Report of the Board of Directors of "JUMBO SOCIETE ANONYME" to the General Meeting of its shareholders with respect to the Merger Terms dated 05/04/2016 through the absorption of the company under the trade name "TANOCERIAN COMMERCIAL AND INVESTMENT S.A.

JUMBO S.A.

Report of the Board of Directors of "JUMBO SOCIETE ANONYME" to the General Meeting of its shareholders with respect to the Merger Terms dated 05/04/2016 through the absorption of the company under the trade name "TANOCERIAN COMMERCIAL AND INVESTMENT S.A.

Report of the Board of Directors of the Societe Anonyme under the trade name “JUMBO SOCIETE ANONYME” to the General Meeting of its shareholders in accordance with article 69§4 of law 2190/1920 and article 4.1.4.1.3 of the Athens Exchange Rulebook with respect to the Merger Terms dated 05/04/2016 through the absorption of the company under the trade name “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.” by “JUMBO SOCIETE ANONYME”

Report of the Board of Directors to the General Meeting