DEVELOPMENT PROJECTS AVAILABLE TABLE OF CONTENTS



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September 2005

DEVELOPMENT PROJECTS AVAILABLE TABLE OF CONTENTS 1. THE AFANDOU GOLF ESTATE page 1 2. FALIRON MARINA page 3 3. CORFU CASINO page 5 4. THE ANAVYSSOS ALYKES ESTATE page 6 5. HOTELS - VIT XENIA HOTEL page 8 - _SAGARADA XENIA HOTEL page 9 - SKIATHOS XENIA HOTEL page 10 - THASSOS XENIA HOTEL page 11

1. THE AFANDOU GOLF ESTATE The Afandou property extends at the eastern coast of Rhodes Island, just 20 km from the island s capital city, where the marvelous Old Town lies. Afandou beach, covered with fine pebble, is among the most beautiful and cleaneast beaches of Southern Mediterranean. The location of the resort is very convenient for the visitor, as it is only 20 km from Lindos, where one can visit the stunning Acropolis of the town, 7 km from the Thermal Springs of Kallithea, 7 km from the wonderful area of the Seven Springs, and just a few km from the Faliraki and Tsambika beaches. The Afandou Golf Estate is endowed with all the amenities of a high standard championship golf course in combination to the beautiful landscape of Rhodes' surroundings. The total surface of the Property is approx. 1.400.000 sq.m., and the coastal zone is approx. 4.000 m. The property includes old establishments of a hotel unit, an 18-hole golf course of approximately 550.000 sq.m., designed by the renowned golf architect Donald Harradine, active since 1973, as well as semi-finished establishments of a club house. On the 18th-20th km of the national central road/20 km from the city of Rhodes. Ships depart frequently. Rhodes Airport at 20 km.

The TDC SA s objective is the development of the Afandou Golf Estate as a high standard integrated holiday resort and in this context: - The upgrading of the existing 18 holes golf court - The development of a new 9 holes golf court as well as the unfolding of modern tourist infrastructure (hotels, villas, spa, supporting facilities and other complementary operations) As above, based on an integrated Development Plan, AFANDOU RESORT could offer a very high-standard 12month leisure, in a place designed to meet all possible needs.

2. FALIRON MARINA Faliron Marina is considered the most modern marina in Greece. This high-standard marina is perfectly located at Faliron Bay close to the center of Athens and it is easily reached both from the center of Athens as well as from the harbor of Piraeus and El. Venizelos International Airport. It also gives easy access to all major road conjunctions, avenues and motorways as the area of Faliron is distinguished of considerable economic wealth, where many major Olympic installations are also situated. 6 km from Athens Center, 4 km from Piraeus center. Piraeus Railway Station at 4 km, - and Neo Faliron Tram Station at 500 m. Athens El. Venizelos International Airport at 24 km. Faliron Marina is constructed using the latest technology (works finished 06/2004) and it is designed to provide very high standard services for demanding yacht owners, as well as a sheltered and safe environment for boats. The marina accommodates up to 232 yachts with a maximum draught of 120 meters (mega-yacht). All berths are supplied with pillars that provide electricity, water and telephone line operating 24h a day with automatic flow meter indicators. Small yachts (up to 15 meters) can be automatically charged from the pillars by using pre-paid cards. The terrestrial zone covers an area of 22.567 sq.m.

Faliron Marina also offers the latest technology of sewage collection (vacuum technology) and waste water treatment, which is not only very convenient, as most yachts can be served by their place of berth, but it is also an important factor in an environmentally conscious country like Greece. Parking is available in the marina s parking space., visitors of the marina can easily and quickly avail to the entertainment option in town, travel to see the most important archaeological sites of Athens or enjoy shopping in the many and diverse nearby markets and shopping malls.

3. CORFU CASINO An asset of great value with unique characteristics, operating in the Corfu Holiday Palace (former Hilton Hotel). Corfu Casino is equipped with 50 slot machines, 10 roulettes, 4 tables of black jack and 1 poker table. An eventual relocation program to the Complex of Achillion Megaron and more specifically to the building erected by the German Emperor Kaiser is under examination, and a conceptual design has already been initiated. Achillion was built in 1890 as Empress Sissy s Summer Palace and nowadays operates as a museum. (Achillion) (Kaiser s Military quarters) The building next to the Palace, erected by the German Emperor Kaiser at the beginning of the 20 th century. Frequent daily connection with Igoumenitsa Port (continental Greece). Daily connections with Athens and Thessaloniki and regular international flights. Airport at 2 km. The major asset s development will further demand the installation of 150-200 slot machines, 10 roulettes, 1 poker table, 2 black jack tables, 1 table of chemin de fer, a private room with 2 american roulettes, as well as a new MIS and an optical surveillance system. Privatization procedures for the casino are to be initiated, whilst a combined development of the whole complex stands a challenging possibility.

