Composition of the Board of Directors of PPC S.A. and formation into a body

Announcement

PPC S.A. announces that at its meeting on 22.8.2019 on 14:30, the Board of Directors decided the election of:

1. Mr. Georgios Stassis, Chief Executive Officer of the Company as Chairman of the Board of Directors under the capacity of Executive Member,

2. Mr. Pyrros Papadimitriou, according to art. 14, par. 1 of the Company's Articles of Incorporation, currently in effect, as Vice –Chairman of the Board of Directors under the capacity of Non – Executive Member,

and the formation of the Board of Directors into a body.

Following the above, the new composition of the Board of Directors with each member's relative capacity is the following:

• Stassis Georgios, Chairman of the Board of Directors and Chief Executive Officer, Executive Member. Term of office until 21.8.2022.

• Papadimitriou Pyrros, Vice-Chairman of the Board of Directors, Non-Executive Member. Term of office until 21.8.2022.

• Venieris Georgios, Independent - Non-Executive Member. Term of office until 16.12.2021.

• Vlassopoulos Anastasios, Independent – Non-Executive Member. Term of office until 21.8.2022.

• Doxaki Despina, Independent - Non-Executive Member. Term of office until 26.6.2022.

• Theodoridis Stefanos, Independent - Non-Executive Member. Term of office until 21.8.2022.

• Karaleftheris Pantelis, Non-Executive Member, Employees' Representative. Term of office until 6.6.2022.

• Kardamakis Stefanos, Independent – Non-Executive Member. Term of office until 21.8.2022.

• Paterakis Alexandros, Non-Executive Member. Term of office until 21.8.2022.

• Tzanninis Dimitri, Executive Member. Term of office until 16.12.2021.

• Fotopoulos Nikolaos, Non- Executive Member, Employees' Representative. Term of office until 6.6.2022.

Athens, August 23, 2019