DTZ Mihalos S.A. is a subsidiary of the internationally renowned DTZ International, established in 1784 in Great Britain. DTZ is listed on the UK Stock Exchange and is the largest firm of chartered surveyors and international real estate investment, consulting, valuation and property management advisors in the world with over 6500 staff operating in over 140 cities and 33 countries worldwide. In the United States, DTZ has joint forces with the leading American real estate strategy and services firm, the Stoubach Company, trading as DTZ Staubach Tie Leung. DTZ has also created a joint venture with AEW Capital Management, L.P. from the United States.

DTZ Mihalos S.A. has been established in Greece since 1993 and has undertaken a wide range of major instructions for a variety of clients, including major Greek and multi-national companies, the public sector, banks, constructions co's, developers, retailers, embassies among foreign governments. Apart from Greece, DTZ Mihalos S.A. is also responsible for providing the full range of DTZ property services to Cyprus and the Greater Balkan region.

Most recently, DTZ Mihalos S.A., through its parent company, DTZ International, has formed a strategic joint venture with U.S. based AEW Capital Management, L.P., one of the United States largest real estate investment companies. AEW currently manages approximately $6 billion of capital, which is invested in more than $9 billion of real estate in the U.S., Canada and Europe. This joint venture gives DTZ Mihalos S.A. the ability to develop investment opportunities and strategies for investment in the Greek real estate market by the DTZ/AEW fund Management Company.

Strictly adhering to the rules of the Royal Institution of Chartered Surveyors, DTZ Mihalos S.A. provides the following core services:

1. Valuation of property assets in accordance with the Royal Institution of Chartered Surveyors in the UK.

2. Feasibility Studies and Financial Appraisals of major development sites and projects.

3. Market Research and Analysis of all facets of the property market.

4. Investment and Financial Consultancy for all forms of property investment.

5. Project Finance

6. Asset and Property Fund Management.

7. Development Consultancy by drawing on a wide range of disciplines to provide an integrated service from inception to completion.

8. Marketing of major commercial office and retail complexes, industrial and warehouse accommodation, domestically and internationally, via our network of offices

9. Acquisition of all forms of commercial property including developments sites

10. Negotiation for the disposal and acquisition of commercial, retail, industrial, leisure and development property.

11. Due Diligence for the acquisition of all types and forms of property.

12. Space Planning and Relocation Services.

13. Project Management of construction projects

14. Property Management.

15. Corporate Consulting for large organizations in relation to the more efficient use and financial return form their property assets.

The professional staff of DTZ Mihalos S.A. comprises a highly experienced and qualified team of chartered surveyors, civil engineers, architects, financial analysts and agency professionals.

DTZ Mihalos S.A. has achieved prominence in the Greek real estate market by undertaking some of the country's most ambitious property instructions. We have undertaken instructions from clients from a wide range of clientele in banking, leasing, finance, industry, insurance, investment, financial services, accounting, auditing, governments, car dealerships, property developments, construction, retail, leisure, transportation, computers, communication.

Peter G. Mihalos Managing Director 7 Kriezotou Street 106 71 Athens, Greece Tel: (+30)1 36.13.101, Fax: (+30) 1 36.13.863, E-mail: dtzmih@dtz.gr, URL: www.dtz.gr