PAYMENT OF PAST YEARS' UNDISTRIBUTED EARNINGS

OPAP S.A. announces to its shareholders that, according to par. 4.1.3.4. of the Athens Stock Exchange Regulation, the 11^th Extraordinary Shareholders General Meeting, held on December 6^th, 2017 decided to distribute part of past years' undistributed earnings amounting to a gross amount of 0.70 euros per share.

The past years' undistributed earnings dividend to be paid to the Shareholders stands at the gross amount of euros 222,472,249.30 i.e 0.70 euros per share, excluding the 1,182.501 Company's own shares. The past years' undistributed earnings dividend of the amount of 0.70 euros per share is subject to 15% withholding tax in accordance to articles 36 & 64 of L. 4172/2013, as this has been amended by L. 4387/2016, i.e. 0.105 euro per share. Therefore the net payable amount to the shareholders following the above mentioned tax withholding amounts to 0.595 euros per share, excluding 1,182,501 own shares. 
OPAP's registered Shareholders on Tuesday, 12.12.2017 (record-date) are eligible to receive the payment of the past years' undistributed earnings. The Cut-Off date (i.e. the date from which the Company's shares will be traded on the Athens Exchange without the right to receive the payment of the past years' undistributed earnings) was set for Monday, 11.12.2017. The payment to the entitled Shareholders commences on Monday, 18.12.2017 and will be processed through Piraeus Bank, as follows:

1. Via the entitled shareholder's Dematerialized Security System's Operators (Banks, Custodians and Securities firms), according to Articles 4.1.3.4. of the ATHEX Regulation and article 39 of the Operations Regulation of the Central Securities Depository.

2.  Via the Piraeus Bank branches' network, for those of the Shareholders who have requested to be exempted from their Account Operator to the Dematerialized Securities System or whose shares are kept in special investor's account.

3. Shareholders, who, for any reason, are unable to collect the payment of the past years' undistributed earnings through their Account Operator, will be able to collect it through the Piraeus Bank branches' network commencing on 27.12.2017.

4. By depositing to the International Bank Account Number (IBAN), to which the investor has declared that they wish to receive the distributed amounts, according to article 13 of the Dematerialized Security System's Operations Regulation and to Decision 6 of ATHEXCSD' Board of Directors, as in force, to investors who do not wish to receive the distributed amounts through their Operators. This refers only to investors who have declared IBAN to Piraeus Bank S.A.

Past years' undistributed earnings collection by the entitled shareholders for the abovementioned cases 2 and 3 will be possible either in person or by proxy (in which case the relevant proxy documentation or/and any relevant legalization documents will need to be submitted to the Company with certification of their signature) upon notification of the Investors' Account Code Account Number of the Dematerialized Security System and upon providing proof of their Identity.

For any further information, shareholders are requested to directly contact the Company's Investor Relations Team, tel.: +30 210 5798930.

It is clarified that the right to collect dividend disperses if not collected by the entitled shareholder within a period of five (5) years from the end of the year that the corresponding right was born (Civil Code article 250, par. 15) and that following the expiration of such term any relevant amount shall be paid to the Hellenic Republic according to article 1 of legal decree 1195/1942.

ATHENS, 06.12.2017

OPAP S.A.