Athens, 09.01.2019

ANNOUNCEMENT

The company under the trade name "ELVALHALCOR HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A." (hereinafter referred to as "ELVALHALCOR S.A."), in its capacity as full successor of the company under the trade name “HALCOR METAL WORKS S.A.” (hereinafter referred to as “HALCOR S.A.”), announces to the investors, pursuant to article 17 par. 1 of Regulation (ΕU) 596/2014 of the European Parliament and the Council of 16th April 2014 and article 2, par. 4 of Decision No 3/347/12.7.2005 of the Board of Directors of the Hellenic Capital Market Commission that, following HALCOR S.A.'s announcement of 29.03.2013 in regards to the signing of loan agreements of the Bulgarian non listed subsidiary with the trade name “SOFIA MED AD”, the aforementioned subsidiary of ELVALHALCOR S.A. signed the extension of maturity to seven years of the syndicated collateralized long-term loan amounting of €60.0 million with Alpha Bank A.E.-London Branch, Eurobank Bulgaria AD and Piraeus Bank Bulgaria AD.

Moreover, it is noted that SOFIA MED AD signed modification of the loan with European Bank for Reconstruction and Development (“EBRD”) total amount of €25.0 million, which comprises of two parts: a) loan of €10.5 million with new seven year maturity and b) a new loan of €14.5 million, also with seven year maturity for the financing of investment program for machinery and capacity increase.