid Balance Sheet. ¾ Healthy Debt to Equity Ratio. Fixed Assets ¾ Substantial Growth of Equity. 902

773

Total Equity 2008 857 2007 634

2006 283 779 901 708 800 2005 877 Current Assets 281 868 238 2004

103 194 542 509 132 302 166 66 402 196 185 268 368 631 219 367 Short Term Liabilities Net Debt 501

Long Term Source: Company Information. Liabilities 9

* Net Debt = Debt – Cash Postion. To note that Net Debt does not include the share % of the Group in Endesa. FINANCIAL REVIEW

Financial Performance

Evolution of Group Turnover, EBITDA & Earnings after Taxes

(in € mn) Turnover EBITDA EBITDA% Turnover EAT EAT % 1,200 25.0% 1,200 40.0% 21.2% 34.3% 22.3% 35.0% 1,000 1,000 20.0% 30.0% 16.9% 800 800 13.5% 25.0% 15.0% 23.1%

600 12.1% 600 20.0% 18.8% 976 976 913 10.0% 913 837 837 15.0% 400 747 400 747 6.4% 10.0% 5.0% 200 200 311 311 256 5.0% 187 211 3.2% 42 158 154 118 20 157 31 0 0.0% 0 0.0% 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008

Equity Ne t De b t Ne t De b t / Eq u it y Current Assets Current Liabilities Current Ratio 1,000 50.0% 43.2% 1,000 2.5 900 45.0% 2.4 40.7% 900 800 40.0% 33.5% 800 1.8 2.0 700 35.0% 700 1.5 600 30.0% 600 1.4 1.5 500 25.1% 25.0% 901 500 1.3 400 779 800 20.0% 877 868 708 400 1.0 300 15.0% 300 631 9.3% 542 509 200 10.0% 367 200 402 0.5 268 368 100 238 196 5.0% 281 302 103 66 100 194 0 0.0% 0 0.0 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008 10 Source: Company Information. Areas of Activity Metallurgy & Mining

11 M & M – BUSINESS OUTLOOK Alumina & Aluminum

Business Overview Operational & Financial Overview

tn • Facilities established in 1960’s. Leading industrial OX AL producer of alumina and aluminium in South 900,000 Eastern Europe. 800,000 • Production facilities occupy an area of 7,035,700m2 and constitute a vertically integrated production 700,000 unit. 600,000 • Owner of port facilities for large tonnage ships. 500,000

400,000 782,000 780,000 788,900 771,769 Key Strengths 300,000 200,000

100,000 • Low cost production base in Europe both for 165,300 164,500 168,000 162,339 Alumina and Aluminium - production in half of cost 0 curve in Europe. 2005 2006 2007 2008 • Enough alumina to cover own aluminium production Turnover EBITDA EAT % EBITDA needs and to export 460,000 tn per annum. € mil 500 23.4% 25.0% • 10-year contract with Glencore AG regarding 100% of excess alumina production. 450 20.7% 400 20.0% • Steam is produced by the 334 MW CHP Plant of Endesa Hellas, 50% owned by Mytilineos Group. 350 15.5% • Exploitation of bauxite reserves by the 100% 300 15.0% owned subsidiary Delphes – Distomon S.A. covering 250 half of its Bauxite requirements. Long term 471 471 10.4% 469 contracts with other suppliers (Alcan, S&B, Glencore 200 10.0% AG). 382 150 • Efficient risk management strategy. The Group acting proactively secured Aluminum sales in prices 100 5.0% well above current market levels for 2009 and 2010. 110 50 79 Hedging book currently valued over $300m. 52 7773 3749 20 0 0.0% 2005 2006 2007 2008 Source: Company Information. 12 M & M – BUSINESS OUTLOOK

Aluminum Cost Analysis

Total Market AoG

Average Total Other Average Total Other Delivered Costs 9% Delivered Costs 15% Alumina Cost Alumina Cost Labour Cost 6% 25% 40% Labour Cost 10%

Other Raw Total Energy Materials Cost Cost 29% 10% Other Raw Total Energy Materials Cost Cost 40% 16%

€mil AL Division – Cost Structure

140 45% 40% 120 35% 100 30% 80 25%

60 20% 15% 40 10% 20 5% 10912473100 109 6795 107 59 82 72 63 78 57 75 0 0% 2008 2007 2006 2005 2004

