Space Hellas announces: According to the unanimous resolution of the Board of Directors dated June 30^th, 2016 the Board of Directors re-constituted into a body and appointed its executive and non-executive members, as follows:

1. Spyridon Manolopoulos, son of Dimitrios, Chairman of the Board of Directors, Executive Member of the Board.

2. Ioannis Mertzanis son of Anastasios, CEO, Executive member of the Board.

3. Ioannis Doulaveris, son of Alexandros, Executive Member of the Board.

4. Panagiotis Bellos, son of Christos, Executive Member of the Board.

5. Christos Bellos, son of Panagiotis, Vice Chairman, Non–Executive Member of the Board.

6. Paraskevas Drossinos, son of Dimitrios, Non-Executive member of the Board.

7. Georgios Lagogiannis, son of Panagiotis, Non-Executive Member of the Board.

8. Athanasios Patsouras, son of Nikolaos, Independent Non-Executive Member of the Board.

9. Theodoros Chatzistamatiou, son of Nikolaos, Independent Non-Executive Member of the Board.

The term of the Board of Directors remains as is (five (5) years) and ends with the election of the new Board of Directors of the Company from the General Assembly of the shareholders of the Company which shall be convened during the first semester of 2020, and no later than June 30^th 2020.

Finally, the new elected Board of Directors, after its formation into a body and the appointment of its executive and non-executive members, decided to assign its powers and authorizations