ANNOUNCEMENT

Share Capital Decrease of “AS Company S.A.” – Pay back Capital  in cash to  Shareholders.

The Shareholders' Ordinary General Assembly of “AS Company S.A.” (hereinafter “the Company”) held on the 23^rd of June 2016  decided, among others,  the decrease of the Company' s share capital by an amount of 393,780.60 euro and the relevant amendment of Article 5 of the Statute related to the Company's Share Capital. The decrease of the share capital will be effected by the reduction  of the par value of each common registered share by 0.03 euro , so as the new par value of each share will be finally set by 0.68 euro  to 0.65 euro, and the equal (0.03 euro) per share capital return in cash to the Company's shareholders. Following the above decrease, the Company's share capital will amount to 8,531,913.00 euro , divided in 13,126,020 common registered shares, with 0.65 euro par value.

The amendment of Article 5 of the Company's statute was approved by the Resolution Νο. 69749/1.7.2016 of The Ministry of Economy, Development and Tourism, which was registered in the General Commercial Registry on 1.7.2016.

The Governing Committee of the Athens Exchange, at its meeting held on 07.10.2016, was informed on the decrease of the Company's share capital  and the capital return in cash of an amount of 0.03 euro per share to the Company's shareholders as well as on the amendment of Article 5 of the Company's statute.

Following the aforementioned, starting on Wednesday, 12.10.2016, the Company's shares will be traded on the Athens Stock  Exchange with their new par value of 0.65 euro  and without the right to the benefit of the capital return in cash of 0.03 euro per share. As a result the opening price of the Company shares on the Athens Stock Exchange will be adjusted on 12.10.2016 according to the Athens Stock Exchange Rule Book, as applicable, and in accordance with the Decision No. 26 of the Board of Directors of the Athens Stock Exchange, as applicable.

Shareholders, registered in the Company's Official Registry held in the Dematerialized Security System (hereinafter µD.S.S”), on Thursday, 13.10.2016, will be entitled  to   the capital pay back .

Wednesday, 19.10.2016 is set as the starting date of capital return to the Company's shareholders. The payment will be effected through «Eurobank Ergasias Bank S.A.» bank network as follows:

1. through the  D.S.S. Operators, only if they have been granted with the right to receive any benefit on the account for shareholders, at the D.S.S. according to the procedure that is described on Paragraph 5.2. of the Athens Stock Exchange Rule Book and in article 39 of the Regulation of Operation of the D.S.S..

2. Through the  branch network of “Eurobank Ergasias Bank S.A.”, for those Shareholders, who have requested to be exempted from their Operator in the  D.S.S. or whose shares are kept in their special investor's account.

3. Shareholders, who, for any reason, are unable to collect their dividend or cash benefitthrough their Account Operator, will be able to collect it through “Eurobank Ergasias SA” branch network. Payment will be possible in person by presenting the identity card and the printed details of the “KAME” number (Investors' Account Code Account Number in the D.S.S.). The payment to a third person will be possible only by submitting the relevant proxy documentation, in which there will be written full personal data of the payee and the proxy (name and surname, father's name, number of identity card, Personal Tax Number) with certification of the signature by police or other authority.

Upon the expiry of a period of 12 months from the starting date of payment, namely on 19.10.2017, the capital return will be payable only at the Company's offices, at Oreokastro, Thessaloniki, 2^nd klm Palaias Symmaxikis Odou – Diastaurosi pros Palaiokastro (tel. 2310 572000).

For more information the shareholders can contact the Company¶s Shareholders Service Department (tel. +302310572000, Ms Sonia Strikou).