GEK TERNA S.A.

Fourth Interest Period of the Non-Convertible Corporate Bond Loan

In accordance with the terms of the Common Bond Loan as decided by “GEK TERNA SA” on March 16, 2018 (hereinafter “the Bond Loan”), the record date for the beneficiaries of interest for the 4st  Interest Period from 04.10.2019 until 06.04.2020 is set to be Friday April 3rd, 2020.

The first day of trading without the fourth coupon (ex-coupon date) is Thursday April 2, 2020.

The gross interest amount for the fourth Interest Period, which corresponds to 120,000 bonds currently traded on the Athens Exchange, is  2,438,833.33 €, i.e. 20.298611111 € per bond and has been calculated at an annual interest rate of 3.95% (before tax).

The payment of the accrued interest to the bondholders will take place though “HELLENIC CENTRAL SECURITIES DEPOSITARY S.A.” (ATHEXCSD) on Monday April 6, 2020, as follows:

1. Through the operators of the beneficiaries in the Dematerialized Security System (Banks and Securities firms) for the bondholders that have authorized their operators for the collection, according to the D.S.S. Operations Regulation and ATHEXCSD relevant resolutions.

2. By deposit to the International Bank Account Number (IBAN), which the bondholder has declared in order to receive the distributed amounts, according to article 13 of the D.S.S. Operations Regulation and no 6 Decision of ATHEXCSD Board of Directors, as in force, to bondholders who do not wish to receive the distributed amounts through their Operators.

3.  Bondholders who, for any reason, are unable to collect the distributed amounts via the above mentioned under 1 and 2 sections mechanism or whose bonds are kept in their special investor's account, they will be able to collect such from ATHEXCSD (110, Athinon Avenue) daily from Monday to Friday and from 09.00 to 16.00 or via a deposit in the bank account indicated by the bondholders to their operator by a relevant written notice.

It is hereby clarified that according to the currently applicable legislation, the right to collect interest amount expires if not collected within the time limit of five (5) years and any relevant amount shall be reimbursed to the Hellenic Republic.