Raw M. Energy Fabrication 13 Source: Company Information. Raw M.% Energy% Fabrication% M & M – INDUSTRY OUTLOOK

Alumina & Aluminum

Alumina Supply (2008) Aluminium Supply (2008)

Total Market 79 MT Total Market 40 MT

No r t h A m e r ic a CIS 8% C&S America C&S America 7% Australia 6% 7% No r t h A m e r ic a 20% Europe 7% 14% Africa 4%

Asia 33% Europe 25% Australia 25%

Africa 1% Asia 44%

Alumina Demand (2008) Aluminium Demand (2008)

Total Market 78 MT Total Market 38 MT

C&S America Australia CIS 4% C&S America 1% North America Australia 12% 7% Africa 16% 6% North America 1% Africa 15% 4%

Europe Europe Asia 24% Asia 14% 54% 42% 14

Source: CRU ANALYSIS. M & M – INDUSTRY OUTLOOK

Aluminum

Total Stocks vs AL Price Supply vs Demand ktn $/tn ktn ktn

5,000 3,500 40,500 2,000 1,834 40,000 1,800 4,500 3,073 1,600 2,934 3,000 39,500 2,822 2,791 1,400 4,000 2,685 2,642 39,000 1,200 2,500 2,435 2,394 3,500 2,350 38,500 1,000 800 2,000 38,000 3,000 600 37,500 400 2,500 1,500 37,000 289 38,126 37,83739,967 38,134 200 1,453 36,500 0 2,000 1,000 2007 2008 Jan-07 Mar-07 Jun-07 Sep-07 Dec-07 Jan-08 Mar-08 Jun-08 Sep-08 Dec-08 Total World Supply Total World Demand World S/D Balance Total Stocks LME Cash Price ($/t)

• Global surplus has reached nearly 1.8 Mt in 2008, 6 times as large as the surplus of 2007.

• With demand outlook remaining poor, stocks still rising and more than 60% of global production above current LME 3M prices additional cutbacks on the supply side are expected.

• Long term the main underlying factors pressuring production costs remain intact.

15 Source: CRU ANALYSIS. Areas of Activity Energy

16 ENERGY - INDUSTRY OUTLOOK The Greek Electricity Market

Key Characteristics and Trends Future Outlook

¾ Consumption has grown with a yearly average of 3,7% in the decade ¾ The low demand scenario of HTSO predicts a 2,5% yearly Demand 1998-2007, peaking during the summer (strong air cooling penetration growth rate in demand up to 2012. However, the economic in the commercial and residential sectors). slump could keep the growth rate for 2009-2010 around zero.

¾ The percentage of domestic lignite in generation, in the interconnected ¾ Lignite will remain a cornerstone, though its share will Supply System, is around 56-60%, and Greece has reserves for another 50 decrease. years. ¾ All the new capacity up to 2012, at least, will be in CCGTs ¾ Gas’s share is rising, 25,4% in 2007 and 26% in 2008, as most planned and perhaps some hundreds MW of OCGTs. recent investments have been in CCGTs. Greece is importing gas ¾ Renewable generation is also set to rise as a very favorable (DEPA), mainly from Russia and Turkey via pipeline and LNG from framework has been put into place. Feed-in tariff for the Algeria and occasionally from the spot market. energy and up to 40% subsidy for construction of wind and ¾ Wind only accounts for 3 percent of the mix, but Greece relies on solar parks. important wind and solar potential and strong incentives estimated at ¾ Imports rise even though Bulgaria has closed two nuclear more than 6 GW. units. New nuclear capacity in Romania, high prices in ¾ Greece is not self-sufficient as it relies on imports between 7 and 11 Greece and new interconnection lines in region will keep percent of its consumption. that trend.

¾ Remaining capacity will be decreased in the next couple of ¾ Remaining capacity (UCTE definitions) is positive throughout the year, Market years with few new capacity coming online. Equilibrium and higher than 5% of net generating capacity but remaining margin is negative in July-August period.

