The company PHILIPPOS NAKAS SA, in accordance with the decision of the Ordinary General Meeting of Shareholders of November 25^th 2020 and the provisions of paragraphs 4.1.3.4 and 5.2 of the ATHEX Regulation, announces the following:

The dividend for the fiscal year 01.07.2019 - 30.06.2020 amounts to Euro 0,134 per share. From the amount of the dividend, it will be withholded in favour of the Greek State a 5% tax, according to the article 24, par. 1 of Law 4646/2019 and therefore the net dividend per share will be Euro 0,1273.

The cut-off date for the dividend was set on Thursday, December 3^rd 2020. It is clarified that according to the new ATHEX regulation, corporate operations from 01.01.2009 are based on the "record date" rule, where the beneficiaries of the dividend for the fiscal year 01.07.2019-30.06.2020 are the registered shareholders in the DSS records on Friday, December 4^th 2020. The payment of the dividend will begin on Wednesday, December 9th 2020.

According to article 5.5 of the ATHEX Regulation and after the resolution of the company's B.o.D. on 26.11.2020, the payment of the dividend will be effected through Alpha Bank from the 9^th of December 2020 until the 8^th of December 2021.  During this period the shareholders will be able to collect their dividend through their authorized operators (Brokerage Companies, Banks) who will contact the paying bank "ALPHA BANK" (Dept. of Corporate Operations, Athinon Ave. 103, 10447, tel: 210 3436704, contact person Mrs. Evi Apistola).

The shareholders (who have not given or have recalled their authorization to their operators for the collection of dividends) are also able to collect their dividend personally through the Alpha Bank network, presenting their I.D. card with their C.N.I.S. (Code Number of Investor Share in D.D.S) or a printout from the D.D.S.

Alternatively, the shareholders can also collect their dividend through legally authorized representatives (presenting the respective authorization form officially validated and stamped by a State Authority regarding the originality of the signature).

After the 8^th of December 2021 the payment of the dividends will be possible only at the company's headquarters (19th km. Leof. Lavriou, 190 02 Peania, Attiki, tel.: 210 6686101 Investors Relations dept.).

Dividends which remain uncollected within a period of five (5) years become invalid for the owner, in favour of theGreekState.

Peania, November 26^th , 2020

The B.o.D.