ANNOUNCEMENT REGARDING THE SIGNING OF ΤΗΕ BINDING AGREEMENT FOR THE ACQUISITION OF SHARES ISSUED BY “SingularLogic Information Systems & Applications S.A”

SPACE HELLAS announces, following its announcement dated 21.10.2020, that on 27.11.2020 a binding agreement was signed for the acquisition by the investment scheme consisting of SPACE HELLAS and “EPSILON NET SA” (participation percentage of 50% each) (the "Buyers") of the total shares percentage of “MARFIN INVESTMENT GROUP HOLDINGS S.A.”, direct and indirect, (through its 100% daughter company “Tower Technology Holdings (Overseas) Limited”) to the company “SingularLogic Information Systems & Applications S.A” («SINGULARLOGIC»).  The total amount of the transaction, including the price for the acquisition of shares and the price for the transfer of the banking dept of SINGULARLOGIC in PIRAEUS BANK, will be €18.050.000. From the agreed amount, an advance payment has been already paid to MIG of the amount of €1.805.000.  The completion of the transaction will be made upon the completion of a confirmatory legal and financial due diligence by the Buyers and the approval by the competent bodies of MIG.

SPACE HELLAS will proceed to the acquisition of SINGULAR LOGIC with the creative cooperation of EPSILON NET implementing a common investment vision and putting the basis in order SINGULAR LOGIC to become the central pillar in the operational software and the digital transformation of businesses.