European Reliance General Insurance Company S.A. (the Company), in the framework of the implementation of the Shareholders' Meeting, Buy Pack of Own Shares Program (of 21/05/2019), announces that:

Following the relevant decision of the Board of Directors at the meeting of 25 June 2019, the Company intends to purchase up to 2,750,367 treasury shares during the period from July 1, 2019 to June 30, 2020 at a price range of € 2.00 (minimum purchase price) up to € 6.00 (maximum purchase price) per share. The maximum amount that is expected to be available for the purchase of own shares during the aforementioned period amounts to € 16.51 million, including related expenses. The final amount and the number of shares that will ultimately be purchased will depend on the price and stock marketability of the share in that period. The purchase of treasury shares will be made exclusively for the purpose of their cancellation by decision of the General Meeting of Shareholders and under the terms of the applicable legal and regulatory framework.

It is noted that at the date of this announcement the Company does not have own shares.

The notice is issued in accordance with Regulation (EU) 596/2014 of the European Parliament and of the Council of 16/4/2014, the Commission's Authorized Regulation (EU) 2016/1052 of 8/3/2016 and the Athens Stock Exchange Regulation (paragraph 4.1.3.14).