The company GEK TERNA S.A. reminds the Investors that on December 9, 2013 the Company, by virtue of the decision of the Extraordinary Shareholders Meeting dated 6/12/2013, issued a Bond Loan amounting to  68,300,000.00 €,  partly convertible and partly exchangeable, which was fully paid up by the company York Global Finance Offshore BDH (Luxembourg) S.a.r.l.

During 2014 and pursuant to the provisions of the agreement with the bondholder York Global Finance Offshore BDH (Luxembourg) S.a.r.l., GEK TERNA paid back part of the Bond Loan amounting to  25,000,000.00 €.

By virtue of an OTC transaction on 4/12/2014 the company York Global Finance Offshore BDH (Luxembourg) S.a.r.l. acquired 5,133,174 shares in TERNA ENERGY S.A.,  as partial payment of bonds of the aforesaid Bond Loan, of a total nominal value of 14,000,000.00 €.

On 27 March 2015 the BoD of the company GEK TERNA S.A., following a relevant notice of the Bondholder and as partial payment of  140 bonds of the aforesaid Bond Loan of a total nominal value of  14,000,000.00 €, adjusted the Share Capital of the Company by issuing 5,765,117 new shares.

On 29 June 2015 the B.o.D of the company GEK TERNA S.A., following a relevant notice of the Bondholder and as partial payment of  140 bonds of the aforesaid Bond Loan of a total nominal value of  14,000,000.00 €, increased by the accrued interest, (50% converted into new shares of the company GEK TERNA S.A. and the remaining 50% exchanged with shares issued by TERNA ENERGY S.A., owned by GEK TERNA S.A)  adjusted the Share Capital of the Company by issuing 2,917,063 new shares and transferred to the Bondholder 1,668,005 shares of the company TERNA ENERGY S.A. from its portfolio.

After  the aforementioned partial payments, the remaining unpaid capital of the bond loan amounts to 1,300,000.00 €.

On 23 March 2016 the Bondholder sent a notice and requested the payment of the remaining unpaid capital of 1,300,000.00 € , increased by the accrued interest, as following:

50% to be converted into new shares of the company GEK TERNA S.A. and the remaining 50% to be exchanged with shares issued by TERNA ENERGY S.A., owned by GEK TERNA S.A.

For the implementation of the Bondholder's request and in accordance with the decision of the BoD dated 29/3/2016 regarding the adjustment of the Share Capital, pursuant to the provisions of article 3a of codified law 2190/20, 278,743 new shares of the Company will be issued, which, after the completion of the said corporate act, will represent 0.2695% of the total share capital of the Company. Each of the new shares has a nominal value of 0,57 € and an acquisition price of 2.43111 €, therefore the share capital of the Company will be increased by 158,883.51 € whereas the amount of 518,771.94 € will be transferred to the Share Capital premium reserve account.

Additionally, GEK TERNA S.A. will transfer to the Bondholder 171,498 shares of the company TERNA ENERGY S.A. from its portfolio.

After the completion of the said transactions, the bond loan is paid in full and the shareholder York Global Finance Offshore BDH (Luxembourg) S.a.r.l.  will own 17.6294% of the new share capital of the company GEK TERNA S.A. and  9.3965% of the share capital of the company TERNA ENERGY S.A.

The Company will make further announcements, in accordance with the applicable laws and regulations.