¾ PPC is the incumbent with >99% market share in retail and around 95% ¾ PPC is looking for strategic partners to finance new Competitive in the wholesale market. Currently, there are 3 independent units in the commissioning plan. Dynamics market but PPC has overtaken the operation of Heron’s 147 MW OCGT. ¾ Private players might concentrate. ¾ Foreign players have entered the market since 2006, teaming up with local (non-operator) investors (Endesa-Mytilineos, Edison-ELPE, …). Mytilineos has replaced Iberdrola in the the joint venture with Motor-Oil. GDF-Suez will cooperate with the Greek company Terna. 17 Source: Endesa Hellas. ENERGY - INDUSTRY OUTLOOK The Greek Electricity Market Capacity per Technology GW Demand Peak 2,7% p.a. 70,000 12,000 16 4,0% 15.3 14.6 p.a. 13.8 13.9 14.1 14 60,000 10,000 12.4 12.7 11.6 12.1 12 10.9 10.9 50,000 8,000 10 Peak MW Peak 8 40,000 6,000 6

Demand GWh 30,000 4,000 4 2 20,000 2,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 10,000 0 Coal Oil Natural Gas Hydro Renewables 2000 2002 2004 2006 2008 2010

Capacity per Technology %

45% 41% 41% 40% 39% 39% 40% 38% 35% 35% 34% 35% 33% 30% 30% 28% 28% 27% 25% 25% 25% 25% 24% 24% 23% 22% 21% 20% 18% 18% 18% 18% 18% 18% 17% 16% 16% 16% 15% 15% 26% 21% 10% 19% 19% 19% 15% 14% 13% 14% 5% 10% 10% 2% 2% 3% 4% 4% 5% 6% 6% 7% 8% 8% 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 18 Coal Oil Natural Gas Hydro Renewables Source: Endesa Hellas. ENERGY - INDUSTRY OUTLOOK The Greek Electricity Market

Projected (De)/Commissioning schedule for all players in Greece

Strategic Plan of PPC (November 2007)

MW 2008 - 2010 2011 - 2020

5.502

2.108 GAP 1.466-1.966 40% of current 1.772 2.500 system 3.394 738 3.000 1.034

Commissioning Decommissioning New Net New Net New Net Commissioning Decommissioning Capacity Capacity Capacity Planned Needed Planned

19 Source: Endesa Hellas. ENERGY – BUSINESS OUTLOOK

Endesa Hellas Strategic Partnership Overview – a Euro 1.2 bn Company is Formed

• Mytilineos’ assets valued at Euro 600 mn. • Endesa participates in Endesa Hellas through consecutive share capital increases already effected – to be finalized within November 2008.

• Endesa Hellas valued at € 1.2 bn, while enjoying significant financial firepower to fund its ambitious expansion programme.

Endesa Mytilineos

ENDESA HELLAS • Cash (€ 600 mn) • Assets (Valued at € 600 mn)

Total Firing Power • The two parties have agreed to leverage the company 60:40 Debt/Equity – raising € 1.8 bn to invest in Greece and SE Europe territory (Albania, € 3 FYROM, Bulgaria, Turkey, Cyprus). bn 20

Source: Endesa Hellas. ENERGY - BUSINESS OUTLOOK

Endesa Hellas – Generation (2008 – 2012)

Installed Generation Power MW

Volos 2,000 1,928 MW 1,928 MW

CCGT Target Greek 437 MW Market Share 1,417 MW 14% Korinthos RES

CCGT 74 MW St. Nicholas 437 MW GAS 966 MW 1,000 RES 1,652 MW

CCGT 14 MW 444 MW 406 MW RES 379 MW RES 116 MW CHP 27 MW 334 MW RES 276 MW RES 45 MW 2008 2009 2010 2011 2012 2012 21

Source: Endesa Hellas. Areas of Activity EPC

22 EPC - INDUSTRY OUTLOOK Greece, SE Europe and Developing Markets

Fundamentals Prospects

„ Greece • Power consumption growing at significant rate – • PPC Megalopolis 800MW CCGT – part of PPC’s historically low reserve margins. 3,000MW+ new-build program up to 2014 of total • Reduced availability of power for import. estimated CAPEX of €4bn. • Majority of existing capacity is old and inefficient. • EPC for Endesa Hellas investment portfolio: 437MW IPP plant in Volos; 395MW IPP in Korinthos.

„ South-East • EU membership and convergence entail increased • SEE: 11,000 MW new capacity needed up to 2020. power consumption. Rehabilitation of 11,500 MW of existing generation - & Central • Low rainfall: reduced hydro generation. €4.8bn** „ Europe, • Nuclear plant closures (Bulgaria). • Turkey: major investments in gas and indigenous coal „ Turkey • Years of near zero investment. plants.

