The Management of the Anonymous Company under the trade name “FLEXOPACK SOCIETE ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” and the distinctive title “FLEXOPACK S.A.” (hereinafter referred to as the “Company”), following the resolution of the Board of Directors as of 15^th November 2021, hereby announces that on 17th November 2021 was signed a Bond Coverage Contract via private placement pursuant to the provisions of Law 4548/2018 and Law 3156/2003, as currently in force, of an amount of 7.000.000 Euro with bond holder the “National Bank of Greece S.A.”, also designated as Payment Agent and Representative of the Bondholders.

The Company will use the Common Bond Loan  as follows: (a) amount of 3.646.000 Euro for the refund of existing Common Bond Loan and (b) amount of 3.354.000 Euro for covering long-term working capital needs in terms of achieving the Companys objectives.

Koropi, 19th November 2021

For “FLEXOPACK S.A.”