Announcement

Update on the use of funds raised through the euro 200m Common Bond Loan

OPAP S.A. informs the investment community, in accordance with the applicable legislation, that on Tuesday 26.03.2019 the Company's Board of Directors convened and discussed, inter alia, the progress of implementation of the investments carried out through the proceeds of the Company's common bond loan, amounting to euro 200m in total, the issuance of which was approved by virtue of the resolution of the Company's Board of Directors dated 28.02.2017.

In particular, at the meeting of the Company's Board of Directors held on 26.03.2019, it was ascertained that in 2018 a total amount of euro 38.8m was used for investments, instead of the envisaged amount of euro 49.5m, due to a readjustment of the timing for the implementation of the Company's investment programme. More specifically, the Company invested an amount of euro 18.5m in IT systems and agencies equipment, an amount of euro 14.1m in VLTs and an amount of euro 6.2m in Self Service Betting Terminals (SSBTs) and Virtual games.

Accordingly, the time schedule for the investment of the funds for financial year 2019 is readjusted respectively as follows:

the Company will invest euro 23.4m in IT systems and agencies equipment, euro 3.5m in VLTs and euro 3.8m in Self Service Betting Terminals (SSBTs) and Virtual games.

Athens, 26.03.2019

OPAP S.A.