European Reliance General Insurance Company S.A. (the Company) announces that the Annual Ordinary General Meeting of Shareholders of 21 May 2019 elected a new 9-member Board of Directors and appointed its independent members within the meaning of Law 3016/2002.

The new Board of Directors was constituted on the following working day of the Ordinary General Meeting on Wednesday 22/05/2019 and appointed its executive and non-executive members:

The new Board of Directors:

1. Stavros Lekkakos - Chairman, Non-Executive Member

2. Christos Georgakopoulos - Chief Executive Officer, Executive Member

3. Nikolaos Chalkiopoulos - Vice Chairman, Executive Member

4. Stefanos Verzovitis - Executive Member

5. Georgios Diamantopoulos - Independent Non-Executive Member

6. Georgios Konstantinidis - Non-Executive Member

7. Eric Christopher Sharp - Executive Member

8. Keith Morris - Independent Non-Executive Member

9. Christoforos Poulios - Independent Non-Executive Member

The term of office of the abovementioned Board of Directors, lasts for five years and is extended automatically until the election of a new Board of Directors from the next Ordinary General Meeting.

It is noted that the aforementioned members have been considered suitable for their election as members of the Board of Directors by the Committee for Corporate Governance, Recruitment and Promotion of Members of the Board of Directors, who has also checked the conditions of independence in their person according to the provisions of Law 3016/2002.

It is also announced that the above General Meeting decided the election of a new Audit Committee according to Law 4449/2017 as follows:

1. Georgios Diamantopoulos - Independent Non-Executive Member of the Board of Directors, Chairman of the Audit Committee

2. Georgios Konstantinidis - Non-Executive Member of the BoD, Member of the Audit Committee

3. Christoforos Poulios - Independent Non-Executive Member of the BoD, Member of the Audit Committee

The term of office of the abovementioned Audit Committee lasts for five years.

The proposed Chairman of the Audit Committee fulfills the condition of independence by law and has sufficient knowledge in the fields of financial management, auditing and accounting.