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Private Placement Announcement

11 MAY 2004
PRESS RELEASE

GR. SARANTIS AVEE announces that its main shareholders have placed today in international and national institutional investors 1,5 million shares for the price of 4,14 € per share.

This move aims at raising the participation of foreign and Greek institutional investors in the corporate capital of Sarantis and it is anticipated to significantly improve the share’s free float and marketability.

Alpha Finance has been in charge of the above mentioned placement.

Announcement of regulated information according to the L.3556

According to the articles 3 and 21 of the L.3556/2007 and the provisions of the Regulation (EU) No 596/2014 of the European Parliament and of the Council, the company GR. SARANTIS S.A. announces that Mr.
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