ΣΦΑΚΙΑΝΑΚΗΣ Α.Ε.Β.Ε.

SFAKIANAKIS S.A. - ΕΧ RIGHTS ISSUE - PRICE FLUCTUATION LIMITS OF 23.07.2018

As of July 24, 2018, the shares of the company "SFAKIANAKIS S.A."  (GRS279003008) are traded on the ATHEX without the right to participate in the share capital increase, with the issue of 15,828,960 new (CR) shares, at an issue price of €0.32 per share. The rights' trading period is set from July 27, 2018 to August 07, 2018, included. The rights' subscription period is set from July 27, 2018 to August 10, 2018, included.

It is clarified, according to article 2.6.3. of the ATHEX Rulebook and to decisions No 22 & 26 of the ATHEX BoD, that the fluctuation price limits of the share price only for the trading session on July 24, 2018, are set as follows: +20% at the closing share price of the ATHEX last trading session (23/07/2018):  €0.4300 and -20% at the adjusted share price: €0.3560.

Adjusted share price: €0.3560

Closing share price of the ATHEX last trading session (23/07/2018): €0.4300

Maximum Trading limit +20% : €0.5150

Minimum Trading limit  -20%  : €0.2860

According to the above, and taking into consideration that in the system ΟΑΣΗΣ (the Advanced Electronic & Automated System for Securities Trading of ATHEX) the start share price - in this case - is the adjusted share price, the maximum and minimum trading limits are formed as follows:

Start share price:   0.3560

Ceiling  + 44.67%:   €0.5150

           Floor     - 20%:    €0.2860