Ellinas Finance Public Company LTD

Business and Financial Review • Mar 13, 2020

March 13, 2020

Cyprus Stock Exchange Nicosia

ANNOUNCEMENT

Subject: Coronavirus (COVID-19) - Financial implications, potential risks and uncertainties

The management of Ellinas Finance Public Company Limited (the "Company"), based on the evaluation of the up to date publicly available data related to the Corona virus, reports to the investing public that no significant adverse economic impacts that may affect the activities of the Company have been observed or found.

Based on the Company's forecasts for the near future, no significant changes are expected. Also, it is noted that, a possible, further expansion of the Coronavirus problem, with a negative impact on the general economy, will inevitably affect the Company's activities to an extent that cannot be identified at the current moment.

Keeping up to date with the updates regarding this matter, the Company will inform the investing public if any significant change is noticed.

Sincerely,

Constantinos Servos, Compliance Officer

Attention to: Cyprus Securities and Exchange Commission