ANNOUNCEMENT FOR THE PAYMENT OF DIVIDENDS FOR THE FISCAL YEAR 01.07.2017-30.06.2018

The company PHILIPPOS NAKAS SA, in accordance with the decision of the Ordinary General Meeting of Shareholders of October 26th 2018 and the provisions of paragraphs 4.1.3.4 and 5.2 of the ATHEX Regulation, announces the following:

The dividend for the fiscal year 01.07.2017 - 30.06.2018 amounts to Euro 0.05 per share. From the amount of the dividend, it will be withholded in favour of the Greek State a 15% tax, according to Law 4172/2013,  subject to the provisions of section 63 of the Law, and therefore the net dividend per share will be Euro 0 , 0425.

The cut-off date for the dividend was set on Wednesday 31 October 2018. It is clarified that according to the new ATHEX regulation, corporate operations from 01.01.2009 are based on the "record date" rule that replaces the "trade date" rule. Therefore according to the new rule, the beneficiaries of the dividend for the fiscal year 01.07.2017-30.06.2018 are the registered shareholders in the DSS records on Thursday, November 1st 2018. The payment of the dividend will begin on Tuesday, November 6th  2018.

According to article 5.5 of the ATHEX Regulation and after the resolution of the company's B.o.D. on 29.10.2018, the payment of the dividend will be effected through the National Bank of Greece from the 6^th of November 2018 until the 5^th of November 2019.  During this period the shareholders will be able to collect their dividend through their authorized operators (Brokerage Companies, Banks) who will contact the paying bank "THE NATIONAL BANK OF GREECE" (Depository dept., 68 Akadimias str., Athens, 106 78, tel: 210 3328215 Mr. Markos Alvertis).

The shareholders (who have not given or have recalled their authorization to their operators for the collection of dividends) are also able to collect their dividend personally through the National Bank of Greece network, presenting their I.D. card with their C.N.I.S. (Code Number of Investor Share in D.D.S) or a printout from the D.D.S.

Alternatively, the shareholders can also collect their dividend through legally authorized representatives (presenting the respective authorization form officially validated and stamped by a State Authority regarding the originality of the signature).

After the 5^th of November 2019 the payment of the dividends will be possible only at the company's headquarters (19th km. Leof. Lavriou, 190 02 Peania, Attiki, tel.: 210 6686101 Investors Relations dept.).

Dividends which remain uncollected within a period of five (5) years become invalid for the owner, in favour of the Greek State.

Peania, October 29^th , 2018

The B.o.D.