The company Petros Petropoulos SA hereby gives notice that the Ordinary General Meeting of Shareholders of 5 April 2016 decided on an increase in the share capital of the Company of seven hundred seven thousand and forty (707,040) Euro, through capitalization of part of the share premium reserves, with an increase in the nominal value of the share of ten (0.10) cents per share, i.e. from ninety-three cents (0.93 Euro) to one Euro and three cents (1.03) per share.

Following the aforesaid increase, the share capital of theCompany amounts to seven million two hundred and eighty-two thousand five hundred and twelve (7,282,512) Euro, divided among 7,070,400 (seven million seventy thousand four hundred) ordinary registered shares with a nominal value of one Euro and three cents (1.03) each.

By the same decision the Ordinary General Meeting decided on a reduction in the share capital of theCompanyby seven hundred and seven thousand and forty (707,040) Euro, by reduction of the nominal value of the share by ten cents (0.10 Euro) per share, i.e. from one Euro and three cents (1.03 Euro) per share to ninety-three cents (0.93 Euro) and the return to the shareholders by cash payment of the amount of the reduction in capital.

Following the aforesaid reduction, the share capital of theCompanyamounts to six million five hundred and seventy-five thousand four hundred and seventy-two (6,575,472.00) Euro, divided among seven million seventy thousand four hundred (7,070,400) ordinary registered shares with a nominal value of ninety-three cents (0.93 Euro) each.

By virtue of Decision No. 43451/20.04.2016 the Ministry of Economy, Development and Tourism approved the amendment of the relevant clause of theCompany's Articles of Association. At its meeting of 28/4/2016 the Athens Stock Exchange Board of Directors was informed of the equivalent increase/reduction of the nominal value of theCompany's share and the return of capital to the shareholders by payment of €0.10 per share.

As a consequence of the above, from 06/05/2016 shares in the Company will be traded on the Athens Stock Exchange at a new nominal value of €0.93 per share, and without entitlement to share in the return of capital, with a cash payment to the existing shareholders of €0.10 per share.

From the same date, the opening price of the share on the Athens Stock Exchange will be set in accordance with the Athens Stock Exchange Regulations, in combination with Decision No. 26 of the Athens Stock Exchange Board of Directors, as currently in force.

Those entitled to the return of capital shall be the shareholders registered on the files of the Dematerialized Securities System at 09/5/2016. The date for commencement of the return of capital has been set as 13/5/2016 and the return will be effected via the National Bank ofGreece, as follows:

1. Through the agents of the entitled shareholders, if they have been granted the right to collect payments.

2. Through crediting of their account at the National Bank ofGreece, provided the shareholders have nominated the bank in question to the Dematerialized Securities System as their agent.

3. Through the network of branches of the National Bank ofGreece, for those shareholders who have not asked that the amount be collected by their agent, or whose shares are kept in the Hellenic Exchanges Special Account, or for shares which are kept as part of the accounts of undisclosed investors.

To collect cash payment from the branches of National Bank ofGreece, the collecting party must present his ID Card and a print-out of the details of the investor account number with the Dematerialized Securities System. Payment will be made to third parties only if they present authorization bearing the full details of both the entitled shareholder and the authorized proxy (full name, father's name, ID and tax number), the authenticity of the signature certified by the police or other authority. Once five years have passed from the date of commencement of payment, capital can be returned in cash only from the offices of theCompany(96-104 Iera Odos St.,Athens).

For more information, shareholders may contact the Shareholder Service Department of theCompanyat +30 210 3499298.

Athens, 4 May 2016

The Board of Directors