As of March 15, 2019, the shares of the company "VARVARESSOS S.A. EUROPEAN SPINNING MILLS" (GRS344001003) are traded on the ATHEX without the right to participate in the share capital increase, with the issue of 4,915,032 new (CB) shares, at an issue price of €0.30 per share. The rights' trading period is set from March 20, 2019 to March 29, 2019, included. The rights' subscription period is set from March 20, 2019 to April 03, 2019, 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 March 15, 2019, are set as follows: +20% at the closing share price of the ATHEX last trading session (14/03/2019): €0.4300 and -20% at the adjusted share price: €0.3560.

Adjusted share price: €0.3340

Closing share price of the ATHEX last trading session (14/03/2019): €0.4360

Maximum Trading limit +20% : €0.5200

Minimum Trading limit  -20%  : €0.2680

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:   €0.3340

Ceiling  + 56,59%:   €0.5200

Floor     - 20%:          €0.2680