PRESS RELEASE

Ordinary General Meeting of 30^th June 2017

The Ordinary General Meeting of EL.TECH. ANEMOS S.A. Shareholders, was held on 30^th June 2017, at the Company's headquarters, and was attended by shareholders (in person or by representative), representing 77.53% of the paid-up, voting share capital.

The Chairman and CEO of EL.TECH. ANEMOS, Mr. Anastasios Kallitsantsis, updating the Shareholders about the Group of Companies' course and prospects, noted: «Today, constructing the last project of our 2014 investment plan, as it was described at the informative bulletin of company's listing at Athens Stock Exchange, we believe that we have justified our investors' confidence vote. We do not stop here, though. Re-investing the company's profits, we have already started the implementation of our new investment plan, which regards wind farms of approximately 128 MW total installed capacity, that we schedule to gradually construct and complete until the end of 2018.»

The general Assembly re-elected the members of the Board of Directors, as their three-year term ended, and it elected a new Audit Committee, as the corresponding legal framework has changed, enhancing the Committee's responsibilities, amongst other changes.

The Board of Directors consists of Mr. Anastasios Kallitsantsis, Eduardos Sarantopoulos, Theodoros Sietis, Gerasimos Georgoulis, Apostolos Frangoulis, Panagiotis Mentzelopoulos, Theodoros Pantalakis (non-executive and independent member) and Dimitrios Hatzigrigoriadis (non-executive and independent member). The new Audit Committee consists of Mr. Chariton (Harry) Kyriazis (Audit Committee's Chairman), Theodoros Pantalakis and Dimitrios Hatzigrigoriadis.

Regarding the other issues of the agenda, the General Assembly either approved them or received a positive decision.

Kifissia, 3^rd July, 2017