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COOPERATION OF STRATEGIC IMPORTANCE BETWEEN ELGEKA - COSCO

ELGEKA Group - via its subsidiary DIAKINISIS SA. - signed an agreement of major importance with COSCO PCT. The deal concerns a project of loading-unloading and trafficking of containers arriving at Piraeus Port, and particularly at pier II, which has been handed over to COSCO PCT for the next 35 years.

This cooperation is of particular importance at a national level, since it constitutes one of the first agreements signed within the framework Greece's wider cooperation with COSCO group, and shapes the proper conditions for the further growth of the business relations between Greece and China. The importance of this particular agreement was sealed with the visit of Capt. Wei Jiafou, Chairman and CEO of COSCO at the premises of DIAKINISIS.

Mr. Alexandros Kasiotis, Chairman of ELGEKA Group of companies, made the following statement: "In the midst of a crisis period, like the one Greece currently faces, it is extremely important for a Greek company to proceed with this kind of deals, which "pave" the way for further growth in future cooperations at a national level as well".

The broadening of the cooperation between the two Groups arose after their successful cooperation, which began at the end of March 2010 and lasted for two months. During this cooperation, DIAKINISIS demonstrated consistency, accuracy and efficiency, providing a reliable partner for the Chinese group.

DIAKINISIS' organization and infrastructures, along with the support provided by the Group ELGEKA, which recorded €318 million gross income in 2009 and employs 1750 people, led to its selection by COSCO as the key partner sought for the implementation of its business plans in Piraeus Port.

Company Profiles for DIAKINISIS SA and ELGEKA Group of Companies:

DIAKINISIS SA
DIAKINISIS is the leader in the 3PL sector (Third-Party-Logistics) in the Greek market, providing logistics services and full Supply Chain Management services. The company covers the constantly increasing demands of the sector, with continuous investments that secure full infrastructures, in building premises and mechanical equipment, in distribution systems and vehicles as well as in SAP systems. DIAKINISIS is part of ELGEKA Group of Companies since 2007 and employs 600 people.

ELGEKA GROUP OF COMPANIES

ELGEKA SA, one of the largest Greek commercial companies in the food sector, was founded in 1974 and employs 1750 people. The company provides to its partners, customers and suppliers a full system of commercial services in Sales, Marketing, Trade Marketing and Logistics. ELGEKA Group of Companies includes, among others, the following companies: Diakinisis, Viotros, Sambrook and Medihelm. Overall, the group operates in five different business sectors:

1. Trading of food and other consumer goods
2. Production of food and other consumer goods
3. Trading and provision of pharmaceutical sector services
4. Provision of Logistics services
5. Handling/ Exploitation of real estate property

    Ministry of Development & Competitiveness
General Secretary of Commerce - Directorate of Societe Anonyme Companies & Credit
No G.E.MI.: 57298604000
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