Thrace Plastics Holding and Commercial S.A.

Investor Presentation • Apr 30, 2025

CORPORATE PRESENTATION I APRIL 2025

The Group

• At a Glance
• Technical Fabrics Segment
• Packaging Segment
• Agricultural Segment

[GRI: 102-6, 102-7]

Thrace at a glance

LANDSCAPE & GARDENING

Technical Fabrics Segment

• Production and trade of synthetic fabrics for industrial and technical uses.
• Broad and diversified product portfolio.

CONSTRUCTION

Applications

• Europe-based production with a global footprint.

CIVIL INFRASTRUCTURE

• Extensive sales network, mainly in Europe and America.

Greece 70%

UK 28%

Revenue 2024

EBITDA MARGIN

Asia, Africa & Oceania 3%

Asia, Africa &

Oceania

3%

Technical Fabrics Segment Production & Revenue breakdown

European based production with global footprint and extended sales network PRODUCTION GEOGRAPHICAL BREAKDOWN

• 70% of group production in Greece
• Volumes sold reached almost the 80 thou tons, despite the weak demand in main markets

Adjusted EBITDA 2024

* Includes Bulgaria, Albania, Romania, Serbia, Slovenia, Croatia, FYROM, Bosnia-Herzegovina, Montenegro, Kosovo Rest of Europe includes all other European countries plus Russia, Ukraine and Georgia

INDUSTRIAL USE

Applications

Packaging Segment

• Production and trade of food and industrial product packaging.
• Pioneer in the SouthEast European market.
• Europe-based production.
• Extensive sales network with continuous volume growth on an annual basis.

Greece

Revenue 2024

141.9mil

EBITDA MARGIN

16.2%

Packaging Segment Production & Revenue breakdown

GROUP

SE Europe based production and sales, with leading market share in a variety of products, expanding to new geographies PRODUCTION GEOGRAPHICAL BREAKDOWN

• Main markets are Greece and EU (85%) 74%
• The segment enjoyed for another year increased demand across Europe

SALES GEOGRAPHICAL BREAKDOWN PRODUCTION GEOGRAPHICAL BREAKDOWN SALES GEOGRAPHICAL BREAKDOWN

EBITDA 2024

23.0mil

* Includes Bulgaria, Albania, Romania, Serbia, Slovenia, Croatia, FYROM, Bosnia-Herzegovina, Montenegro, Kosovo Rest of Europe includes all other European countries plus Russia, Ukraine and Georgia

Greece 60%

Rest of Europe

10% UK

4%

Asia, Africa & Other 1%

Practices

Agricultural Segment

• The largest hydroponic greenhouses in Southeast Europe.
• The only greenhouses in the world heated exclusively by geothermal energy.
• Greek vegetables with almost zero CO2 footprint.

HYDROPONIC CULTIVATION

• Cultivation based on the highest standards.

GEOTHERMAL ENERGY

• New greenhouses (6.5 Ha), increase of volume and product portfolio
• Strong demand and positive feedback for our packaged products, new varieties of tomatoes (pink) and eggplants.
• Dynamic market expansion in Greece Gradual kick off of exports, still evolving.
• Green Company of the year 2023 Green brand awards
• Gold Green Brand Award for Packaging 2023

Strategy

• Overview
• CAPEX

Strategy Overview

Group Strategy

Pursuing Profitable growth through innovation and sustainability Focus on Adding Value Products Explore New Business Opportunities Safeguarding Financial Discipline

Technical Fabrics Segment

Be a trusted European Producer, with global footprint, focusing on innovation & sustainability

Key pillars:

• Continuous improvement of Product Mix & existing operations
• Going downstream to the value chain through new conversion capabilities
• Adopt new routes to markets
• Focus on conversion cost optimization

Packaging Segment

Be a trusted SE Europe based Producer, with strong product portfolio and innovative packaging solutions Key pillars:

• Targeted volume increase
• Geographical and markets expansion
• New products to offer a complete product range
• Focus on conversion cost optimization

Agricultural Segment

Be the most sustainable Greenhouse with focus on a qualitative product portfolio Key pillars:

• Expansion by 130 acres in total, still in progress
• Introduce new products
• Focus on products branding through new packaging proposition
• Gradually increase exports

Capex Progress

An investment plan of €149 mil. (2019- 2023) categorized as follows:

• EBITDA generated: ~ €106 mil.
• Infrastructure / Maintenance: ~€43 mil.

