Announcement Regarding the Decision of Acquisition of the Company's Own Shares
(Share Buy-back Program)

OPAP S.A. announces to the investment community that, according to the provisions of articles 49 and 50 of Law 4548/2018 in conjunction with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council, on market abuse and of its supplementing Commission Delegated Regulation (EU) 2016/1052, with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures, the Annual Ordinary General Assembly of its shareholders that was held on 22.05.2019 decided and set the details for the acquisition, either directly or indirectly,  by the Company of its own shares, through the Athens Exchange, up to a percentage of five per cent (5%) of the total paid up share capital of the Company, namely up to 15.950.000 shares (including the own shares the Company already holds at any given time). The acquisition of the Company's own shares shall be made provided that on a case by case basis are considered to be at the Company's own benefit, preferential to other available investment options and as long as the Company's cash flow allows for such acquisitions and for purposes provided for by the Regulation (EU) No 596/2014 of the European Parliament and of the Council, on market abuse and of its supplementing Commission Delegated Regulation (EU) 2016/1052, with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures. The proposed program for the acquisition of the Company's own shares shall be completed within the time limit, as provided for by law, of twenty four (24) months as from the date of the decision of the Annual Ordinary General Assembly, namely from 22.05.2019 to 21.05.2021, and will be implemented at a maximum acquisition price of fifteen euros (15 euro) per share and a minimum acquisition price equal to the nominal value price of each share, i.e. thirty cents of a Euro (0.30 euro) per share.

It is noted that the Share Buy-back Program approved by the Shareholders' Annual General Meeting dated 27.04.2017 has ended since 26.04.2019.

Furthermore, the Company's Board of Directors was authorized to determine the specific terms and details for the implementation of the program for the acquisition of the Company's own shares.

ATHENS, 23.05.2019

OPAP S.A.