Hellenic Football Prognostics Organisation SA (OPAP)

Hellenic Football Prognostics Organisation S.A. (“OPAP”) was established in 1958, as a private legal entity and was converted into a Societe Anonyme in 1999.

OPAP relies on a 20-years concession contract signed on December 15, 2000 (the “OPAP Agreement”), pursuant to which the HR granted to the company the exclusive right to operate and manage 11 numerical lottery and sports betting games in Greece. OPAP is listed in the Athens Exchange (“ATHEX”) since 2001 and the Hellenic Republic (“HR”) holds 34% of its share capital. The HR has decided to further privatise OPAP by selling even its total stake on the company. In the context of such sale, the HR transferred the 29& of its stakes to the Fund, and the right to extend the duration of the agreement of 15.12.2000 between the HR and OPAP. The negotiations that followed, concluded to an extension of the OPAP Agreement for 10 more years (until 2030). Moreover, OPAP was granted the exclusive license for the operation of 35,000 VLTs, of which 16,500 will be operated by OPAP itself, while the remaining 18,500, will be operated by concessioners that will be selected for that reason. The HR has appointed National Bank of Greece and Deutsche Bank to act as financial advisors and Karatza Law firm and Freshfields to act as its legal advisor for the privatisation.