FY2024 CAPEX has no impact on annual results.

Note: CAPEX disclosed on a cash basis. FY2024 CAPEX includes c.5 mil. of advance payments for next year investments.

CAPEX implementation allows the Group to pursue new business opportunities in more niche markets, defending EBITDA levels within an extremely adverse economic environment, aiming for further EBITDA growth

The last 5yrs "EBITDA related" investments implemented, amounting to ~€106 mil., supported the increase of EBITDA by CAGR ~7%

FY 2024 investment program (~35mil.) implemented, includes the following investments:

• New extrusion coating line, expanding the conversion capabilities and going downstream the value chain aiming the construction and agricultural markets – the line is operational from Q1 2025
• New 9-layer blown film line for production of lamination films for food and non-food markets
• Further capacity growth in Rigid Packaging (new Injection machines in Greece, Bulgaria and Ireland, 2nd Thermoforming IML line in Greece)
• Further investments in automations / robotics in production processes
• Continuous investments in Health & Safety

FY2025 CAPEX Plan

Aligned with strategic priorities, FY2025 CAPEX focuses on increase conversion capabilities and adding new capacity in targeted areas

Technical Fabrics: Increasing Conversion capabilities and new product development

Packaging: Increasing capacity and expanding product offering

FY 2025 investment program (~€30 mil.):

• Further capacity growth in Rigid Packaging with new Injection machines in Greece, Bulgaria and Ireland and new molds for penetrating new markets
• New Thermoforming line in Bulgaria within Rigid Packaging Business, to expand current capacity and product portfolio and completion of new Thermoforming IML line investment in Greece
• New machinery in technical fabrics conversion (new line for Roofing business, double coat line) expanding the conversion capabilities and capacity
• New projects for Needlepunch lines upgrade and expansion of Needlepunch conversion plan in Greece
• Further investments in automations / robotics in production processes
• Acquisition of a new building (plant) in Xanthi Industrial area (completed in Q2 2025)
• Continuous investments in Health & Safety

SUSTAINABILITY

GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET

Approach to Sustainable Development ▪ Operating with

• respect to society and the environment
• Creating solutions for a sustainable future

GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 15

Vision

To be the most valuable partner for our customers and suppliers and to consistently increase shareholders' value while ensuring a prosperous future for all individuals working in Thrace Group.

Our values

Flexibility Responsiveness Integrity Innovation Collaboration Effectiveness Leadership

Our priorities for 2024/2025

Climate Change

Reduction of energy consumption and optimization of renewable energy use

Circular Economy Optimization of solid waste management and use of recycled raw materials

Biodiversity Optimization of pellet/microplastic management (zero pellet loss)

Health & Safety

Ongoing corrective actions as measures to reduce accidents

Training Strengthening of the training plan

Our 2025 targets

sources with self-generation according to current productivity levels

Recognitions

Retained a "B" distinction in CDP Ranked on the highest scale "Platinum" in Forbes Top 100 ESG Transparency Index in Greece

GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 16

detailed with specific actions, initiatives, and goals.

Strategy

The Group has developed the 2022-2026 Strategic Plan for Sustainable Development, which has been approved by the Sustainability Committee and the Group's Board of Directors. The Strategic Plan is based on the following strategic pillars, in line with the relevant Policy, each of which is

Policy

At the core of the Sustainable Development Policy is the Group's commitment to grow with respect for society and the environment, creating solutions for a sustainable future, thus remaining a reliable social partner. The approach to sustainable development is based on six principles:

Principles 1 Reduction of greenhouse gas emissions across all processes 3 Implementation of circular economy projects 5 Ensuring responsible corporate governance 2 Improvement of the environmental impacts of products 4 Improvement of social aspects affecting stakeholders 6 Awareness and certification SOCIAL GOVERNANCE ENVIRONMENT Sustainable Development Strategic Plan Implementation of circular economy Addressing climate change Empowerment of human resources Contribute to society Operating with integrity Ensuring business continuity

Products and Solutions That Make a Difference for a Sustainable Future

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GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 18

The adoption of sustainable practices is a key pillar of our strategy

Thrace Group, responding to modern challenges, remains committed to its enduring dedication to ESG goals and the meaningful contribution of its business activities to a sustainable future. This commitment is upheld by the Sustainable Development Department along with all the Group's executives, aiming for continuous improvement in each of these areas.

