Intercontinental International REIC announces, according to the provisions of Law 3340/2005 and decision 3/347/12.7.2005 of the Hellenic Capital Market Commission, that in its Meeting held on 02/01/2017, the Board of Directors (BoD) accepted the resignation of Mr. Georgios Kontogiorgis, an independent non-executive member of the BoD and member of the Remuneration Committee, as of 30/12/2016, for personal reasons. In the same meeting, the BoD unanimously resolved the replacement of Mr. Georgios Kontogiorgis as member and President of the Remuneration Committee by Mrs. Patricia Halikias, Vice Chairman of the BoD.