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Investor Presentaiton

Greek economy outperforming expectations Key recent macroeconomic highlights GDP growth (%, y-o-y) Total Passenger Traffic AIA (%, y-o-y) Vaccinations (% of total population) Economic Sentiment Indicator (period average) Retail Trade (volume, nsa, %, y-o-y) Manufacturing Production (%, y-o-y) Private Building Activity (volume, %, y-o-y) Residential Prices (%, y-o-y) Latest Comments -2.3% (1Q21) >5% (2021f) ■>5% growth projected for 2021; activity expected to bounce back from Q2 371.2% 107.5% (2Q21) (Jul 21) 56.8% (Aug 23, 2021) 100.8 (Jan-Jul 21) 8.1% (Jan-May 21) 8.5% (Jan - Jun 21) 53.0% (Jan-May 21) 3.2% (1Q21) ■ Arrivals exceeding expectations: first week of August >70% of 2019 levels. ■ New government initiatives in place targeting improvement in uptake ■ ESI higher at 100.8 compared to equivalent 2020 levels of 100 ■ +15.3% y-o-y in May, second month with growth post five negative reads Continuous growth since Nov 2020 shows improving operating conditions Sharp increase reflecting the resilience of the construction sector ■ Accelerating growth in house prices despite pandemic toll on activity Sources: AIA (Athens International Airport), Bank of Greece, ELSTAT, European Commission, Ourworldindata.org 4 ALPHA SERVICES AND HOLDINGS
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