Admie (IPTO) Holding S.A.

Earnings Release • Sep 16, 2020

ADMIE HOLDING S.A.

DATA AND INFORMATION FOR THE PERIOD FROM 01/01/2020-30/06/2020 (According to article 5 of Law 3556/2007)

(Amounts in thousand € unless otherwise stated)

The following data and information, resulting from the financial statements, aim at a general briefing on the financial position and results of "ADMIE HOLDING SA" . We therefore advise the reader, before making any investment or other transaction with the company, to refer to the company's web site where the financial statements and auditor's report are posted.

GENERAL INFORMATION OF THE COMPANY
Offices:	Durraxiou 89, Athens
GEMI No:	141287501000	Members of the Board of Directors
Date of approval for the FS from the Board of Directors		Agiakloglou Christos	Chairman and Managing Director
of the Annual Financial Statements (from which the condensed data were drawn): 16/09/2020		Iliopoulos Panagiotis	Vice Chairman
Certified Auditor:	S. KOURTIS (Reg. No. 50601), V. PATEROMICHELAKIS (Reg No. 14421)	Angelopoulos Constantinos	Member
Audit firm:	SOL. S.A.	Mikas Vasileios	Member
Type of audit report:	Unqualified opinion	Drivas Konstantinos	Member
Internet web-site:	www.admieholding.gr	Paligiannis Dimosthenis	Member
1.1 CONDENSED STATEMENT OF FINANCIAL POSITION		1.4 CONDENSED CASH FLOW STATEMENT

	Amounts in thousand €	Amounts in thousand €		Amounts in thousand €	Amounts in thousand €
	30.06.2020	31.12.2019		01.01.2020 - 30.06.2020	01.01.2019 - 30.06.2019
ASSETS
Tangible assets	7	7	Cash flow from operating activities
Right of use asset	57	60	Profit before tax:	20.030	20.413
Intangible assets	3	4
Investment that is accounted using the equity method	698.318	704.553	Adjustments for:
Other long-term receivables	-	-	Depreciation of non-current assets	5	2
Other receivables	14.075	14.068	Profit from Participation in Associated Companies (51% IPTO)	(20.064)	(20.417)
Cash and cash equivalents	34.440	8.475	Financial income	(141)	(172)
TOTAL ASSETS	746.900	727.168	Financial expenses	2	1
			Other provisions	6	-
EQUITY AND LIABILITIES			Operating profit before working capital changes	(162)	(173)
Share capital	491.616	491.840	(Increase) /decrease in: Trade and Other receivables	(8)	4
Legal reserve	1.819	1.819	Increase /(decrease) in: Trade payables	(22)	(6)
Other reserves	128.559	128.615	Increase /(decrease) in: Other payables and accrued expenses	3	1
Retained Earnings	124.826	104.796	Increase /(decrease) in: Income tax paid	290	-
Total equity (a)	746.820	727.070	Total inputs / (outflows) from operating activities (a)	101	(174)
Other long-term liabilities	60	56
Trade and other liabilities	20	42	Cash flow from investing activities
Toral current liabilities (b)	80	98	Dividend received from IPTO	26.243	21.827
			Purchase of non-current assets	(2)	(1)

	30.06.2020	31.12.2019		01.01.2020 - 30.06.2020	01.01.2019 - 30.06.2019
ASSETS
Tangible assets	7	7	Cash flow from operating activities
Right of use asset	57	60	Profit before tax:	20.030	20.413
Intangible assets	3	4
Investment that is accounted using the equity method	698.318	704.553	Adjustments for:
Other long-term receivables	-	-	Depreciation of non-current assets	5	2
Other receivables	14.075	14.068	Profit from Participation in Associated Companies (51% IPTO)	(20.064)	(20.417)
Cash and cash equivalents	34.440	8.475	Financial income	(141)	(172)
TOTAL ASSETS	746.900	727.168	Financial expenses	2	1
			Other provisions	6	-
EQUITY AND LIABILITIES			Operating profit before working capital changes	(162)	(173)
Share capital	491.616	491.840	Trade and Other receivables (Increase) /decrease in:	(8)	4
Legal reserve	1.819	1.819	Increase /(decrease) in: Trade payables	(22)	(6)
Other reserves	128.559	128.615	Increase /(decrease) in: Other payables and accrued expenses	3	1
Retained Earnings	124.826	104.796	Increase /(decrease) in: Income tax paid	290	-
Total equity (a)	746.820	727.070	Total inputs / (outflows) from operating activities (a)	101	(174)
Other long-term liabilities	60	56
Trade and other liabilities	20	42	Cash flow from investing activities
Toral current liabilities (b)	80	98	Dividend received from IPTO	26.243	21.827
			Purchase of non-current assets	(2)	(1)
TOTAL EQUITY AND LIABILITIES (a) + (b)	746.900	727.168	Total inflows / (outflows) from investing activities (b)	26.241	21.826
			Cash flow from financing activities
			Own shares acquisition	(224)	-
			Dividend paid	-	-
			Interim dividend paid	(290)	-
			Finance lease capital paid	(2)	-
			Interest paid	(2)	(1)
1.2 CONDENSED STATEMENT OF COMPREHENSIVE INCOME		Interest received from deposit in Bank of Greece	141	120
			Total inflows / (outflows) from financing activities (c)	(377)	119
	Amounts in thousand €	Amounts in thousand €	Net increase / (decrease) in cash and cash equivalents (a) + (b) + (c)	25.965	21.771

Cash and cash equivalents at the end of the period 34.440 26.614

01.01.2020 - 30.06.2020 01.01.2019 - 30.06.2019 Cash and cash equivalents at the beginning of the period 8.475 4.843 Revenue 20.064 20.417 19.891 20.242 Profit before tax 20.030 20.413 Net profit for the period 20.030 20.413 Additional data and information Other comprehensive income for the period (56) (147) Total comprehensive income for the period 19.974 20.266 2. During the current period the average number of employees were 3. Earning per share - basic (in €) 0,09 0,09 3. There were no transactions with related parties during the period apart from those mentioned in Note 16. Amounts in thousand € Balance as at 01.01.2019 566.689 Net profit for the period 53.740 Other comprehensive income 120.581 Dividend paid (13.940) Balance as at 31.12.2019 727.070 1.3 CONDENSED RESTATED STATEMENT OF CHANGES IN EQUITY Amounts in thousand € 1.2 CONDENSED STATEMENT OF COMPREHENSIVE INCOME Amounts in thousand € Profit before taxes, financing, investment results and total depreciation (EBITDA)

1.The accounting principles of 2020 are set out in Note 2 of the Interim Financial Report for the period 01.01.2020 - 30.06.2020.

Balance as at 01.01.2020 727.070 Own shares acquisition (224) Net profit for the period 20.030 Other comprehensive income (56) Balance as at 30.06.2020 746.820 Athens, 16th September 2020

CHAIRMAN OF THE BOD AND MANAGING DIRECTOR VICE PRESIDENT OF THE BOD HEAD OF THE ACCOUNTING DEPARTMENT

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