Τhe new Board of Directors of Karatzis SA was constituted, οn June 20, 2017 as follows:

1. Antonios Karatzis son of Miltiadis – Chairman of the BoD & CEO
2. Athina Karatzi daughter of Charilaos – Vice Chairman of the BoD
3. Maria Karatzi daughter of Miltiadis – CEO
4. Konstantinos Archontakis son of Leonidas – Executive member of the BoD
5. Ilias Kalathas son of Anastasios – Executive member of the BoD
6. Eleftherios Antonakakis son of Konstantinos – Non-executive member of the BoD
7. Iasonas Papastefanakis son of Emmanouil – Independent non-executive member of the BoD
8. Fanourios Zampetakis son of Michail – Independent non-executive member of the BoD
9. Georgios Veneris son of Vasilios – Independent non-executive member of the BoD

The term of office of the above Board of Directors will be five years in accordance with the provision of Article 20 § 3 of the Articles of Association of the company and therefore will expire on 17 June 2022 with the possibility of extension until the Annual General Assembly of the ending year.