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The Attica Ventures presentation - a very successful event

21 April 2004

Photographs from the event:

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A presentation of Attica Ventures and the ZAITECH FUND (a venture capital fund) was held today to great success in the presence of 200 senior executives from banks, brokerage firms, businesses and research centres.

In the opening address, the Chairman and Managing Director of Bank of Attica, Mr. Konstantinos Stamoulis, stressed that the Bank was the first to establish a specialized subsidiary to manage venture capital funds in line with the provisions of Greek Law 2992/2002, a move which is part of the group's broader development strategy.

Chairman of the TSMEDE Pension Fund and Vice-Chairman of the Bank's Board of Directors, Mr. Anastasios Koumblis, stressed that TSMEDE had recently decided at a Board meeting to invest € 7 million (0.36% of its reserves) in Attica Ventures' Fund. He also pointed out that TSMEDE was the first Greek pension fund make such a move. It is a decision TSMEDE will attempt to implement with the assistance of all competent government agencies.

During the company presentation, Attica Ventures' Managing Director, Mr. Giannis Papadopoulos, analysed the aims and objectives, investment strategy, investment criteria and advantages of Attica Ventures (business network, Bank of Attica, TSMEDE Pension Fund, human resources). Those advantage ensure major benefits both for portfolio companies and for shareholders.

In addition, he made clear that investment targets are private, non-listed SMEs placing particular emphasis on innovation. Lastly, he pointed out that the € 30 million fund has a 10-year lifecycle, that its investors/shareholders are Bank of Attica and TANEO and that it seeks a rate of return in the order of 20%.

Interested parties may visit the company's website,, which contains more information about the company, its investment policy and the venture capital market in Greece and internationally.

The event was also briefly addressed by TANEO Managing Director, Mr. Georgios Kindis, and on behalf of Accenture and Space Hellas -strategic associates of Attica Ventures - by Messrs. Nikos Christodoulou and Theodoros Dravilas respectively.

The event was attended, among others, by the Chairman of General Bank, Mr. Antonis Hasiotis, the Chairman fo the High Tech Park, Mr. Achilleas Hatzinikos, the Vice Chancellor of the NTUA, Mr. Panagiotis Kottis, the Chairman of the Hellenic Post Office Savings Bank, Ms. Androniki Boumi, and the Director of Athens Economics University International MBA Programme, Mr. Grigoris Prastakos.


Attica Ventures exits Antcor stake to u-blox AG
Event to mark the tenth anniversary of the founding of Attica Ventures
Significant growth in Attica Ventures' listed investments
Special distinction for Attica Ventures as it wins the ACCI 2011 Increased Employment Award

Zaitech Fund

Attica Bank

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