Framework

At the heart of all the Group's business practices, through its sustainable development strategy, is the creation of value for society and the environment, and operating based on a strong framework of corporate governance.

The Group continuously aligns with the most important sustainable development initiatives

2018	Disclosure of the approach and annual performance based on GRI standards
2019	Networking through the circular economy platform In the Loop with the goal of reducing the environmental footprint
2020	Evaluation of business practices and commitment to sustainable development
2021	Evaluation and disclosure of the environmental performance of product groups
2021	Assessment of environmental impacts, risk management, and demonstration of best practices
2021	Participation in the ATHEX ESG Index of the Athens Stock Exchange and disclosure according to the relevant standards
2021	Disclosure of the approach and annual performance based on SASB standards
2022	Certification of the recycled content of specific products by evaluating its traceability
2022	Measurement, disclosure, and reduction actions for carbon emissions indicators (scope 1, 2, 3)
2023	Classification of economic activities as environmentally sustainable based on technical criteria
2024	Validation of carbon reduction targets to address climate change
2025	Disclosure of the approach and annual performance based on the ESRS criteria of the CSRD directive

impact

Sustainable Development

Focus on Circular Economy by developing sustainable products with a positive environmental

Commitment

The Group puts the principles of the circular economy into practice throughout the entire lifecycle of its products, with targeted actions across all business activities.

Through close collaborations, it develops innovative products with added value that incorporate effective practices, enhancing their sustainability and making a significant contribution to environmental protection. For this reason, the Group emphasizes the management of waste directed to landfill and sets diversion goals.

Design priorities

• Low environmental footprint
• Lowest possible weight ensuring same durability
• Reusability
• 100% recyclability through monomaterial characteristics
• Use of recycled material up to 100%

Recyclability, traceability & transparency

• RecyClass
• EuCertPlus
• OK TUV
• LCA
• EPD

MATERIAL USE

PERFORMANCE

13.4 thousand tons ANNUAL USE OF RECYCLED RAW MATERIALS

30% INCREASE IN THE USE OF RECYCLED RAW MATERIALS COMPARED TO 2021

Networking through the "In the Loop" Circular Economy Platform

Networking among companies, brands, public institutions, and consumers

• Contribution to reducing the environmental footprint across the entire value chain
• Design of specialized reuse systems with tracking and certification of usage counts
• Design of specialized systems for advanced closed-loop/controlled recycling

Sustainable Development

Focus on energy efficiency, which is a never-ending effort

Total energy consumption in 2024 187,197 MWh

Energy consumption from renewable sources owned by the Group in 2024 21,055 MWh

RENEWABLE ENERGY

of current productivity

Carbon footprint

ENERGY EFFICIENCY IMPROVEMENT For the monitoring & calculation of greenhouse gas emissions, we employ a specialized platform aligned with the GHG Protocol methodology and ISO 14064-3.

We are in the process of establishing relevant reduction targets through the international Science Based Targets Initiative (SBTi).

Sustainable Development

Creation and safeguarding of employment We contribute to the local societies, with many initiatives for the local communities

SUPPORTING LOCAL COMMUNITIES

The Group is committed to creating economic value for the societies in which it operates, with a focus on:

• Strengthening the local economies of the countries in which it operates.
• Meeting the needs of surrounding communities affected by its activities.
• Creating and maintaining employment opportunities throughout its value chain, both directly and indirectly.

HEALTH AND SAFETY OF EMPLOYEES

• Operating in compliance with the health and safety legislation
• Establishing certification systems (ISO, EMAS)
• Training employees in the workplace
• Assessing and prioritizing hazards mitigation in the workplace
• Applying measures to prevent health and safety accidents
• Formulating a health insurance program for its employees

RESPECT OF HUMAN RIGHTS

• Committed to zero tolerance for acts of harassment in the workplace, forced child labor and any other type of discrimination.
• Committed to resolving complaints and treating employees in a fair and impartial way.
• Developed whistleblowing policy & reporting platform
• Established Human Rights Policy

HEALTH AND SAFETY OF PRΟDUCTS

• Complying with the relevant national legislation but also adopting international guidelines, safety rules, best practices and industry standards for the production and design of its products
• Following best practices such as consolidating partnerships with suppliers and customers to optimize the added value of the supply chain and establishing quality management processes

Sustainable Development

Creation and safeguarding of employment Robust Corporate Governance framework, being part of who we are and how we operate

BOARD OF DIRECTORS

• 11 Board Members: 2 executive members, 9 non-executive members (4 independent members, including the Vice-Chairman)
• Board performance assessment on a yearly basis (both independent and self-assessment)

BOARD OF DIRECTORS COMMITTEES

• Audit Committee (including Risk & Compliance)
• Remuneration & Nominations Committee
• Sustainability Committee
• Strategy & Investments Committee

CORPORATE GOVERNANCE COMPLIANCE

• Full compliance with current CG code – First audit was successfully completed with zero material deficiencies.

