TRAINOSE S.A. was established in 2005 as a subsidiary of OSE S.A. ("OSE"). In December 2008, the ownership of TRAINOSE was transferred to the Hellenic Republic.

TRAINOSE is engaged in the provision of traction services for the rail transportation of passengers and freight, the development, organization and exploitation of urban, suburban, regional, extra-urban and international railway transportation of passengers and freight as well as bus transportation or combined transportation of passengers and freight and the provision of logistics services of any nature. The Hellenic Republic Asset Development Fund owns 100% of the share capital of TRAINOSE.

OSE (which is 100% owned by the HR), in its capacity as the manager of the Greek National Railway Infrastructure, is responsible for the management, operation, exploitation and maintenance of the existing railway infrastructure, the construction and development of new infrastructure, the regulation and safety of railway traffic and other related responsibilities provided for by the applicable national and the EU legislation.

Rolling Stock Maintenance

The rolling stock maintenance activity, currently provided by OSE, is in the process of being transferred, via spin off, to ROSCO S.A. ("ROSCO"), a newly established company 100% owned by the HR. Following completion of the spin off process, ROSCO shall operate as an independent company, providing maintenance of the rolling stock. It shall be noted that it is the HR's intention to proceed with the privatization of ROSCO.

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