Ellinas Finance Public Company LTD

Capital/Financing Update • Apr 25, 2024

April 25, 2024

Cyprus Stock Exchange Nicosia

ANNOUNCEMENT

Subject: Decision of the Board of Directors of Ellinas Finance Public Company Limited ("Company") to proceed with the creation of a new Bond

The Board of Directors of the Company informs the investment community that it has decided to create a new 5-year bond ("Series E Bond")

The Series E Bond will be made available through private placement to a limited number of persons, at the sole discretion of the Board of Directors. Priority will be given to existing holders of Series A Bonds, maturing on May 22, 2024, and holders of Series B Bonds, which in such a case will be redeemed early.

The Series E Bond will have the following characteristics:

• Issue Amount: from €1,000,000 to €5,000,000
• Minimum Issue Amount: €1,000,000
• Minimum Investment Amount: €50,000
• Item: secured, non-guaranteed, non-convertible
• Annual Interest Rate: 5%
• Interest payment: on an annual basis on the anniversary of the date of the first issue
• Duration: 5 years
• Nominal value: €1,000 each
• Collateral: real estate and receivables of the Company at least equal in value to the nominal value of the Bond

The Series E Bond may be issued in tranches, with the first issue before and not after June 5, 2024 and thereafter with additional issues until December 31, 2024.

Upon successful issuance of at least 1,000 Series E Bonds, the Company will apply for listing of the Series E Bond on the Bond Market of the Cyprus Stock Exchange.

Sincerely,

Constantinos Servos Compliance Officer

CC: Cyprus Securities and Exchange Commission