Please be advised that the Ordinary General Meeting of Shareholders of the Company Petros Petropoulos AEBE was held today, 10 April 2017, at 12:00 pm at the Company's offices, at 96 Iera Odos Street.

It was attended, in person or by proxy, by 10 shareholders of the Company representing 5,393.241 shares, i.e. 77.15% 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 2016 (1.1.2016 – 31.12.2016) were approved. The Annual Financial Statements of 31.12.2016 were approved.

Item 2: The appropriation of profits for fiscal year 2016 was approved and it was resolved not to distribute dividend for that year.

Item 3: It was resolved to discharge the Board members and the Auditors from all liability for fiscal year 2016 (1.1.2016 – 31.12.2016). 

Item 4: Any and all remuneration for Board members for fiscal year 2016 were approved and advance approval was given for Board members' remuneration for 2017.

Item 5: The General Meeting was informed of the election of the new Board Member Mr Michael Economakis, in replacement of the Board member Mr George David who resigned, as resolved by the Board of Directors at the meeting of 23 January 2017 pursuant to the law and the Company's Articles of Association.

Item 6: It was resolved to elect new ordinary and alternate auditors for the fiscal year 2017 upon recommendation of the Audit Committee, and their remuneration was determined.

Item 7: It was approved to authorise, under Article 23(1) of Codified Law 2190/20, the Directors and the General Manager to participate in the Boards or the Management of Group Companies which pursue purposes similar to the purposes of the Company.

Item 8: On this item, the General Meeting unanimously approved the sale of the plot of land in Thessaloniki, which belongs to the subsidiary LYPA S.A. and of the real property in Markoni Street, which belongs to the subsidiary SEMKA Ltd.

All above resolutions have been passed unanimously by 100% of the shareholders attending or being represented, i.e. by 5,393.241 votes in favour and 0 votes against.