Announcement

GEK TERNA HOLDING REAL ESTATE CONSTRUCTION S.A

(hereinafter, the “Company”)

Information regarding the Bondholders Meeting of the common bond loan of an amount of €120,000,000 of the Company (hereinafter, the “CBL 2018”) of the Company – Remote participation ability in the Repeat of Bondholders Meeting on March 2020

The Company announces that at the Bondholders Meeting held today, on 17 March 2020, at the Company's offices (85 Mesogeion Ave., Athens) of the bond loan issued pursuant to the Common Bond Loan Programme of an amount up to €120,000,000 and Agreement on Appointment of the Bondholder Agent, dated 22.03.2018 (the (“CBL 2018 Programme”), the quorum required for decision-making on the agenda items was not achieved, since the Meeting was attended by Bondholders representing 20.17% of the total outstanding principal amount of the CBL 2018.

According to the provisions of the CBL 2018 Programme, the Bondholders Meeting will be resumed on Thursday, March 19, 2020, at 11:00 am, at the Company's offices (85 Mesogeion Ave., Athens). At the same time, given the sudden change in conditions in Greece, due to the coronavirus pandemic – COVID 19, the bondholders entitled to participate and vote in the repeat Bondholders Meeting are provided with the possibility to participate remotely, by teleconference.

Any bondholders wishing to participate in the repeat Bondholders Meeting of the CBL 2018 by teleconference are kindly requested to send the following information and/or documens to the Bondholders' Agent to the email address gssunderwriting@nbg.gr, no later than 18.00 p.m. of 18 March 2020:

• FULL NAME/CORPORATE NAME
• FATHER'S NAME (natural persons)
• ADDRESS / REGISTERED SEAT
• I.D. No / CORPORATE REGISTRATION NUMBER
• TELEPHONE NUMBER BY WHICH PARTICIPATION IN THE BONDHOLDERS MEETING SHALL TAKE PLACE
• NUMBER OF BONDS
• INVESTOR'S SHARE NUMBER
• SECURITIES ACCOUNT NUMBER
• LEGAL ENTITIES: FULL NAME OF LEGAL REPRESENTATIVE and REPRESENTATION DOCUMENTS (certificate of current representation or decision of the competent corporate body for the authorization to participate in the Meeting)

Teleconference participation instructions shall be sent from the Bondholder Agent via email, to the email addresses from which the above information will be sent, to the bondholders who completed the above procedure on time and are entitled to participate in the repeat Bondholders Meeting.

It is noted that the persons entitled to participate and vote in the Repeat Bondholders Meeting to be held on 19.03.2020, are those appearing as holders of bonds in the records of the Dematerialised Securities System (DSS) managed by the company “ATHEXCSD SA” at the beginning of the fifth day before the date on which the initial Bondholders Meeting, i.e. on 12.03.2020 (Registration Date), without it being required that their bonds be blocked.

Athens, 17 March 2020