"Sustainable development is at the core of our corporate strategy and culture." K. Chalioris Chairman of the Board

"We remain consistent and committed to our goals, we reinforce our position in the market and we continue to invest in sustainable growth and uninterrupted progress." D. Malamos CEO

Financial Review FY 2024

❖ Another year of strong financial performance in a highly challenging environment

FY24 Highlights

Macroeconomic Environment Markets

• European economies still weak, impacted by geopolitical changes and high costs – Greece at a much better position and momentum
• European Union legislation does not promote European production - overregulation
• Geopolitical scenery changing, after new Administration in the USA
• Geopolitical uncertainty remains, despite the efforts for war conflicts termination – global turbulence due to US tariffs imposition threat
• Opportunities for European producers within Europe, subject to counter-measures
• Constant inflation but decreasing interest rates

• Increasing energy cost in the second half of the year, despite RES expansion

• Weak demand in Construction segment across Europe, despite the increased needs for new housing – anticipating significant increase in the near future

• Increased demand in agriculture, still not fully recovered
• Satisfactory demand in civil infrastructure projects, albeit lower than expected demand in the second half of the year
• Increased demand for products related to food packaging sector.
• Stable demand for products related to paint packaging sector

European industries continued to struggle with high costs, companies or plants in Europe cease operations, causing a new market condition (re-balancing).

FY24 Highlights

Technical Fabrics

• Technical Fabrics in Europe suffered due to low demand and increased costs
• Traditional European markets (UK, Central Europe) still in recession, depicting low demand and soft sales prices
• The segment impacted by the poor performance of the Scottish subsidiary
• Different strategy per local market or segment, e.g. new route to markets in the UK, start bearing fruits
• Limited to none EU defense against imports
• New product development

Packaging

• High demand for packaging products in all countries of operation
• The increase of tourism, HORECA and paints business as well as the increase of customers exports (mainly yogurt) still providing growth opportunities and potential
• Increased demand in Super-Markets (food business)
• Thrace maintained top position in main markets, opening new markets in Europe – still in progress
• New products and technologies further penetrating new markets (e.g. lighter weight products, Thermoforming IML)

In FY2024, the Scottish subsidiary was negatively impacted by a series of parameters: (a) the ongoing recession in the UK and the recent elections, (b) the discontinuation of the grass business (impact of ~€1 mil.), (c) the new route to market strategy, with short term hit in profitability but long-term benefits.

Financial Analysis

Despite the strong growth of volumes sold and Turnover, FY2024 EBITDA was impacted mainly by the following:

• Payroll cost increase by ~€7,5 mil.: the majority of which relates to salary increases in all countries of operations.
• Energy cost increase by ~€2,2 mil., maintaining a steady increased cost per kg.
• Transportation cost increase by ~€2,2 mil., with average cost per kg increased due to the Red Sea crisis.

As a result of low demand, only part of these increased costs were recovered through the average sales price per kg.

Turnover increased to €370 mil., depicting strong growth, despite the soft demand

STATEMENT OF INCOME	FY 2024	FY 2023	% Δ
Volumes (Tons)	120 696	109 757	10 0% ,
Turnover	370 368	345 373	7 2% ,
Profit Gross	140 77	069 77	0 1% ,
Profit Gross Margin	20 8% ,	22 3% ,
ΕΒΙΤ	658 15	20 663	-24 2% ,
EBIT Margin	4 2% ,	6 0% ,
EBITDA	41 361	017 44	-6 0% ,
EBITDA Margin	2% 11 ,	7% 12 ,
Adjusted EBITDA*	42 256	44 017	-4 0% ,
Adjusted EBITDA Margin	4% 11 ,	7% 12 ,
EBT	13 735	21 336	-35 6% ,
Margin EBT	7% 3 ,	2% 6 ,
EAT	11 004	18 326	-40 0% ,
Margin EAT	0% 3 ,	3% 5 ,
(€) EPS	0 2415 ,	0 4134 ,	-41 6% ,

0,0

5,0

10,0

15,0

20,0

25,0

30,0

35,0

40,0

45,0

50,0

EBT

Financial Results

Stable financial performance, with robust EBITDA and low Net Debt, despite the market and business challenges

EBT

Volumes Sold in thous tons

In this challenging economic environment for European companies, the Group achieved to increase the volumes sold and Turnover, as a result of the investment plan implemented in the previous years

13,7

Note: Amounts in mil.

