Announcement [17.2.2016]

Ionian Hotel Enterprises S.A. ('IHE') announces that it has been informed by Alpha Bank A.E. ('Alpha Bank'), its majority shareholder, that Alpha Bank has published an invitation to 'qualified investors', within the meaning of Article 2 of Directive 2003/71/EC and article 2 para. 1(f) of Greek law 3401/2005, and investors falling within the ambit of article 3 par. 2(c) of Directive 2003/71/EC and article 3 para. 2(c) of Greek law 3401/2005, for the expression of interest pertaining to the acquisition of Alpha Bank's majority stake (approximately 97.3%) in the share capital of IHE (the 'Process').

For more information, investors may visit the website of Alpha Bank www.alpha.gr

Ionian Hotel Enterprises S.A. will duly inform investors, in accordance with all applicable laws, of any further developments on the Process.

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Ionian Hotel Enterprises SA issued this content on 17 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 February 2016 09:25:19 UTC

Original Document: http://www.ionianhe.gr/page/default.asp?la=2&id=31&pl=77&pk=59&ap=6