ANNOUNCEMENT OF

ELECTION OF BOARD OF DIRECTORS AND ITS CONSTITUTION INTO A BODY

30 July 2024

The company under the name “PAPOUTSANIS INDUSTRIAL AND COMMERCIAL CONSUMER GOODS

SOCIETE ANONYME” (the “Company”) announces that the Extraordinary General Meeting of the Company's shareholders dated 10.07.2024 elected the new Board of Directors (BoD) of the Company, the

composition of which is in full compliance with the requirements, criteria, and provisions of Law 4706/2020, at the same time appointing its independent members.

Furthermore, the Board of Directors of the Company unanimously elected Mr. Georgios Gatzaros as Chairman of the BoD, Mr. Dimitrios Papoutsanis as Vice-Chairman of the BoD, and Mr. Menelaos Tassopoulos as Chief Executive Officer of the Company.

The new Board of Directors was constituted into a body on 10.07.2024, and determined the status of its members as executive or non-executive, as follows:

1. Georgios Gatzaros of Sotirios, Chairman of the BoD, Executive Member
2. Dimitrios Papoutsanis of Panagiotis, Vice-Chairman of the BoD, Non-Executive Member
3. Menelaos Tassopoulos of Athanasios, Chief Executive Officer of the Company, Executive Member
4. Mary Iskalatian of Sarkis, Executive Member
5. Christos Georgalis of Petros, Non-Executive Member
6. Antonios Barounas of Sotirios, Independent Non-Executive member
7. Eleni Koritsa of Christos, Independent Non-Executive Member

The Chairman of the Board of Directors, Mr. Gatzaros, shall be substituted by the Vice-Chairman of the

Board of Directors, Mr. Papoutsanis, exclusively for his non-executive responsibilities as Chairman of the Board of Directors. Otherwise, the Chairman shall be substituted by the Chief Executive Officer of the Company, Mr. Tassopoulos.

The term of office of the above Board of Directors is set at three years, i.e. until 10.07.2027, and is extended until the expiration of the deadline by which the next ordinary General Meeting must be convened, and until the relevant decision is made.