Segmental Performance

• Technical Fabrics business suffered from low demand and, as a result, low selling prices in main market segments (construction, agriculture) and key geographies (UK, Central Europe).
• Packaging business progressed due to increased demand in tourism, HORECA business and paints industry, as well as increased market shares in geographies of operation
• The Group's operation into two different segments with some common characteristics, but different dynamics, depicts a well diversified business

Financial Position

Strong Balance Sheet, with increased assets base and stable OWC over Sales

(in €'000) of Financial Position Statement	2024	2023
Fixed Assets	206 933	191 253
Other NC Assets	27 383	30 472
Non Current Assets	234 316	221 725
Inventories	85 105	72 003
Receivables	73 151	62 179
Cash & Cash Equivalents	33 456	27 801
available for sale Assets	1 698	0
Other Currents Assets	8 120	22 556
Current Assets	201 530	184 539
Total Assets	435 846	406 264
Bank Loans	64 979	54 345
Liabilities from leases	2 901	3 025
Payables	500 55	38 462
for Plans Provisions Pension	1 907	1 658
Other Liabilities	35 390	31 720
Total Liabilities	160 677	129 210
Equity	275 169	277 054
Equity & Liabilities	435 846	406 264

Ratios Key	2024	2023
Total Debt	67 880	370 57
Cash	33 456	27 801
Debt Net	34 424	29 569
/ Debt Net EBITDA	0 83 ,	0 67 ,
/ Debt Sales Net	0 09 ,	0 09 ,
/ Debt Net Equity	0 13 ,	0 11 ,
/ EV EBITDA	4 9 ,	4 8 ,
ROCE	4 1% ,	6% 5 ,
ROE	3 8% ,	6 5% ,
ROIC	2% 4 ,	8% 5 ,
Operating WC	102 756	95 720
of Sales % as a	27 7% ,	27 7% ,

Working Capital

• DSO, DPO, DIO follow a normal pattern, excluding 2021, which is considered an outlier

• DSO remains at a normal range, driven primarily by the increased sales of the period

• Inventories days decreased, but increased in absolute numbers, due to increased volumes of raw materials in stock

Note that Finished Goods are connected to existing orders not delivered at year end

• DPO at normal range, with no material fluctuation

Working Capital follows a normal pattern, with no significant fluctuations

0

10

20

30

40

50

60

70

Cash Flow Overview

Strong Operating Cashflows, while CAPEX outflow related to advance payments for new investments as well(c.€5 mil.), to be implemented in FY2025

0

* Excluding leases

Net Debt

• After the historical high net debt of €84 mil. in 2019, following the 5yrs restructuring plan, Net Debt has settled at low levels from 2020 onwards

• This fact proves the robustness of Group's business and that remains in a position to keep low Net Debt, while implementing increased CAPEX and distributing relatively higher dividends

• At the same time, the Group is in a position to take advantage of new opportunities, by e.g. implementing targeted new business development or expanding through acquisitions

2019 2020 2021 2022 2023 2024

Short-term debt Long-term debt

1,9

Financing Cost (€m)*

2019 2020 2021 2023 2024

3,1

3,5

* Excluding leases

3,0

interest expense on leases

3,5

* Excluding

Outlook Q1 & FY2025

2025 Outlook

Q1 2025

• Outlook is positive, despite negative current market condition – geopolitical uncertainty remains strong
• Volumes in Q1 depicts an increase of c.7% vs prior year
• Group EBITDA for Q1 2025 is estimated to be 20% - 25% below previous year, mainly due to high raw materials prices and energy cost (energy cost increased by €2.5 mil. y-o-y)

FY 2025

• Group's Management estimates that the expected EBITDA of FY2025 will remain at levels comparable to FY2023, with potential for improvement as market conditions evolve, despite the current market uncertainty and Q1 performance due to:
  • Estimated volume growth, already achieved from Q1
  • Stronger performance anticipated in the following quarters, especially towards the second half of the year
• Ongoing Scottish subsidiary restructuring and actions for turnaround: (a) consolidation of the management of individual operations with a Greek subsidiary, (b) the new route to market approach for the UK market, (c) measures to reduce operating fixed and variable costs, and (d) the cessation of artificial grass production
• Group's Management is not changing its initial plans and is committed for growth in FY2025 – as progressing within the year and depending on political conditions evolution, annual profitability can be better forecasted.

