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Share Capital Evolution

Share Capital Evolution

DATECORPORATE BODY 
    According to the Company's statutes, the initial share capital was four hundred million drachmas (400.000.000), divided into (400.000) in nominate shares, of nominal and sale value 1,000 drc each.
12.05.1992 BoD There was a Share Capital increase by GRD 100.000.000 through payment in cash and the issue of 100.000 thousand innominate shares, of a nominal and sale value GRD 1,000 each
20.06.1994 GM There was an increase of the Share Capital by GRD 1,846,000 a. through a capitalization of the surplus value obtained by the revaluation of the Company's fixed assets
b. Through cash payment of GRD 1,364, with the issue of 1,846 new innominate shares, of a nominal value GRD 1.000 each.
15.09.1994 & 06.02.1995 GM a. Devaluation of each Company's share from GRD 1,000 to GRD 250. Thus, four new shares had the value of one old.
Share Capital increase by GRD 85,405,000 through the issue of 341,620 new common shares of a nominal value GRD 250 and sale value GRD 1,200 each. This capital increase was covered by a public offer for subscription and import of all shares to the Parallel Market of the Athens Stock Market. A reserve fund of GRD 324,539,000 was created through a share premium account.
25.10.1996 GM a. Each share's nominal value was lowered from GRD 250 into GRD 100.
b. The total shares number increased by 3,523,506 and reached 5,872,510. The new shares were distributed for free (three new ones for every two old).
17.06.1997 GM A Share Capital increase by GRD 88,088,000 through payment in cash and the issue of 880,880 new common innominate shares, of a nominal value GRD 100 each and sale value GRD 3,300 each. Distribution of the new shares through a public offer for subscription. For this reason, the old shareholders waived their preemption right. The transfer of the Company's share from the Parallel to the Main Market of the Athens Stock Exchange.
11.11.1997 GM Through a capitalization of the surplus value which resulted by the revaluation of the Company's fixed assets according to law 2065/1992 (GRD 93,097,955), and a partial capitalization of the share premium account (GRD 1,257,580,045). Thus, the total share capital increase was GRD 1,350,678,000 through an issue of 13,506,780 new common in nominate shares, of a nominal value GRD 100 each. The new shares were distributed for free to the old shareholders (two new shares for each old one).
28.07.1998 GM a. A Share Capital increase by GRD 16,208,136,000 through a cash payment and the issue of 16,208,136 new common innominate shares, of a nominal value GRD 100 and sale value GRD 1,000 each. The new shares were distributed through a preemption right to the existing shareholders of the Company (eight new for each ten old).
b. A Share Capital increase by GRD 405,203,400 through a capitalization of the share premium account, and the issue of 4,052,034 new common innominate shares, of a nominal value GRD 100 each. The new shares were distributed for free to the old shareholders (two new shares for each ten old).
12.07.1999 GM A Share Capital increase by GRD 4,052,034,000 through an issue of 40,520,340 new common innominate shares, of a nominal value GRD 100 and sale value GRD 1,250 each. The new shares were distributed through a preemption right in favor of the old shareholders (one new share for each one old). A conversion of the Company's innominate shares into nominal and the relevant modification of the article 6 of the statutes, based on the clauses of law 2328/95 (article 15).
28.06.2000 GM a. An increase of the share's nominal value from GRD 100 to GRD 200.
b. Thus, the Company's share capital reached GRD 8,104,068,000, divided into 40,520,340 dematerialized shares, of a nominal value GRD 200 each.
01.09.2001 & 29.06.2001 GM An increase of the GRD 8,104,068,000 Share Capital through a capitalization of the surplus value obtained from the revaluation of the Company's fixed assets  (GRD 180,315,513) through an increase of the share's nominal value from GRD 200 into GRD 204.45. The conversion of the Share Capital and the share's nominal value into euro
03.09.2007 GM An increase of the GRD 8,104,068,000 Share Capital through a capitalization of the surplus value obtained from the revaluation of the Company's fixed assets  (GRD 180,315,513) through an increase of the share's nominal value from GRD 200 into GRD 204.45. The conversion of the Share Capital and the share's nominal value into euro.
26.11.2007 GM a. Split: distribution of 24 new shares each for each 10 old shares & decrease of the shares nominal value from €2.55 to €1.07
b. Capital Increase by €876,735.61 for rounding purposes of the new par value of the shares.
17.12.2007 GM Capital Increase by €92,324.95 with cash payments and issuance of 86,285 new registered voting shares, nominal value of € 1.07 each.
13.07.2011  EGM  a. Decrease of the share capital by six million thirty thousand four hundred and ten Euro and eighty-six cents (€6,030,410.86) through the cancellation of five million six hundred and thirty-five thousand eight hundred and ninety-eight (5,635,898) own shares with a nominal value of one Euro and seven cents (€1.07) each. As a result of this decrease, the Company's share capital amounts to one hundred and nineteen million one hundred forty-two thousand eight hundred and thirty Euro and eighty cents (€119,142,830.80), divided into one hundred eleven million three hundred and forty-eight thousand four hundred and forty (111,348,440) common registered shares with a nominal value of one Euro and seven cents (€1.07) each.
b. Increase of the share capital by five million nine hundred and fifty-seven thousand one hundred and forty-one Euro and fifty-four cents (€5,957,141.54) through capitalisation of reserves against the issue of five million five hundred and sixty-seen thousand four hundred and twenty-two (5,567,422) new registered shares with a nominal value of one Euro and seven cents (€1.07) each. As a result, the Company’s share capital amounts to one hundred and twenty-five million ninety-nine thousand nine hundred and seventy-two Euro and thirty-four cents (€125,099.972.34), divided into one hundred and sixteen million nine hundred and fifteen thousand eight hundred and sixty-two (116,915,862) common registered shares with a nominal value of one Euro and seven cents (€1.07) each.
18.05.2015 GM

Decrease of the Company’s share capital by the amount of €11,691,586.20 by means of a decrease of the nominal value of each share from €1.07 to €0.97.

After the above reduction, the Company’s share capital shall amount €113,408,386.14, divided into 116,915,862 registered shares, with a nominal value of €0.97 each.