EUROPEAN RELIANCE GENERAL INSURANCE Co. S.A. (the Company) hereby announces, according to the provisions of L. 4548/2018, L. 3556/2007, L. 3340/2005, L. 3016/2002, the Decision No. 1/434/03.07.2007, Circular No. 33 and Decision No. /347/12.07.2005 of the Capital Market Commission, that at the extraordinary meeting of the Board of Directors of 02/09/2019, and after the recommendation of the Corporate Governance, Remuneration and Nomination Committee, the BoD unanimously agreed the appointment of Mr. Theodoros Chronis, son of Antonios, as a non- executive member of the Board of Directors, to replace Mr. Stavros Lekakos, who submitted his resignation on August 26, 2019.

Mr. Chronis is a Lawyer in the Supreme Court of Athens and has extensive experience in the insurance industry. He has studied in the Law Schools of the Universities of Athens, Vienna and Freiburg, Germany. He began his career in European Reliance in 1992 as the Director of the Legal Protection Department of the Company. Nowadays, he holds the position of the Legal Advisor of the Group.

After the above election, the Board of Directors consists of the following members:

-          Nikolaos Chalkiopoulos, Chairman of the Board of Directors, Executive Member

-          Stefanos Verzovitis, Vice-Chairman of the Board of Directors, Executive Member

-          Chris Georgakopoulos, Chief Executive Officer, Executive Member

-          George Diamantopoulos, Independent Non - Executive Member

-          George Konstantinidis, Non - Executive Member

-          Eric- Christopher Sharp, Executive Member

-          Keith Morris, Independent, Non- Executive Member

-          Christopher Poulios, Independent, Non - Executive Member

-          Theodore Chronis, Non - Executive Member[1]