Thrace Group

STOCK |DATA ❖ Sufficient free float and well diversified investors portfolio. Focusing on achieving strong dividend yields for our shareholders

GROUP STRATEGY SUSTAINABILITY FINANCIAL OUTLOOK STOCK MARKET PAGE 37

Shareholders Analysis 31.12.2024

Shareholders Breakdown

• Retail
• Own Shares

Strong and increasing dividend yields starting from 2020, clearly targeted by the Group

Alternative Performance Measures

During the description of the developments and the performance of the Group, ratios such as the EBIT and the EBITDA are utilized.

• EBIT (The indicator of earnings before the financial and investment activities as well as the taxes) The EBIT serves the better analysis of the Group's operating results and is calculated as follows: Turnover plus other operating income minus the total operating expenses, before the financial and investment activities. The EBIT margin (%) is calculated by dividing the EBIT by the turnover.
• EBITDA (The indicator of operating earnings before the financial and investment activities as well as the depreciation, amortization, impairment and taxes) The EBITDA serves the better analysis of the Group's operating results and is calculated as follows: Turnover plus other operating income minus the total operating expenses before the depreciation of fixed assets, the amortization of grants and the impairments, as well as before the financial and investment activities. The EBITDA margin (%) is calculated by dividing the EBITDA by the turnover.
• Adjusted EBITDA (The adjusted figure of operating earnings before the financial and investment activities as well as depreciation, amortization, impairment and taxes) The Adjusted EBITDA equals with the EBITDA figure from which the restructuring costs, merger and acquisition costs and other non-recurring expenses have been deducted.

Ratios	Explanation
Net Debt / Sales	Relation between Net Debt and Sales
Net Debt / Equity	Relation between Net Debt and Equity
Net Debt / EBITDA	Relation between Net Debt and EBITDA
EV/EBITDA: Value of the Company / Operating Earnings before Financial and Investment Activities, Depreciation, Amortization, Impairments and Taxes	Current Market Capitalization, plus the Company's Debt, minus its Cash, divided by the Operating Earnings before Financial and Investment Activities, Depreciation, Amortization, Impairments and Taxes
ROCE: Return on Capital Employed	Operating Earnings before Financial and Investment Activities and Taxes minus the Taxes divided by the Total Assets minus the Current Liabilities
ROE: Return on Equity	Earnings after Taxes and Minority Rights / Equity attributable to shareholders of the Company
ROIC: Return on Invested Capital	Operating Earnings before Financial and Investment Activities and Taxes minus the Taxes divided by the Invested Capital (Bank Debt + Equity – Cash)

Disclaimer

This material (the "Presentation") has been prepared, issued and presented by Thrace Plastics Co S.A. (the "Company") on the terms set out below for the exclusive and confidential use of the persons to whom it is addressed ("Recipients"), solely for use by the Recipients in the framework of this presentation. The Presentation includes, and is not limited to, the present document, any oral presentation, the question and answer session and any written or oral material discussed or distributed during this presentation.

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Unless otherwise stated in the Presentation, all financial data contained herein are stated in accordance with International Financial Reporting Standards (IFRS).

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FORWARD LOOKING STATEMENTS

This Presentation contains illustrative returns, projections, estimates and beliefs and similar information (the "forward-looking statements"), based on current beliefs and expectations about future events. Forward-looking statements reflect the Company's current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, and are, therefore, subject to certain risks and uncertainties regarding the operations, financial condition, liquidity etc. of the Company.

The forward-looking statements in the Presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties.

Although the Company believes the expectations reflected in such forward-looking statements are based on assumptions that were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of the Company, the latter cannot assure that its expectations, beliefs or projections will be attained, achieved or accomplished.

The forward-looking statements are made as of the date of the Presentation, and the Company undertakes no obligation to update or revise or amend or keep current any forward-looking statement or to correct any inaccuracies in the Presentation, in light of new information or future events or otherwise.

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Contacts

Investors Relations Department ir@thraceplastics.gr +30 210 9875081

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www.thracegroup.com