„ Middle East • Emphasis on mega-projects in the Gulf. • Combined cycle projects across the Middle East. • Gas for power generation becoming scarce – • Numerous Integrated Water & Power Plant (IWPP) increased need for fuel efficiency. projects in the Gulf.

„ Developing • Generally strong growth and even stronger • Pakistan: multiple IPP projects under development. fundamental demand for power. Countries • Power shortages common. • Massive need for energy infrastructure investments, often on fast-track basis.

23

**Source: EC/World Bank, GIS for SEE report, 2004-05. EPC – INDUSTRY OUTLOOK

Credit Suisse Global Infrastructure Survey on investment plans evolution covering 300 Utilities globally. Investments Plans over 2009

• Economic downturn impacts investment plans. Spending has only marginally deteriorated.

• Evidence that interest on coal powered generation equipment retreats and a shift is noticed towards natural gas and clean power technologies.

• The priorities set by the various fiscal spending programs around the globe are expected to play an important role in the coming future.

24 Source: Credit Suisse. EPC – BUSINESS OUTLOOK METKA

Business Overview Financial Overview

• METKA S.A., 56.6% owned by Mytilineos Holdings, is a leading EPC € mil Contractor with international profile. Turnover Analysis Energy Infrustructure Defence • Listed in the Athens Stock Exchange (ASE) since 1973. 350 • METKA is involved in: – Energy 300

» Complete power plants: engineering, 250 procurement, construction (EPC) scope. » EPC Contractor or consortium with technology 200 suppliers. – Infrastructure 150 297 » Focus on technically demanding infrastructure 100 212 196 applications. 165 » Complex steel structures, mining & minerals, 50 61 port equipment, refinery & petrochemical. 27 3341 4248 40 23 – Defence 0 2005 2006 2007 2008 » Manufacturing co-production with defence Turnover EBITDA EAT % EBITDA majors. € mil » Land defence systems. Major supplier of the 450 30.0% Hellenic Armed Forces. 400 24.0% 25.0% 350 20.7% Key Strengths 20.1% 300 20.0% 17.5% • Significant international presence. World class manufacturing capability with high value-added profile. 250 15.0% • Strong demand from developing countries. 200 381

• Strong backlog currently at €1.5 bn – Earnings Visibility & Stability. 150 295 284 10.0% 225 • Net Cash position – High cash flow generation. 100 5.0% • Close ties with all world-class technology providers, including GE, 50 Alstom, Siemens etc. 67 54 3761 4157 37 45 • Three state-of-the-art facilities with 600 highly skilled and 0 0.0% 2005 2006 2007 2008 experienced personnel with excellent know-how. 25 Source: Company Information. EPC - BACKLOG

Strong Backlog – Visibility – International Profile

PPC ¾ PPC: 417 MW in Aliveri, Natural Gas Fired combined cycle. Alstom 12% sub supplier for the main equipment. Contract value of €219 m. PROJECTS ABROAD 62% €1.5 bn ¾ ENDESA HELLAS : 444 MW in Ag. Nikolaos, Natural Gas Fired combined cycle. GE sub supplier for the main equipment. Contract

ENDESA HELLAS value of €232 m. 26% ¾ OMV PETROM: 860 MW in Romania, Natural Gas fired. 50-50

Consortium with GE. Contract value of €210 m.

¾ PEEGT: 700 MW in Syria, Natural Gas fired. METKA leader of

Consortium with Ansaldo. Contract value of €650 m (contract

€ mil Backlog - Sales Evolution award).

1,600 1,460 ¾ KORINTHOS POWER: 437 MW in Ag. Theodoroi, Natural Gas Fired 1,400 1,200 combined cycle. GE sub supplier for the main 1,000 equipment. Contract value of €285. 800 605 600 450 381 295 400 225 230 284 200 165 212 196 297 0 2005 2006 2007 2008

Backlog Evolution Group Sales of which EPC Sales 26

Source: Company Information. Stock Data

27 STOCK DATA – MYTILINEOS HOLDINGS S.A.

Share Price Information Dividend Distribution Table

(€ mn) 2003 2004 2005 2006 2007 2008 • Market Cap: € 660 mn • Avg. Trading Value: € 2.1 mn Profit After Taxes 10.308 14.399 44.834 52.632 161.073 21.592 • Total No of shares: 116,984,338 • Free Float: 61% Total Dividend 4.052 8.104 16.208 24.312 59.662 11.698 • Listing FTSE/ASE 20, FTSE Med 100, MSCI Small Dividend Payout % 39.3% 56.3% 36.2% 46.2% 37.0% 54.2% Cap and HSBC Small Cap

