Announcement

GEK TERNA HOLDING REAL ESTATE CONSTRUCTION S.A

(hereinafter, the “Company”)

Information regarding the resolutions of the repeat Bondholders Meeting of the common bond loan of an amount of ¤120,000,000 of the Company (hereinafter, the “CBL 2018”)

The Company announces that on 30 June 2022 the repeat Meeting of the Bondholders of the bond loan issued pursuant to the Common Bond Loan Programme of an amount up to ¤120,000,000 and Agreement on Appointment of the Bondholder Agent, dated 22.03.2018 (hereinafter, “CBL 2018 Programme”) took place in accordance with the invitation to a Meeting of the Bondholders of the CBL 2018 dated 22.06.2022, by electronic means without the physical presence of the Bondholders.

Bondholders representing 43,419 bonds, out of 120,000 bonds in total, i.e. 36,18 % of the total outstanding principal amount of the CBL 2018 at the time of the Meeting, participated in the repeat Meeting, either in person or by proxy. The sole item of the agenda was voted in favor by Bondholders representing 43,419 bonds, i.e. 100 % of the bonds represented during the repeat Meeting.

In particular, the repeat Bondholders Meeting of the CBL 2018 resolved the following:

On the sole item of the agenda, the repeat Meeting granted the BondholdersΆ consent for the use of the net income from the disposal of an Excluded Asset in accordance with the uses provided in clause 8.1. (n) (i)-(vi) of the CBL Program 2018, without any time limit, by way of derogation from clauses 8.1 (o) and 14.1 (b) of the CBL Program 2018, provided that the sale (i.e. the promissory agreement for the disposal of the Excluded Asset) will take place within 24 months from the date of the decision of the BondholdersΆ Meeting. Furthermore, the repeat Meeting acknowledged the non-exercise by the Bondholders of the rights described in clause 11.2 (b) of the CBL Program 2018 regarding the above derogation and waived any relevant right of the Bondholders.  

Athens, 30 June 2022