ANNOUNCEMENT
LAPSE OF THE PERIOD FOR THE EXERCISE OF THE EXIT RIGHT
February 8, 2023
1. The company with the corporate name “REDS REAL ESTATE DEVELOPMENT AND SERVICES SOCIETE ANONYME” (the “Company”) announces that the period for the exercise of the exit right of article 28 of law 3461/2006 in relation to the mandatory tender offer (the “Tender Offer”) launched on 19.08.2022 by the company “RB Ellaktor Holding B.V.” (the “Offeror”) lapsed on 06.02.2023 and the Offeror shall no longer be obliged to acquire any shares issued by the Company (“Shares”) offered to it on the exchange by shareholders of the Company exercising the exit right of article 28 of law 3461/2006.
2. Up to the lapse of the exit period, on 06.02.2023, the Offeror has acquired 473,974 Shares by shareholders of the Company exercising their exit right, against a consideration of €2.48 per Share.
3. Following the lapse of the exit period, the Offeror informed the Company that it directly holds 19,514,962 Shares, corresponding to 33.98% of the share capital and voting rights in the Company. As a result, following the lapse of the exit period, Reggeborgh Invest B.V., which controls the Offeror, indirectly holds 51,366,236 Shares, corresponding to 89.43% of the share capital and voting rights in the Company (19,514,962 Shares, corresponding to 33.98% of the share capital and voting rights in the Company, being held through the Offeror and 31,851,274 Shares, corresponding to 55.46% of the share capital and voting rights in the Company being held through Ellaktor S.A.).