Please be advised that the Ordinary General Meeting of Shareholders of the Company Petros Petropoulos AEBE was held today, 19 April 2018, at 12:00 pm at the Company's offices, at 96 Iera Odos Street.

It was attended, in person or by proxy, by 17 shareholders of the Company representing 5.210.519 shares, i.e. 73,69%  and, therefore, the General Meeting met validly with a quorum on all items on the agenda.

Item 1: The reports of the Board and of the auditors of the Company for fiscal year 2017 (1/1 – 31/12/2017) were approved. The Annual Financial Statements of 31/12/2017 were approved. The appropriation of profits for fiscal year 2017 was approved and it was resolved not to distribute dividend for that year.

Item 2: It was decided to release members of the Board of Directors and auditors from all liability to pay compensation for the period 1/1 – 31/12/2017. 

Item 3: Any and all remuneration for Board members for fiscal year 2017 were approved and advance approval was given for Board members' remuneration for 2018.

Item 4: It was decided to appoint a new Board of Directors and their capacities were determined pursuant to Law 3016/2002.

Item 5: Pursuant to the aforementioned appointment of a new Board of Directors and following a recommendation by the Nominations Committee, Messrs Stathis Papageorgiou, Ioannis Katsouridis and Ioannis Filiotis, who meet the requirements laid down in Article 44 of Law 4449/2017, were appointed as members of the Audit Committee.

Item 6: It was resolved to elect new ordinary and alternate auditors for the fiscal year 2018 upon recommendation of the Audit Committee, and their remuneration was determined.

Item 7: A new plan for the purchase of own shares was approved, according to Article 16 of Codified Law 2190/1920 in conjunction with Regulation (EC) No 2273/2003 to serve the purposes and uses allowed each time by law up to 10% of the share capital, which include the shares already purchased for a period of 24 months (until 18/4/2020) at a lowest price of €1.00 and a highest price of €10.00 per share.

Item 8: On this item, the General Meeting unanimously approves the sale of the property located in Rentis, at Pindou St., which belongs to the subsidiary LYPA AEBE, at a price not lower than that set out in the financial statements of 31/12/2017.

All above resolutions have been passed unanimously by 100% of the shareholders attending or being represented, i.e. by 5.210.519 votes in favour and 0 votes against.