Stock Symbols Dividend Per Share (€)

• ASE: MYTIL • Reuters: MYTr.AT • Bloomberg: MYTIL GA

0.51 Shareholder Structure

Greek Institutional 0.21 Investors 11.3% 0.14 0.10 0.03 0.07 Mytilineos 0.02 Family 30.3% Retail 33.5% 2002 2003 2004 2005 2006 2007 2008 Dividend

Notes: Data as of 20 May 2009. Source: Company Information. Treasury 28 Stock 8.9% Foreign Institutional Investors 16.0% STOCK DATA – METKA S.A.

Share Price Information Dividend Distribution Table

(€ mn) 2003 2004 2005 2006 2007 2008 • Market Cap: € 423 mn • Avg. Trading Value: € 0.5 mn Profit After Taxes 11.202 16.371 34.339 40.764 37.288 44.785 • Total No of shares: 51,950,600 • Free Float: 43.4% Total Dividend 8.312 10.390 15.585 20.780 25.975 20.780 • Listing FTSE/ASE Mid-40, FTSE Med 100, MSCI Small Dividend Payout % 74.2% 63.5% 45.4% 51.0% 69.7% 46.4% Cap and HSBC Small Cap

Stock Symbols Dividend Per Share (€)

• ASE: METK • Reuters: MTKr.AT • Bloomberg: METTK GA Capital Return 1.35

Shareholder Structure

Retail 11.9% Mytilineos Holdings 0.50 Greek 56.6% Institutional 0.40 0.40 Investors 14.0% 0.30 0.20 0.16 0.16

Foreign Institutional 2002 2003 2004 2005 2006 2007 2008 Investors 17.5% Dividend Notes: Data as of 20 May 2009. 29 Source: Company Information. Summary

30 STRATEGY

Strategic Focus

Explore investment • Bauxite Residue opportunities in SE Treatment Facility. Europe, North Africa, • Aluminum Wagstaf - Middle East through Growth Enhancement of the organic growth and/or Final Product. acquisitions in all Options • CAPEX in the Energy sectors of activity. Sector over € 1bn within the next 3 years.

EBITDA margins around Project • Largest vertical integrated 12% and EBITDA over € Pipeline Alumina and Aluminum 110 mil. producer in SE Europe. • CHP Plant 334MW. • RES 45 MW. Fianancial Strength and • 444 MW / 437 MW CCGT’s Discipline (under construction). • World – class manufacturing capabilities in EPC. Awards and recognition for community safety Significant Assets and environment. Very valuable operating assets.

3,000 employees, Licence to Operate operations and project contractors.

People 31

Source: Company Information. SUMMARY

Investment Highlights

• With a well balanced business portfolio the Group is well placed:

– To benefit from the imminent liberalization of the domestic energy market.

– To benefit from the massive need for energy infrastructure investments in the wider SE Europe region.

• Good organic growth potential in all areas of activities to maintain strong cash flows and support future CAPEX.

• Attractive Debt/Equity ratio to support further expansion.

• The company has issued a bond loan up to €465 mil. in order to secure adequate funding requirements necessary for executing its demanding development plan.

• Strong Cash flows supported significantly by the effective risk management strategy.

• Growth projects are gathering momentum and remain largely on track.

• Attractive dividend policy.

• Successful management’s track record in value creation through a series of value enhancing deals. 32 Source: Company Information. CONTACT INFORMATION

Nikos Kontos Dimitris Katralis Group Investor Relations Officer Financial Analyst Email: [email protected] Email: [email protected] Tel: +30-210-6877395 Tel: +30-210-6877476 Fax: +30-210-6877400 Fax: +30-210-6877400

Mytilineos Holdings S.A. Mytilineos Holdings S.A. 5-7 Patroklou Str. 5-7 Patroklou Str. 15125 Maroussi 15125 Maroussi Athens Athens Greece Greece Tel: +30-210-6877300 Tel: +30-210-6877300 Fax: +30-210-6877400 Fax: +30-210-6877400 www.mytilineos.gr www.mytilineos.gr www.metka.gr www.metka.gr

33