4. THE ANAVYSSOS ALYKES ESTATE The Anavyssos Alykes Estate, an area of a total of 1.385.166 sq.m., is situated between the 48 th and 51 st km on the Athens-Sounion road axis, 50 km from Athens and the Port of Piraeus, and 30 km from El. Venizelos Athens International Airport. The property is located within the premises of both Anavissos and Palaia Fokaea Communities. Anavyssos Alykes Estate, is an expanse of scenery, particularly distinguished for its rich geological relief, that ends up at a sandy beach of total length of 2.500 m.

Land Use Pattern of the property in consideration, is based on the Presidential Decree included in Official Journal (125/D/27.2.98), and the law 3044/2002. Based on the above regulations, the land can be used for the construction of hotels, convention centers, golf courses, theme parks, sport camps, other recreation plants, as well as for terrestrial and aquatic installations both for water sports and bathers. T.D.C. s objective, in the context of an integrated development of the property, is the unfolding of special kinds of high standard recreation products. Approx. 50 km from Athens and 20 km from Sounion. Piraeus port at 50 km, Rafina port at 55 km and Lavrion port at 30 km. Athens International Airport at 30 km.

5. XENIA HOTELS VITINA XENIA HOTEL Built in the 60s in a surrounding green landscape, the VITINA XENIA HOTEL is located in the heart of Peloponnese, at a distance of 7 km from Vitina Village in the northwestern side of the city of Tripolis, near the forest. The VITINA XENIA HOTEL boasts unexploited tourism interest related to winter sports, culture & tradition as well as archeological sites (Archeological Area of Olympia, Archeological Area of Corinth, Ski Resort in Ostrakina, Traditional Settlements of Dimitsana and Stemnitsa.). Combining these with its proximity to Athens, the Hotel can offer relaxation and comfort all year round. Apart from the natural beauty of its location, the Vitina Xenia Hotel benefits from good accessibility. The total surface of the Property is 37.550 sq.m. The hotel consists of two buildings, covering a total area of 1.210 sq.m and has a capacity of 20 rooms/ 40 beds. The hotel is B Class and operated until 1999. Moreover, the hotel stands the challenging chance of additional development of approximately 3.400 sq.m., - a land plot which, given that forest restrictions are surmounted, could eventually reach to 6.300 sq.m.. 214 km from Athens. The nearest railway station at 40 km. Airport at 135 km (only charter flights)

TSAGARADA XENIA HOTEL Originally founded in 1957 and extended in 1965, TSAGARADA XENIA HOTEL is located among chestnuts, pines and cypress trees at Tsagarada, a traditional settlement on Mount Pelion. Only a few kilometers away from ski centers, wonderful beaches and up to six caves of the broader Pelion region, TSAGARADA XENIA HOTEL can offer all year round relaxation within a magnificent countryside and a wide range of leisure alternatives. The total surface of the Property is 14.476 sq.m. The hotel is developed in three levels of a total 2.740 sq.m. and has a Capacity of 46 rooms/ 86 beds. The hotel, B Class, operated until 2003. Moreover, it offers the opportunity of an additional development of approximately 1.020 sq.m. 263 km from Thessaloniki, 367 km from Athens and 47 km from Volos. Port of Volos at 47 km. Volos Railway Station at 47 km.

SKIATHOS XENIA HOTEL Erected in 1963 by the well known Architect G. Nicoletopoulos, SKIATHOS XENIA HOTEL is located at 15 km from Hora Skiathou, the capital of Skiathos Island (Sporades Island Complex). The property is situated close to an aesthetic forest, nearby the unique coastal side of the famous Koukounaries bay. The hotel complex consists of two buildings that give sight to the bay and the magnificent green landscape. The total surface of the Property is 64.490 sq.m. The premises of Xenia Hotel are developed on two adjoining two floor-buildings, of 2.543 sq.m., having a capacity of 32 rooms/ 64 beds. The hotel operated until 1999, as B Class. The property, with approximately 4.600 sq.m. available for additional construction, stands significant development potential. Daily connection with to Piraeus, Ag. Konstantinos and Volos Ports. Skiathos airport at 2 km.

THASSOS XENIA HOTEL Built in 1957, THASSOS XENIA HOTEL is 20 m from the sea front at the west side of the port of Thassos island. The island is endowed with a small marina, the only one within Eastern Macedonian area. Benefiting from the magnificent environment of the island, and its location by the sea, THASSOS XENIA HOTEL, is an excellent recreation venue. The Total Surface of the Property is 3.057 sq.m. The hotel is developed in four levels of 1.425 sq.m and has a Capacity of 27 rooms /46 beds. The Hotel operated until 1996, B Class. An investment alternative is the potential of an additional construction of approximately 1.020 sq.m. Boats depart regularly. Airport at 6 km from Keramoti (Kavala region).