Hellenic Republic Asset Development Fund: With Three (3) Expressions of Interest From High Quality Bidders, the Greek Lottery Privatization Tender Proceeds to the Next Stage

Detailed Expressions of Interest have been received from:

The tender, launched on November 1 , 2011, relates to the award of a 12-year exclusive licence to operate and manage the State Lotteries, which comprise the National Lottery, the Popular Lottery, the European Lottery, the Instant State Lottery (Scratch & Win), the Housing State Lottery and management of the New Year's Lottery. 

Commenting on today's announcement Costas Mitropoulos, CEO of the Hellenic Republic Asset Development Fund, said: "  

Following the evaluation of the Expressions of Interest and the shortlist of the selected candidates fulfilling the criteria set during the first stage of the process, the HRADF will issue them with the tender documents of the second stage.

Credit Suisse Securities ( Europe ) Limited and Eurobank EFG Equities Investment Firm S.A. are acting as financial advisors to the Hellenic Republic Asset Development Fund on this tender.

For further information and updates please refer to the Hellenic Republic Asset Development Fund's website (http://www.hradf.com).

Louise Tingström
tingstrom@mcomgroup.com
+44-20-7920-23-37

Charlotte McMullen
mcmullen@mcomgroup.com  
+44-207-920-2349