SFAKIANAKIS S.A. informed the investing public that the negotiations for the refinancing of existing syndicated and bilateral loans of the Group was completed on 27.02.2018. The Company also informs that, pending the drafting and signing of the final contractual texts, the creditor banks agreed to extend the maturity of the above loans until 30.06.2018.

It is noted that the main terms of the new agreement are as follows:

• Refinancing of Group's total bank loans (€ 292 mil.)
• Consolidation of all loans of the parent company to a new syndicated bond loan amounting to € 283 mil.

• Duration 8 years (original duration 5 years with possibility of renewal for 3 years)